A turn for the worse - oil plunge sparks Black Monday
Tuesday 10th March 2020 There has been a massive fall in oil prices, as bond yields fall further to new lows, whilst the US dollar has lost more ground and equities fall further, even causing trading to cease for a while in New York. The week hasn’t got off to a good start. So, what will cause things to turn around? NAB’s Rodrigo Catril suggests regions that will do well will be those where there’s a coordinated response from governments and the central bank. But, Phil Dobbie asks, if the response isn’t far-reaching enough could we be on the verge of GFC number two?