The even wilder volatility of Asian markets this week will push two issues to the analytical radar screen:

The even wilder volatility of Asian markets this week will push two issues to the analytical radar screen: How large and fragile is the degree of financial leverage in key Asian markets such as Korea and Japan; and Are the contagion risks limited to financial markets, or could there also be an economic component? Pending further data and analysis, my sense is that leverage is considerable and the contagion risk is more financial than economic. #economy #markets — via @elerianm

Wild volatility in Asian markets highlights leverage and contagion risks.