2008 Revisited?
Two dismal months for financial markets may give way to a relief rally for global equities, as some key central banks ease policy more, while others will remain on hold for longer. But repeated eruptions from seven sources of global tail risk will make the rest of this year a bad one for risk assets and anemic for global growth.
NEW YORK – The question I am asked most often nowadays is this: Are we back to 2008 and another global financial crisis and recession?