Folks,
I'm a novice at this. I am aware of the interlinked nature of each countries finances and subsequent markets responses, and after ripples.
Ray Dalio points out the US economy being way over inflated, interest rates still low, still feeling benenfits of quantiative easing and the huge degree of leveraging/debt. He suggests recession in 2 years.
Due to Brexit in UK, its thought that the UKs economy will be a bit of disaster for the foreseeable. Could a poor UK economy spread and trigger a larger correction (which is due), or UK just to small to be an issue?
Baz
Recall Northern Rock 11 years ago. Nothing is too small to cause a ripple effect...
However, remember every year there is a crisis. Terrorism, natural disasters, government debt bailouts (Greece, Italy, Spain etc), deflation (Japan), huge debt to GDP ratios (China) and we haven't even started with the negative real wage growth experienced by much of the US for the last few decades.
The one constant in all this is that global markets always recover and reach new highs. The next crisis will be triggered by something very few people could predict and fewer still predict the timing of.
Just relax, have a beer, and carry on with life.