Yes, Italian debt will be a problem again but i would worry about Germany first. Their climate policies have hurt their industrial heartland so much but the leaders are doubling down w the 'wende'. If Germany breaks, never mind Italy..
And if China goes down we are looking at a world depression as markets have nowhere to go. The end of globalisation. It hangs on whether countries are willing to let go of trying to wreck their economy by making Co2 emissions the only factor and fossil fuels the devil. Bad energy policies for 30 years in the west will make it impossible to get industrial production recover when China is no longer playing ball.
Thanks for bringing Jeff on. Nice show
best macro guy ever
Good interview. Very informative
Yes, Italian debt will be a problem again but i would worry about Germany first. Their climate policies have hurt their industrial heartland so much but the leaders are doubling down w the 'wende'. If Germany breaks, never mind Italy..
And if China goes down we are looking at a world depression as markets have nowhere to go. The end of globalisation. It hangs on whether countries are willing to let go of trying to wreck their economy by making Co2 emissions the only factor and fossil fuels the devil. Bad energy policies for 30 years in the west will make it impossible to get industrial production recover when China is no longer playing ball.