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“But it’s the inability of global stock markets and the U.S. housing market to absorb the Fed rate hikes that will lead to a downturn in the U.S. and therefore the global financial cycle.”
Warnings of Market Complacency Are Growing Louder
published Jul 16, 2018 4:13:20 PM, by Liz Capo McCormick and Lu Wang (Bloomberg) — A growing chorus of observers is saying that financial markets are too sanguine about the threat that a U.S.-instigated trade war poses to global output and asset values. The International Monetary Fund joined the fray
