TẦM NHÌN "ĐỊA-VĂN-CHÍNH-CÔNG-KINH"
QUYẾT ĐỊNH THÀNH CÔNG

I FORESEE TO WIN
NOTHING IS PERMANENT EXCEPT CHANGE

1-First, the trade war between the United States and China would have to be placed on hold;2-Second, the US economy will have to grow by at least 2%;3-Third, China will have to avoid a significant intensification of its financial problems. Successfully managing a corporate-debt load of 160% of GDP requires not just selectively restructuring bad loans, but also increasing the denominator of the debt-to-GDP ratio;4-Fourth, voters in the European Parliament election in May will have to prevent the victory of a right-wing nationalist majority hostile to European integration. Europe needs to move forward in order to avoid falling back; the existence of the euro leaves it no choice;

OTHER NEWS

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Liquidity injections and zero interest rate policies disguise risk and may give a false sense of security.  This risk could not be more evident today.  Not only have we seen large downgrades to consensus growth estimates and central banks’ expectations of GDP and inflation, leading indicators also point to a much weaker economy ahead.

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