It seems that a new cold war has started or should I call it a eWar.
The foreign exchange, the stock market and the bond market are all under heavy pressure.
In fact "pressure" is a pretty weak word to describe what is currently happening in those front.
The stock market has lost about 60% in 3 months. It is currently in free fall. The trading has been halted two days in a row as the panic is holding.
So that was one of the risk I highlighted for the Finnish economy. Should the Baltics and Russia falters, then economical tsunami will abate whatever actions some politicans will do.
The US might enter into depression while the UK and Germany are entering a recession. China is cutting rate in order to cool, not the market, but the social tension that will rise in the quarter to come.
I will be positive...at some point...but to be positive now, it's like playing Russian roulette, you might be fine or might not be, for the moment it's luck.
But I promise you will be the first to hear when time become more positive - it's a deal.