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 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
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
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

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 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
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
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Anthony Rowley

Anthony Rowley

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