Risk is always lurking around the corner, and in these troubled times, Dean Curnutt, CEO of Macro Risk Advisors, takes a look at the new face of global risk in a new piece sent to the research and trading firm's clients this morning.
He takes issue with Morgan Stanley (NYSE:MS) CEO James Gorman’s recent comment in the context of a repeat of the 2008 financial meltdown: “The probability of it happening again in our lifetime is as close to zero as I could imagine.”
Sure, banks are in much better shape, regulators are...
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