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Monetary Tightening & the End of the Risk-on Trade | Mohamed El-Erian
Hidden Forces
Changing Expectations on the Part of Global Leaders
Oso: For a long time, countries ran varico duel option model. You had an option on the us for national security, and you had an option with china or e u. Oso: The last thing these dule option countries want to do is make this sort of choice. But it's very different when it comes us china, with all the complications of that relationship. That is the first major change in the way the system operates.
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