Breakingviews - Cox: Global finance has a Saudi Arabia problem

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Wall Street bosses and their European and Japanese peers are reconsidering next week’s “Davos in the Desert.” A coordinated pullout following Jamie Dimon’s withdrawal is their least-bad option, says rob1cox

 

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European stocks set for triple-digit losses as Wall Street sell-off grips global marketsEuropean stocks are set to open sharply lower on Thursday, as a sell-off in U.S. equities dragged down global markets. This could very well be a correction, but I also note that this is getting to be the longest economic expansion between recessions since 1850. A turn is coming because the business cycle controls all. Bankofisland Strap yourself in folks! The next four months are going to be very, very rough. If you have an exposure to the big 5 (Irl, Spain, Italy, Portugal, Greece) bonds, you might want to bring along a sick bag. You'll be needing it. 📊💵💶💷📉
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