Timeline of the crash

1997/1998 Asia/Russia
Margin Call
Central Banks/QE
Currency Cascade

Usd/Cny, Usd/Jpy, Fed, Boj & Exports

  • the currency cascade: countries are engaged in currency devaluations and have made unexpected economic moves. 
  • central bank activism reflects persistent concerns about economic growth.
  • the divergence of economic performance and monetary policy will lead to more volatility in currency markets called a currency cascade.

Liquidity, Bonds & The Stockmarket

FED, ECB & SNB Divergence