SaxoTV
We may be heading for another financial crisis but don't blame China
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On Monday the world witnessed billions of dollars being wiped off global markets as everything from equities to bonds were sold. But Saxo's Simon Fasdal doesn't believe China was the real cause. He thinks the very violent intraday moves were sparked by big funds unloading risk at the same time, because they are all following the same risk model.
In this video, Fasdal warns that nobody knows exactly how many asset managers are using this model. He says that there is potential for it to become a self-propelled volatility creator which could escalate into a global financial disaster.