On Monday, Wall Street suffered its sharpest losses since August 2011, helping wipe US$1.4 trillion from the value of global stock markets. Photo: AP On Monday, Wall Street suffered its sharpest losses since August 2011, helping wipe US$1.4 trillion from the value of global stock markets. Photo: AP
On Monday, Wall Street suffered its sharpest losses since August 2011, helping wipe US$1.4 trillion from the value of global stock markets. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

The good, the bad and the ugly … why the calm in stock markets is over

So concerned have markets become about an inflation-induced tightening in monetary policy that stronger growth is now perceived as a threat. This is preposterous

On Monday, Wall Street suffered its sharpest losses since August 2011, helping wipe US$1.4 trillion from the value of global stock markets. Photo: AP On Monday, Wall Street suffered its sharpest losses since August 2011, helping wipe US$1.4 trillion from the value of global stock markets. Photo: AP
On Monday, Wall Street suffered its sharpest losses since August 2011, helping wipe US$1.4 trillion from the value of global stock markets. Photo: AP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.