There are at least three separate storms looming to end the party for global risk assets. Some large lenders have proposed a moratorium for emerging market debt in the event of disaster, irrespective of whether it’s natural, geopolitical, or economic.

Silver prices touched an all-time high near $53 an ounce, as a historic short squeeze in London added momentum to a rally that’s been fueled by surging demand for safe-haven assets.
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