Imagine holding a balloon, and squeezing it to one’s chest. Does the balloon retain its uniformity, or does it pop out in odd places, where one’s arms can’t cover the full surface? Of course it pops out. What happens if one squeezes too hard? The pressure/rubber integrity ratio reaches criticality and, of course, the balloon pops.
For the 36 South Capital Advisors investment team, that balloon is the financial economy. The squeeze created by monetary activism from the central banks is creating d
The week on Risk.net, December 2–8, 2017Receive this by email