Reported 18 days ago
Ruchir Sharma, chair of Rockefeller International, highlights that the U.S.'s extreme dominance in global financial markets has created a massive bubble, drawing unprecedented amounts of foreign investment. While this may seem beneficial for the U.S., it's destabilizing smaller economies and leading to potential adverse effects on global markets, a phenomenon that has not been seen since periods like the roaring 1920s. Sharma cautions that this trend could worsen economic fundamentals worldwide, with growing risks as investors shift their focus overwhelmingly towards U.S. assets.
Source: YAHOO