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Financial crisis must be averted as financial panic takes hold

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Financial crisis must be averted as financial panic takes hold

Edward Harrison
Mar 9, 2020
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Financial crisis must be averted as financial panic takes hold

pro.creditwritedowns.com

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

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