Rabo: This Is The Market's Worst-Case Scenario

The Wisdom of Solomon The mainstream financial industry is finally grasping that the comfy tectonic plates they sit on are not just shifting but smashing into each other. Yesterday saw a Bloomberg op-ed titled ' Putin and Xi Exposed the Great Illusion of Capitalism ', It read like a greatest hits of this Daily, referring to Norman Angell, imperialism, WW1, The Treaty of Versailles, imbalances and fascism, WW2, Bretton Woods 1, and communism and the Cold War. The conclusion: "Unless the US and its allies mobilize to save it, the second great age of globalization is coming to a catastrophic…