Global Financial Stress Soars Most Since 2011 European Crisis
- Global Financial Stress Soars Most Since 2011 European Crisis
by Tyler Durden, www.zerohedge.com
After a relatively calm and stable three months, the last three days have seen Bank of America Merrill Lynch’s Global Financial Stress Index soar by the most since the middle of the European crisis in August 2011.
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The index, that tracks cross-market risk, hedging demand and investor flows has surged more than 90 percent in just three days… The last time the GFSI was rising at such a pace was August 2011, when this happened…
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