Satyajit Das, Columnist

Five Doom Loops to Navigate in 2019

Be prepared for the appearance of negative feedback cycles in markets as global monetary stimulus is withdrawn.

January 1, 2019 at 11:00 PM UTC

By Satyajit Das

Satyajit Das is a former banker and the author, most recently, of "A Banquet of Consequences."

Authorities could find it difficult to break these self-reinforcing dynamics.
Photographer: Franck Fife/AFP/Getty Images

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

As the great unwind of global monetary stimulus gains momentum, markets are at increased risk of experiencing doom loops. Investors need to be prepared for these downward spirals, where shocks set off a self-perpetuating sequence of disruptions.

There are five doom loops that feed each other in a financial crisis.