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Hugh Hendry: This FINANCIAL ARMAGEDDON could be history’s most profitable trade

Macroscopic Podcast

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Banking Risks and Economic Parallels

This chapter examines the reckless behaviors of U.S. and European banks during financial crises, focusing on a naive investor in Thailand. It highlights how banks, particularly Japanese ones, engaged in high-risk investments without proper due diligence, leading to significant losses. The discussion extends to the implications of these strategies in relation to China's economy, asset valuations, and the dynamics of international finance.

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