The CS Espionage Scandal, Japan’s Bond Nightmare and Norway’s SWF

The CS Espionage Scandal, Japan’s Bond Nightmare and Norway’s SWF

Written by: PaxForex analytics dept - Tuesday, 01 October 2019 0 comments

Three unrelated events, but yet related to the slowdown in the global economy. Times are about to get more turbulent as the three events indicate. The global economic slowdown is in full swing, the trade war between the US and China may only be the tip of the iceberg with plenty of other developments giving reason to take a second look at asset allocation. The Espionage scandal surround Credit Suisse is still unfolding, Japan just completed the worst bond sale in three years as central bank buying was absent and Norway withdrew almost $400 from its sovereign wealth fund without giving a reason.