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By Tom Elliott Vice President Market Strategist JP Morgan Assett Management |
The root cause of the current market sell off is the continued deleveraging of governments, households and banks that began with the credit crunch. This has escalated due to fears that US/global growth is stalling. This week's market falls reflect a greater recognition of the deleveraging problem following the end of QE2 in June and the renewed sovereign debt issues in the eurozone and US, which have been accentuated by thin August trading. To view the full Market Insight please click on the link below
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