Financial crisis must be averted as financial panic takes hold
| Edward Harrison | Mar 9, 2020 | 3 |
We are now facing the potential for a severe financial crisis, with all asset markets showing major moves toward safe haven assets. What has precipitated panic is the Saudi oil price cut at the weekend because it has caused oil prices to plummet some 30% overnight and raised the spectre of a wave of defaults in the energy space. Some comments below