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Rubrics Asset Management: Macro Research “Where Have the Economic Unicorns Gone?”

In financial terms, a unicorn refers to a start-up company that has a valuation of a billion dollars or more and is privately owned. The number of unicorns created has increased rapidly year on year since 2013, when the term was first coined. More generally the term is synonymous with optimism.  From an economics standpoint, Rubrics Asset Management notes a distinct lack of optimism in the first half of 2019, with numerous factors leaving the financial markets unstable. Central Bank...

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