A baby polar bear looks around a zoo enclosure in Germany. Eight of the last 10 bear markets in the US were associated with recessions. The next one should not be catastrophic, given the current economic climate. Photo: EPA A baby polar bear looks around a zoo enclosure in Germany. Eight of the last 10 bear markets in the US were associated with recessions. The next one should not be catastrophic, given the current economic climate. Photo: EPA
A baby polar bear looks around a zoo enclosure in Germany. Eight of the last 10 bear markets in the US were associated with recessions. The next one should not be catastrophic, given the current economic climate. Photo: EPA
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

The next bear market is coming, but it should be less fierce than the last downturn

Tai Hui says the global economy is showing decent momentum, and the US economy has become more stable. The next recession is more likely to resemble the mild ones of 1990 and 2001 than the 2008 monster

A baby polar bear looks around a zoo enclosure in Germany. Eight of the last 10 bear markets in the US were associated with recessions. The next one should not be catastrophic, given the current economic climate. Photo: EPA A baby polar bear looks around a zoo enclosure in Germany. Eight of the last 10 bear markets in the US were associated with recessions. The next one should not be catastrophic, given the current economic climate. Photo: EPA
A baby polar bear looks around a zoo enclosure in Germany. Eight of the last 10 bear markets in the US were associated with recessions. The next one should not be catastrophic, given the current economic climate. Photo: EPA
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Tai Hui

Tai Hui

Tai Hui is chief market strategist for the Asia-Pacific at JP Morgan Asset Management. Based in Hong Kong, he formulates and disseminates the company's view on the market, economy and investing to financial advisers and investors in Asia. He regularly appears on international and local financial media, including as a guest host on CNBC Asia, as well as Bloomberg TV and Reuters TV.