“Tail Risks Are Getting Fatter & Fatter” Guggenheim’s Minerd Fears “Devastating” Trade War
by Tyler Durden
ZeroHedge.com
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
