UWM - Tightening Financial Conditions May Expose Untested Markets
By Barrington Pitt Miller
Equity analyst Barrington Pitt Miller explains how a vulnerable market infrastructure may lead to a liquidity crunch with dire consequences in key markets.
Recent market volatility illustrates that investors are processing an array of risks. Among these are shrinking central bank balance sheets, uncertainty surrounding interest rate levels and potentially slower global growth brought on, in part by the ongoing U.S.-China trade dispute, a potential endgame for Brexit and a weakening eurozone economy. While these issues have garnered significant attention recently, we believe that an underappreciated risk to the economy that