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Are Developed Markets The New Banana Republics?
Implicit in pervasive hand-wringing over the recent sharp rise in long-end bond yields across advanc
“The handy work of an epic moron whose imbecility was surely irreplicable. . . .”
Or so we thought.
The day after Trump was elected the first time, I wrote to a Turkish friend and said “we’re gonna end up just like you.”
I had similar thoughts, not as cogent. We are victims of our trust in america – america (yes, lower case) does not deserve my trust today. america has lost its shadow! Even the word “beautiful” has lost meaning in america…..