Episode Details
Back to Episodes
UBS On-Air: Paul Donovan Daily Audio 'Equity volatility, economists’ indifference'
Published 1 month, 4 weeks ago
Description
Technology equities exhibited some volatility overnight (South Korea’s markets falling quite noticeably). This is not caused by shifting economic expectations, allowing economists to exhibit indifference. It is too soon to be talking about wealth effects, and for now, consumers’ desire to consume should outweigh any consequences of market volatility.