Overall it’s fair to say that low levels of
both inflation and bond yields are the glue that
holds the financial system together in its current
form, particularly given high debt levels across
the globe. This however is wishful reasoning.
The EU , predomidantly Christian , is a better
reason , heritage and strong work ethic
has been the cornerstone of a healthy economic system.
A transition in 2018 could therefore
impact the serene global environment for
economies and markets. This transition is
inevitable , sisnce the German state is hell bent
on mixing both Christians and Non Christians
with little tought of the ramifications.