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08-17-2015, 12:54 AM
(This post was last modified: 08-17-2015, 12:58 AM by esholars.
Edit Reason: add more info
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bank, burst, (bad news for all of us.)
Doomsday clock for global market crash strikes one minute to midnight as central banks lose control
By John Ficenec
8:00PM BST 16 Aug 2015
4 - Dominoes begin to fall
The great props to the world economy are now beginning to fall. China is going into reverse. And the emerging markets that consumed so many of our products are crippled by currency devaluation. The famed Brics of Brazil, Russia, India, China and South Africa, to whom the West was supposed to pass on the torch of economic growth, are in varying states of disarray.
The central banks are rapidly losing control. The Chinese stock market has already crashed and disaster was only averted by the government buying billions of shares. Stock markets in Greece are in turmoil as the economy grinds to a halt and the country flirts with ejection from the eurozone.
read the comment on instpundit: http://pjmedia.com/instapundit/212701/#respond
Doomsday clock for global market crash strikes one minute to midnight as central banks lose control
By John Ficenec
8:00PM BST 16 Aug 2015
4 - Dominoes begin to fall
The great props to the world economy are now beginning to fall. China is going into reverse. And the emerging markets that consumed so many of our products are crippled by currency devaluation. The famed Brics of Brazil, Russia, India, China and South Africa, to whom the West was supposed to pass on the torch of economic growth, are in varying states of disarray.
The central banks are rapidly losing control. The Chinese stock market has already crashed and disaster was only averted by the government buying billions of shares. Stock markets in Greece are in turmoil as the economy grinds to a halt and the country flirts with ejection from the eurozone.
read the comment on instpundit: http://pjmedia.com/instapundit/212701/#respond