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[REPLAY] James Aitken – Macro Strategist Extraordinaire (Capital Allocators, EP.58)
Capital Allocators – Inside the Institutional Investment Industry
The Germans and the Black Economy
When you falsify the key assumption, underpinning any liquidity or credit cycle, you get mean reversion and then some. The Germans thought it is an opportunity to teach everyone a lesson. And they hit a red button that took economic and monetary union to the brink. They have started something that's going to be awfully difficult to control. So stand back, be careful. Think about your counterparty exposure to European banks. Just be careful, right?
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