MishTalk/Mish Shedlock/3-15-2022
“As a direct result of these decisions, we have turned the dollar and the euro, and everything that is denominated in those currencies, into de facto risky assets. The probability of default of a dollar or euro denominated asset can no longer be credibly put at zero. With a single decision, we have created a tail risk.” – Wolfgang Munchau, Eurointelligence
USAGOLD note: Quoting Munchau extensively, Shedlock raises concerns not vocalized in the mainstream media. He says that among the many unintended consequences, “the unprecedented actions may have just started a global currency crisis.”
