High volatility in global financial markets has even seasoned players
looking askance. The world hung on tenterhooks waiting for the US to
raise its debt ceiling, only to find those inside the credit ratings
agencies were unimpressed by the outcome. Then, the markets crashed and
the rollercoaster continued. Debt-ridden Europe is still reeling,
there's even uncertainty around China. But optimists in resource-rich
Australia are holding on tight. Predicting what's next is tricky as the
world's financial markets are more integrated these days. However,
according to Australian School of Business finance professor Ron
Masulis, the question is not whether a slowdown is expected, but just
how serious and how long will it be?