Advertisement Banking & finance Opinion World Opinion Anthony Rowley Macroscope | The cause of the next global market crash is hiding in plain sight Markets have so far shrugged off wars and trade conflicts, but the rapid rise of already massive debt should alarm investors 3 -MIN READ 3 -MIN Anthony Rowley Published: 4:30pm, 7 Mar 2026 If financial markets can survive the United States’ war on Iran and Russia’s war against Ukraine , does this mean that financial crashes have become a thing of the past? Or have markets just not grasped the true nature of the current threats to the financial system? The latter is almost certainly the case, as former Goldman Sachs CEO Lloyd Blankfein suggested when he said in a recent Financial Times interview that people had “got more complacent” about financial risks since the 2008 crisis. It is true that equity markets around the world have shown resilience so far through both US President Donald Trump’s trade wars and kinetic wars. But Blankfein’s
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The cause of the next global market crash is hiding in plain sight
The cause of the next global market crash is hiding in plain sight