The results of the UK elections have shown something that I have commented on several occasions: The widely spread narrative that British citizens had regretted having voted for Brexit was simply incorrect.
The unprecedented monetary expansion we have witnessed in the past years is on track to put the balance sheet of some of these central banks at 20% to 100% of the GDP of their countries. Massive monetary stimulus and more than 600 interest-rate cuts have been drivers to support a global recovery. But the risks cannot be underestimated.
Watch the entire interview here talking about the Rising Challenges of the European Union
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