Handbook For a Multipolar World
De-globalization → Trade Tariffs → Carry Trade Unwind → Geopolitical Uncertainty → Repatriation production capacity → Higher Transaction Costs →Inflationary Forces → Higher Rates
Globalization has been a very useful framework to better understand global finance for the past 40 plus years.
However, we believe the structural framework is undergoing a metamorphosis that will have profound implications on the architecture of the global financial system.
Current correlations, the carry trade strategy, emerging markets and the Eurodol…
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