Zoltan Pozsar: Europe is facing a Minsky moment triggered by excessive financial leverage. In Germany, $2 trillion of value added depends on $20 billion of gas from Russia… …that’s 100-times leverage – much more than Lehman’s.”

by  mark000

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Eurozone about to plunge into severe recession, global markets (stock, bond, real estate, crypto, oil, commodities, currencies) going to crash, then a global financial crisis, and then…………?


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