Saxobank: “Be Warned” Of Delayed Market Reaction To “Escalation Of Global Turmoil”
by Tyler Durden
ZeroHedge.com
07/21/2014
The escalation of turmoil in the world is yet to play a role for the market, but be warned: everything economic has a delayed reaction of nine to twelve month – whenever there is an action there will be a reaction. If the present state of alertness continues through the summer you can bet on higher energy prices having a serious impact on not only world growth but also on markets. Simply put, Steen Jakobsen concludes, “prepare for less growth, less certainty and more geopolitical risk.”
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