WoE: the world was ripe for a crisis, oil shocks and pandemic viruses made it worse

bne IntelliNews

Content provided by bne IntelliNews and Bne IntelliNews. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by bne IntelliNews and Bne IntelliNews or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

4+ y ago

MP3

Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on June 10, 2024 18:11 (24d ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

The oil price war that has broken out between Russia, Saudi Arabia and the US sent oil price tumbling this week. The fears of a global coronavirus pandemic has only made the collapse worse. But these things didn't cause the crisis. It only made them worse, argues Murray Gunn, an analyst with Elliott Wave, a consultancy that specialises in how societal moods affect asset valuations. The world was already ripe for a crunch as sentiment has been blackening over the last few years. “This is the collapse of a prolonged bull market. This is the start of something new,” says Gunn, who adds the crisis could last for months or even years. Sentiment was already bad before, but the double whammy of coronavirus and an oil price shock will only make things worse. Ben Aris, editor-in-chief of bne IntelliNews Murray Gunn, Head of Global Research at Elliott Wave International

123 episoade

#Business Trends #Business #Emerging Markets