“Tail Risks Are Getting Fatter & Fatter” Guggenheim’s Minerd Fears “Devastating” Trade War

Friday, July 13, 2018
By Paul Martin

by Tyler Durden
Fri, 07/13/2018

Having warned last week that “stock markets are crazy” as they rally in the face of an escalating trade war…

Guggenheim Partners’ CIO Scott Minerd reiterated his stance during a Bloomberg TV interview this week, warnings that a trade war with China may be “devastating” for the world’s two largest economies, raising the risk of a deep U.S. recession as soon as next year.

One glimpse at the following chart and it’s clear that Minerd has a point – how does this make any sense?

The Rest…HERE

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