Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP
Opinion
Opinion
Macroscope
Cause for jubilation is very much exaggerated as global markets are sleepwalking in unison toward a cliff’s edge. Here’s why
- The global economy has slowed to its lowest growth rate since the Global Financial crisis, yet is awash with liquidity and debt, both public and private
- Credit quality is sliding and the financial system is vulnerable
Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP