Simon Nixon / ASR in the Times, on global financial risks

6th OCT. 2022

Simon Nixon notes that these risks should “hardly come as a surprise. As Ian Harnett and David Bowers of ASR have long been warning, every US interest rate tightening cycle in the past 50 years has ended in a financial crisis.”  

“They include the 1970s secondary banking crisis, the 1980s Latin American debt crisis, the 1990s emerging market crisis and the dot-com bust of the early Noughties…” 

“what happened in Britain over the past two weeks has served as a powerful reminder to the rest of the world that global financial risks are rising and the risk of a serious financial crisis cannot be ruled out…”