Independent Strategy

Europe (and a few other places) in a decade

What will Europe and the world look like in a decade? It will be a safer place. Equities will perform okay, but bond yields and inflation rates will be a step higher. The renminbi will become fully convertible and the euro will gain market share as a reserve currency. But most emerging economies will not converge with the living standards of wealthy nations and the migration diaspora will explode.

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