Market rout has more to do with end of cheap funding than U.S. economy
The meltdown in world equity markets in recent days is more reflective of a wind-down of carry trades used by investors to juice their bets than a hard and fast shift in the U.S. economic outlook, analysts say. While Friday’s (August 2, 2024) weaker-than-expected U.S. jobs data was the catalyst for the market sell-off, with … Read more
