Traders feel the pressure on the floor of the New York Stock Exchange on September 13. Photo: Reuters
Traders feel the pressure on the floor of the New York Stock Exchange on September 13. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Global recession fears and collapse in confidence could turn the dash for cash into a stampede

  • Investors are running for cover as recession beckons, inflation and interest rates rise and global economic confidence withers
  • Despite many turning to the US dollar as a safe haven, the continued rise in interest rates suggests cash will soon be king

Traders feel the pressure on the floor of the New York Stock Exchange on September 13. Photo: Reuters
Traders feel the pressure on the floor of the New York Stock Exchange on September 13. Photo: Reuters
READ FULL ARTICLE