Mauldin: 2020 Will Be The Most Volatile Year In History
by John Mauldin via MauldinEconomics.com,
ZeroHedge.com
Sun, 09/08/2019
The last few weeks marked a turning point in the global economy.
It’s more than the trade war. A sense of vulnerability is replacing the previous confidence – and with good reason.
We are vulnerable, and we’ll be lucky to get through the 2020s without major damage.
Let’s talk about the risks facing us in the next year or so and the economic environment in which we will face those risks.
Supply Shocks Ahead
In a recent Project Syndicate piece, NYU professor and economist Nouriel Roubini outlined three potential shocks, any one of which could trigger a recession:
The US-China trade and currency war
A slower-brewing US-China technology cold war (which could have much larger long-term implications)
Tension with Iran that could threaten Middle East oil exports
The first of those seems to be getting worse. The second is getting no better. I consider the third one unlikely.
The Rest…HERE
