We suspect the popularity of Ulm nest could increase over the coming quarters as the global economy stumbles amid severe virus-related impacts. As BofA's Michael Hartnett points out, the bursting of the bubble remains the most significant bull risk, the "decade-long backdrop of maximum liquidity and technological disruption has caused maximum inequality & massive social and electoral polarization…value of US financial assets (Wall Street) now 6X size of GDP."
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