All this may well end with a global agreement to reorder trade and finance: the ‘Mar-a-Lago accord’ that had been rumoured in the markets for weeks.
✍️ Matthew Lynn https://t.co/fyHNXNEZBd
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A thread on The Mar-A-Lago Accord (MALA).
tl:dr
Take it seriously, not literally
The status quo cannot last. If we do nothing, it ends badly. What is the alternative?
Most of it has either already happened, or is underway. We weren't aware of the name.