The stock market regulator in France warning on the risks of high global debt to equities.
The Autorite des Marches Financiers in its annual report:
"The world has never been so indebted - even more than before the 2007 crisis. this debt has never been so risky
The number one risk for 2018 is a brutal correction of stock prices. Current valuation levels look high both by historical standards, and in fundamental terms across a whole range of indicators, starting with American equities. Any correction there would most likely spread to other stock markets."
So, not everyone in France is watching the Tour de France?
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