Sputnik — Deutsche Bank Predicts New World ‘Disorder’, Cold War Between US and China

The world is “on the cusp” of a new era marked by instability, disorder and the fragmentation of the previous period of globalisation, Deutsche Bank, the largest bank in Germany and one of the largest financial institutions in the world, has predicted in a new report.

In a document for clients entitled the ‘Long-Term Asset Return Study’, the bank suggests that the coronavirus crisis has accelerated, but not caused, the coming about of what lead analyst Jim Reid refers to as the new ‘Age of Disorder’, in which deteriorating relations and divergent interests between the United States and China replace the age of “unfettered globalisation” (and smooth, easy profits) which began in the early 1980s.

Fear/greed ratio rising?

MMT gets a mention.

Deutsche Bank’s analysts also predict that ‘modern monetary theory’, or so-called ‘helicopter money’, a controversial monetary policy which proposes central bank payments directly to citizens to stimulate economic growth, will become mainstream in the coming years and lead to “even higher debt” burdens among nations. One likely side effect is expected to be a rise in inflation....

Sputnik International
Deutsche Bank Predicts New World ‘Disorder’, Cold War Between US and China

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