Crises tend to be born out of the unexpected and the thing most people just don’t see coming. Nassim Taleb taught us that.
With all eyes on western central banks, QE, accusations of Western repression — and a repetitive dialogue that it’s QE that’s causing bubbles everywhere — we’d argue the markets may be missing a trick in neglecting the importance of China’s recent turn towards liberalisation.
But not necessarily for the reason most people think. Read more