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Goldman Sachs Chief Macro Researcher: "Liquidity narrative" drives everything, the decline of the dollar is strikingly similar to the "1970s", with the risk of a repeat of 1979.

Goldman Sachs Chief Macro Researcher: "Liquidity narrative" drives everything, the decline of the dollar is strikingly similar to the "1970s", with the risk of a repeat of 1979.

``` Goldman Sachs Chief Macro Researcher Paolo Schiavone warns that the current market is replaying the 1970s pattern: the ongoing devaluation of the dollar against physical assets, weakened trust in government debt by central banks, and the dominance of the “liquidity narrative” all recall the scenario before the collapse of the
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