Source: ALPIMA Ltd
It is interesting to look at the impact of Greece on risk gauges.
Our global risk indicator jumped 36% yesterday to levels not seen since February 10th this year - and it is little changed today so far.
The chart below puts this in perspective vs. previous flares such as the Dec 14 equity market correction, the Ebola panic in Oct 14 or the 2011 European banking crisis.
Clearly a flare, but not yet a fully fledged crisis according to global markets. Let’s see how the next few days unfold.