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George Noble: A 20-50% Market Crash Is Coming
Forward Guidance
Bond Yields Have to Stop
I think this whole re pricing of risk assets globally, this is a sort of semi permanent step change. And what people don't quite understand or having come to grips with is that whereas in the post GFC environment, every decline has been met with more liquidity injections from the central banks. That's not going to happen this time. So you've got a sort of permanent, I'm going to use the term permanent for the context of the next few years. The worst from here, stocks have already sold off 25%.
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