Nomura Lists 9 'Grey Swans' for 2019

Nomura's FX team, led by Bilal Hafeez, posted a list of 9 'Grey Swans' for 2019:

Shock 1: End of populism

Shock 2: Oil price plunges to $20/bbl

Shock 3: The big market quake

Shock 4: Italian renaissance

Shock 5: EM deflation

Shock 6: CNY comeback

Shock 7: Global growth takes off

Shock 8: Deflating euro area

Shock 9: Inflation sonic boom

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