How prepared are you for a trading liquidity crisis? We all need to be aware of the risks and act accordingly, say both John Hardy, Saxo Bank's Head of Forex Strategy and Steen Jakobsen, the bank's Chief Economist.
John says it doesn't matter in which asset class you specialise in. What you often get, he says, is contagion across markets. Steen adds that central banks are only partly to blame for these tricky trading conditions and markets need to normalise as soon as possible.