"I believe that the political risks to both capital market structure and international trade ... have not been this great since the 1930’s."
Without a political crisis there's no end to this: http://www.zerohedge.com/news/2014-06-03/minsky-moment-meme …
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@SOBL1 I think the central point is sound: Residual political credibility is holding the whole shebang together at this stage. - 1 more reply
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@SOBL1 Can the USD implode prior to a collapse in the magical power of the Fed? (The crucial pol-econ question of our age.) - 3 more replies
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