“In my mind, it’s always easier to do a sequel than an original” Steven Van Zandt
We are not even at the end of the first quarter of the year and global financial markets have racked up two bouts of significant volatility. Back in late January/early February the dominant fear was higher interest rates/bond yields as central bank stimulus programmes started to wane. In the last week or so, this has been augmented by a ratcheting up of concerns about global trade as proposed steel and aluminium tariffs from the US have threatened to lead to retaliatory actions from countries both in the European Union and Asia. Additional specific intellectual property protection concerns raised by the Americans towards their interactions with China just upped the tension.Continue reading