QS argues that markets are mistaking the suppression of symptoms for the resolution of underlying tensions, from Treasury buybacks to US-China dialogue. The defining feature of the next cycle may be not declining risk, but rising lethality.
QS argues that markets are mistaking the suppression of symptoms for the resolution of underlying tensions, from Treasury buybacks to US-China dialogue. The defining feature of the next cycle may be not declining risk, but rising lethality.