…we have big problems that are in central bankers hands to contain and contain well….the problem is now known to everyone, the risks are disproportionate if they blow up…but it does not mean it will, we can only hope they don’t but we must at the same time recognise the enormity of Where We’re At., https://x.com/GlobalMktObserv/status/1821524262639026436
And as I had expected, local market participants are more guarded with less exuberance than what was displayed in Wall St, …we have lost more money than the gamblers in US so they are not as deterred. Plus of course Wall St continues to make this out as a non event, similar to early days after the Covid outbreak - an outbreak that is restricted to China.
We live in an interconnected world, contagion is inevitable because markets are globally interconnected.
You can follow price or you can follow macros and development.
