This ‘underappreciated’ black swan could bring fresh chaos to the global economy
Written by Black Hot Fire Network on June 27, 2022
New week, same bounce. Stock futures point to fresh gains as investors grow optimistic that a bond rout is ending, and the Fed’s rate-hike plans will get pruned due to a global slowdown.
Of course, that optimism comes as discontent grows around the world from high commodity prices that have driven up food prices, crimped U.S. summer driving plans and left some poorer countries in total crisis. “The real world where companies sell their products isn’t looking too special for H2,” writes OANDA’s Jeffrey Halley.
That brings us to a . . .
