4 Black Swans And Why “Trumpflation” Is No Match For The End Of “Xiflation”
Well, SocGen is out with their Global Economic Outlook which, as you may or may not be aware, usually includes a picture of a bell curve with some swans on it.
I'm skeptical that anyone actually reads these things. As Reuters wrote earlier this year, "about 40,000 research reports are produced every week by the world's top 15 global investment banks, of which less than 1 percent are actually read by investors."
I'd be willing to bet that percentage is even lower for research that's longer tha
Look at your global gdp growth bars for China and USA. How much of that growth is actually contrived? How far is this world from healthy organic growth? The remedy seems to be leadership. Is lack of leadership a gigantic black swan?
Not necessarily. The US has suffered abysmal, counterproductive top leadership (from both sides) for many years although US muddled through for other various reasons.