The likely shutdown of all Russian gas to Germany this winter, resulting in a) 5-10X rise in home heating costs, and b) complete shutdown of many industries, resulting in a c) depression in the German (and thus European) economy
You do realize that we live in a globalized economy and that a collapse of the German economy would have significant consequences for the world at large?
Yeah I feel like somehow the market has ignored that possibility. Although maybe that’s why the 10 year bond is down so low and the market is fighting the fed
