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"Problems, Pitfalls, and Politics"  Summer 2016     

Look for more shocks and volatility as the Fed and other global monetary authorities attempt, in an uncoordinated manner, to unwind the massive global monetary stimulus.
 

Painful unintended consequences are likely to abound, just as happened overnight when the Swiss uncoupled their currency from the Euro.  Political surprises in Europe and the United States add to the uncertainty.