Cazenove's Jeffrey: What threats lurk in the shadows for the global economy?

Cazenove Capital CIO Richard Jeffrey asks what investors can learn from a turbulent few days for world stockmarkets.

Market corrections of the nature we are currently experiencing always prompt the question ‘Is there something we are not seeing?' Is there something lurking in the shadows of the world economy that represents a significant, but to date unrecognised, threat? It would take a brave person to assert that this is absolutely not the case. However, if we reverse engineer what is currently happening in financial markets, we do not arrive at a picture of the world economy that we think tallies with sharp declines, almost across the board, in equity prices. How investors responded to global mar...