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INSIGHTS

Market Observations by Nicholas Rubino

Financial Weapons of Mass Destruction: Redefined
January 2019

Trade wars are won by the country that can tolerate the greatest amount of pain, and the bottom line is that there is no way to know who will surrender first or when that will happen. How far will these two world powers let the carnage go?

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FOOTNOTES

Please refer to the glossary for definitions of terms and indices.

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3083-NLD-1/22/2019