China election trade Trump yuan

The Black Swans Cometh

Want to see something scary? Look no further than SocGen’s latest black swan chart, which the bank updates on a
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2 comments on “The Black Swans Cometh

  1. Paul Nelissen

    The hard landing in China is not visible yet. We also do not (yet) have trade wars. Yes, that may happen, but in that case everybody looses. More protectionism is already happening and will continue to rise. Bond yields may drop, once it is clear that we are headed for a global recession. Political uncertainty is mainly a reflection of problems “under the hood”, that is in the real economy.

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