Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP
Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

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 Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP
Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London