Are markets headed towards another financial crisis?
This year’s Davos World Economic Forum (WEF) comes at a time where equity and credit valuations look high, where we have “obvious” bubbles in cryptocurrencies, and where bond yields – perhaps an anchor for all financial asset valuations – finally seem to be moving higher. Global borrowing across governments, financial institutions, companies and households is at record levels. Can the global economy cope with higher interest rates? In this short video I talk to our CEO, Anne Richards, who has been talking on a panel at the Davos WEF on this very subject. Are we going to see another financial crisis?