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This is a test of the old regime. It is the first time where we have seen growth fears trump the prospect of more liquidity, as interest-rate hike expectations get pushed back, the multiples we are being asked to pay for equities are increasingly out of step with the growth outlook.

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    Quiz

    Are you a quotes master?

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    In which cartoon does this quote appear: "Rule number three, I can't bring people back from the dead. It's not a pretty picture. I don't like doing it!"?
    A The Jungle Book
    B Aladdin
    C Alice in Wonderland
    D Ice Age