Global finance executives warn of 2006 parallels

Global finance executives warned of parallels between today’s soaring stock markets and the froth of the pre-crisis years as they said investors could be wrong-footed by central banks raising interest rates, writes Gavin Finch and Stephen Morris.

Global finance executives warned of parallels between today’s soaring stock markets and the froth of the pre-crisis years as they said investors could be wrong-footed by central banks raising interest rates, writes Gavin Finch and Stephen Morris.

As the World Economic Forum’s annual meeting got underway in Davos in Switzerland, the leaders of Barclays, Citigroup, and the Carlyle Group all fretted that the strongest global economy since 2011 was leaving financial markets complacent. Equities worldwide are already up more than €2.45 trillion this year.