Morgan Stanley's take on Zoltan Pozsar's note.
Of course, not everyone agreed with this radical view, with Rabobank's in-house geostrategist Michael Every among the most vocal critics of Pozsar's take. Over the weekend, another skeptic emerged, this time the global head of FX EM at Morgan Stanley, James Lord...
https://www.zerohedge.com/markets/morgan-stanley-lists-three-ways-world-will-respond-sanctions-threaten-dollars-dominance
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