Tough markets: we've been here before

Financial boffin Tobias Levkovich's global measure for market euphoria is flashing panic. (Image: Getty)

Sat, 01 Oct 2022

Rising interest rates.The war in Ukraine.A collapsing New Zealand dollar.Recession.Low business confidence.Low consumer confidence.Poor government rating by business. The headlines can be all-consuming. It may be surprising to many watching their investments and KiwiSaver funds wallow, but the global economy, bond and share markets have been here before and, as the famous saying by Mark Twain goes: “History never repeats itself, but it often does rhyme." For those of us with long enough memories, one period that com...

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