In turbulent times, it is a human trader who makes the discretionary call as to whether to turn off the trading model if it has not already ceased trading.
One of these developments is characterised by the fact that the problems emerging in the third quarter are still having an impact. An end to the necessary adjustments in the US real estate market is still not in sight, for example. If anything, the incidence of defaults on variable-interest mortgage loans is likely to grow further.