Are markets running scared?
NAB Morning Call
00:00
Is There a Risk of More Outflows in Equity Markets?
The average decline in equities was around 37 said, right sol. There's a sign that it could actually go much lower. And we're not seeing this demand destruction happening yet because people afe borrowing. We saw in friday in the united states, are quite a rise ind consumer credit,. As though consumers were funding these rising prices through borrowing, rather than changing their consumption. It else i probably goes to illustrate that the accumulated savings a a lot of people talk t probably has a very uneven distribution, and was probably distributed more towards the top in market.
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