War Makes for Clarity

Alastair Crooke- In America – as in Europe – there is fear and anger at system disintegration

In America – as in Europe – there is fear and anger at system disintegration

The train wreck has been expected for so long that we have become comfortable living under its shadow. Life went on; markets were sanguine that the market lifestyle subsidy provided by the Central Banks would continue unabated. And not without good reason either: Any trader disappointment at Central Bank action, any dip in markets, brought forth a collective market hissy fit that usually strong-armed the Central Banks into immediate appeasement. We were hard pressed to imagine differently.

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