On My Radar: Global Recession A High Probability

On My Radar: Global Recession A High Probability by Steve Blumenthal, Capital Management Group

“I have long made the claim that the transnational nature of Europe cannot be sustained. The divergent economic interests of EU countries, some with unemployment over 20 percent, some with it under 5 percent, meant that it was impossible for all of them to live not only under the same monetary regime, but under the same trade regime, which we cannot call free trade with agriculture, among other things, being protected. This would lead to a focus on national interest and on a resurrected nation-state.”  -George Friedman

Following up on last week’s piece highlighting the catastrophe of negative interest rates created by Central Bank Policy,...