Central Banks, Wars, and Tariffs: A Perfect Storm Threatens Global Financial Stability

The global economy is entering what Société Générale analyst Albert Edwards calls "febrile times." US government borrowing costs have climbed to their highest level since 2007, Brent crude sits above $100 a barrel, and central banks from Washington to Tokyo are hiking rates simultaneously — all while a new US sanctions law threatens to slap 100% tariffs on countries buying Russian oil. The convergence of war, trade escalation, and monetary tightening is rattling markets...