A trader reacts at the New York Stock Exchange on March 9. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite Index all notched up their worst daily declines in years over concerns of a possible oil price war and economic slowdown resulting from the coronavirus. Photo: Xinhua
Andy Xie
Opinion

Opinion

The View by Andy Xie

Three ways the coronavirus could trigger a global financial crisis – and why central bankers are to blame

  • Heavily leveraged tourism-related companies such as airlines, the commercial real estate sector and the residential property market are all vulnerable pressure points
  • Cutting interest rates will not help these sectors, but it will boost speculation

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A trader reacts at the New York Stock Exchange on March 9. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite Index all notched up their worst daily declines in years over concerns of a possible oil price war and economic slowdown resulting from the coronavirus. Photo: Xinhua
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