Financial advisors are beginning to prepare for some bad, but not unthinkable, “doomsday” scenarios, such as stagnant global growth as a result of record-high debt and record-low rates, or a deepened conflict between the U.S. and China.
Doomsday scenarios don’t have to come with the hype, speed, and spectacle of a Hollywood blockbuster. The biggest threats today are slower-moving and decidedly less visual: The U.S.
-China trade war could become an all-out conflict that plunges the world into recession and undoes globalization; a Japan-like deflationary funk could spread through the U.S. and Europe; or state-sponsored hackers could paralyze critical infrastructure, undermining confidence and sparking a cyberwar.
France Dernières Nouvelles, France Actualités
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