With US equity markets hitting fresh all-time highs (as much of the rest of the world is 10-15% off its highs and falling), the meme that rules the “common knowledge” talking-head world is “US decoupling” or yet another version of ‘cleanest dirty shirt’. Well, as much as we hate to steal the jam from many an asset-gatherer’s donut, the BIS provides us with a simple quick efficient guide to show that no, not all…as the
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