Plunging oil prices have economists scratching their heads while they watch the global stocks enter into a bear market.
On Wednesday, we learned that the MSCI All-Country World Index has fallen a total of more than 20 percent from the peak of the market. So that means that roughly one-fifth of all the stock market wealth in the entire world has already been wiped out.
Does this mean we are headed for a second 2008 crash? Spend any time online and you’ll realize that the consensus is: nobody knows.
This week’s downturn shares little in common with the market crash 8 years ago but brings with it unique problems that effect some key players in the global economy.
banksterbubble.com went on to state:
As bad as things are in the U.S. right now, the truth is that we still have a long way to go to catch up with the rest of the planet. Around the world, many major stock indexes are already down more than 30 or 40 percent. Overall, the MSCI All-Country World Index is now down 20 percent…
Experience the full market chaos here.