For subscribers
Is the US riskier than emerging markets?
Sign up now: Get ST's newsletters delivered to your inbox
The US stock market has largely rebounded since late April, and that may be masking an unpleasant reality.
PHOTO: PETER AND MARIA HOEY/NYTIMES
Jeff Sommer
Follow topic:
People living in the United States and using mainly dollars in their personal lives may not fully appreciate the combination of shocks that have unnerved investors elsewhere in the world.
The first half of the year was a game changer for investors in Europe, Japan and many other countries for whom the instability of the US financial markets was a seismic event.
