Storm clouds gather over the Hong Kong skyline. Our columnist says there is no shortage of risk events which could sour the feel-good factor for financial markets. Britain and Europe are spiralling towards a hard landing over Brexit; Catalan independence demands will be no cake-walk for political stability in Europe; while the threat of military conflict between America and North Korea is still an unquantifiable risk for global markets. Photo: Felix Wong
David Brown
Opinion

Opinion

Macroscope by David Brown

Calm before the storm? Major central banks must act fast to prevent another global crash

Policymakers in the ‘Group of Seven’ nations continue to throw caution to the wind – but not before investors have had their fill of booming stock, credit and bond markets

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Storm clouds gather over the Hong Kong skyline. Our columnist says there is no shortage of risk events which could sour the feel-good factor for financial markets. Britain and Europe are spiralling towards a hard landing over Brexit; Catalan independence demands will be no cake-walk for political stability in Europe; while the threat of military conflict between America and North Korea is still an unquantifiable risk for global markets. Photo: Felix Wong
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