When the Vampire Squid trembles, we probably should tremble a bit too. Last week, Goldman Sachs reported on an end to the ‘Goldilocks’ era of solid growth, low inflation and low but predictable yields on most asset types. Almost every major stock market in the world is now either in a correction or a straight-up bear market. It’s time for financial market participants to wear their brown pants to work a bit more....
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