The only reason we are having a recovery of any sort is because of the unprecedented tens of trillions of dollars, pounds, euros, yen, and yuan being dumped into the system. And now with interest rates going up there is a lot of fear out there.
We are also watching how banks are reacting to this. And now with more investigations under way, we are seeing an unraveling of sorts that has us quite concerned. When you have geopolitical unrest, economic uncertainty, and then on top of that you have ongoing investigations into criminality by bankers, this is a recipe for disaster when it comes to the global economy.
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