Life as a financial journalist can often be confusing.
Sitting across the desk from one senior investment banker in the City of London in March things look pretty good.
“There is a relative dearth of things to be worried about,” he beams. “We have gone from event to event one after the other and have had the market conclude that each event is a non-event.”
Then things take a somewhat metaphysical turn. “If an event occurs and nothing happens in any financial indicator anywhere in the world, then it was not an event,” he declares.
After a calm, event-free ride to Canary Wharf, Euromoney then catches up with Citi’s global head of credit products strategy, Matt King, and a very different conversation is had.
“There is a great deal to be worried about,” he warns.
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