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Geopolitical tensions are intensifying risks to global growth and even raising the possibility that two of the world’s leading central banks may be easing again this year. That’s the view of TD Securities’ head of global strategy, Rich Kelly, who says the “modern-day blockade” of Russia’s economy has led to an “illiquidity bubble” around Russian assets that’s so far contained, although “illiquidity begets credit defaults, and that is the more uncertain phase for markets to navigate next.
...read full article on Market Watch
