People walk past the New York Stock Exchange on February 12. US stocks have rallied to an all-time high this month despite worries over sluggish economies in China and Europe and the coronavirus outbreak. Photo: Getty Images / AFP
Gary Biddle
Opinion

Opinion

Macroscope by Gary Biddle

If slowing growth, unsound financial systems and the coronavirus don’t trigger a market meltdown, central banks will

  • Both China and the US chose the wrong remedies for ailing economies in wake of the global financial crisis. Financial risks abound today, as they did in 2007
  • A decade of easy money has only compounded the problems. Central bankers know this, and may seek to mitigate the distorting effects of low interest rates
People walk past the New York Stock Exchange on February 12. US stocks have rallied to an all-time high this month despite worries over sluggish economies in China and Europe and the coronavirus outbreak. Photo: Getty Images / AFP
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