The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
FX Trader, Loonieviews.net
Summary: Like European Central bank chief Mario Draghi, the International Monetary Fund remains unwilling to call a European recession, but its latest outlook still sees a slowdown on the near horizon.