Anyone who thinks the Global Financial System is anything but in an agonal state is not of this world. The analogy to a patient in cardiac arrest, unresponsive to repeated cycles of adrenaline and defibrillation, is too tempting. Too appropriate. While the US remains the battered hero overall, the European Union is its heartbeat and money the vital circulation. And the patient has collapsed with no pulse.
Is there still a flicker of hope, or is a ‘flat-line’ imminent?