Excerpt
Excerpt
Fear is the Key in Volatile Markets. Kenneth Rogoff, March 14, 2016, Opinion. "The phenomenal market volatility of the past year owes much to genuine risks and uncertainties about factors such as Chinese growth, European banks, and the oil glut. For the first two months of this year, many investors were so panicked that even the United States, the world's most comforting growth story, was about to fall into recession. Indeed, among the experts who participate in the Wall Street Journal's monthly poll, 21 per cent believed a recession was around the corner." Link