A demonstrator holds a placard during a march in central London, March 28, 2009. The current excesses and complacency in markets, suggests Nicholas Spiro, are “eerily reminiscent” of the danger signals leading up to the credit crunch. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Are investors sleepwalking into another major financial crisis?

‘Only when the tide goes out do you discover who has been swimming naked’... so said Warren Buffett, who is avoiding buying equities as US stocks hit record highs

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A demonstrator holds a placard during a march in central London, March 28, 2009. The current excesses and complacency in markets, suggests Nicholas Spiro, are “eerily reminiscent” of the danger signals leading up to the credit crunch. Photo: AP
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