A trader on the floor of the New York Stock Exchange on August 13. So much hangs upon the wealth effect and inflated asset values created by the equity bull market. Photo: AP
Opinion
Opinion
Macroscope
A stock market correction – long overdue – will tip the global economy into a perfect storm
- A flurry of mergers and acquisitions amid falling trade investment and business confidence suggest an imminent stock market correction, even as distracted world leaders fail to pay attention to a global economy ravaged by trade wars
A trader on the floor of the New York Stock Exchange on August 13. So much hangs upon the wealth effect and inflated asset values created by the equity bull market. Photo: AP