Die Blase aller Blasen

That there is a bubble, a massive one, is unquestionable. Readers will further have anticipated that it didn’t have to be a global pandemic to burst this bubble. This bubble was practically looking for a prick – any prick – to burst it. Whether it was a credit event, liquidity shortages that led to bankruptcies, a terrorist attack, a natural disaster or a bat: markets had reached a level of fragility where they could not cope with the materialising of such a tail risk event. mehr hier

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