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Maybe there's something wrong with me.
I'm sitting at the top of a mountain in Lake Tahoe, on "vacation" reading the Financial Times in a Lodge overlooking the water. Before I left, I swore up and down I'd unplug from the world around me.
But the last time I really "unplugged" was the first week of March 2008. I had just quit Wall Street and moved to a small beach town in Florida to work on a novel.
Five days after I arrived, I was sitting at a bar working on the second chapter. Bear Stearns had just collapsed…
Things feel eerily familiar. I feel like my vacation may be interrupted by the imminent explosion of the European banking system.
Last Friday, I issued a warning about Deutsche Bank in particular and German banks as a whole.
That rickety sector won't be alone when it goes – there's another European country that could go bust at virtually any second now.
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.