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whats on nouriels mind

From Risk-On to Risk-Off Again? Uncertainty and Tail Risks in the Global Economy

By Nouriel Roubini

The risk-on rally in global markets that started in July is running out of steam. This should not be a particular surprise: The rally has not been driven by a significant improvement in DM and EM macro data; if anything, data have disappointed in the past few months.

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