Australia may be a serious risk in the event of China collapse. Don’t have a good sense of what’s up in Canada, but I generally assume that they would follow US economic lead.
I think a global collapse could occur even at current yields in DM, especially if EM countries have to keep raising rates to defend their foundering currencies.
CIO, HonTe Investments. Ran global macro at JPM. Yahoo! Finance Contributor. Ph.D. in Mathematics. Author, The Next Perfect Trade. No investment advice.
