Louis-Vincent Gave writes …..Investors will be happy to bid farewell to 2018, a miserable year in which all assets underperformed US dollar cash. For next year, three questions are critical:
1) Will the US-dollar liquidity squeeze ease?
2) Will the expanding US budget deficit prove a decisive factor? and
3) Are we witnessing the slow-motion unraveling of the “Chimerica” synergy between the US and China?