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…”
To read the full column, click HERE (Times subscription may be required).
ASR clients can read more in our Black Swan Alert: Systemic Risk Raises Problems for Global SIFIs from 3 October
To receive a copy as part of a free trial, kindly reply HERE