• Virus Spread Exposes Fragility Of Global Markets

    January 26, 2020
    1 Comment
    Virus Spread Exposes Fragility Of Global Markets

    As the numbers of infected and dead soar exponentially this weekend, with the deadly coronavirus spreading to multiple nations and seemingly very much not "contained," early trading in markets suggest, as Bloomberg macro strategist Mark Cudmore details below, that this 'black swan' event is exposing the fragilities, and vulnerability, of financial markets that long ago de-tethered from any fundamental underpinning.

    And Aussie fell to six-week lows.

    Markets are driven by narratives, and the virus outbreak that has now spread in four continents is finding investors at a particularly vulnerable time, with valuations in many risk assets arguably stretched and volatility near record lows...

    To read more visit Zero Hedge.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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