War & Markets: Less Growth, Less Certainty, More Geopolitical Risk
MishTalk
JULY 21, 2014
Steen Jakobsen, chief economist and CIO at Saxo Bank, has a interesting article today on War & Markets I present below as a guest post. The simplest way to “measure” geopolitical risk is to look at the price of energy. Energy is everything for a macro economist as it’s a tax on the economy when high, and a discount when low.
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