| « Federal Air Marshal Whistleblowers Report Tulsi Gabbard Actively Under Surveillance Via Quiet Skies Program | UK civil war ‘inevitable’ – Musk » |
Apocalypse now or later? What the stock market collapse means and what the Fed fears most
Link: https://www.rt.com/business/602204-stock-market-crash-apocalypse/
The American economy is too financialized to withstand any sustained drop in asset prices. It’s carnage out there in the markets, and things have been moving with the force of a tsunami. Japan’s Nikkei 225 plunged more than 12% on Monday in what was the biggest single-day drop since ‘Black Monday’ in 1987. As of this writing, the Dow has dropped some 1,000 points, while the Nasdaq has cratered nearly 4% in what has turned out to be a global market rout. The triggers for the selloff are clear enough and have been well covered in the financial media. Friday’s disappointing US jobs report ignited fears of a US recession. The once-hot but overly leveraged and overhyped AI trade has gone sour, which has led to a bloodbath for tech stocks.
No feedback yet
