Global financial risk: 1x JPEG = 1k wordcount
The VIX Index is the nearest thing we have to a global Geiger-counter of financial risk. This is how it's trending since the Eurozone crisis kicked off. I'll be blogging more on this and covering the slide on the financial markets later. For now I leave you with the following thought: the VIX is nowhere near the highs it reached after the TARP failed and global contagion took off. But it is higher than it was on the day Lehman collapsed. Discuss.