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

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

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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

Anthony Rowley

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Published: 12:00pm, 14 Apr, 2019

Updated: 10:10pm, 14 Apr, 2019

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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

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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

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

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