Global markets appear to have stabilised at the end of a week which began with a nasty bout of volatility. But is the selling in equities over or will fears about the US economy and an unwinding carry trade trigger more pain for investors?  Deputy Chief North America Economist Stephen Brown and Jonas Goltermann, Capital Economics’ Deputy Chief Markets Economist, talk to David Wilder about a dramatic few days in global markets and what to expect in the coming weeks and months. In this 23-minute show they address key issues, including: Whether fears about a US economic recession are justified; If the coming week’s US data releases could trigger more selling;Whether volatility will settle back to pre-sell-off levels;How much an unwinding carry trade is driving volatility;Why we aren’t changing our bullish US equities forecasts. Referenced in this episode: Key Issues: A volatile summer for financial marketsData: US Scenarios dashboardData: Financial Conditions IndicesCapital Daily: Taking stock of the recent market turmoilCapital Daily: Is the yen’s rally – and all that went with it – over?Capital Daily: What to make of turnaround Tuesday in Tokyo