Doomsday clock for global market crash strikes one minute to midnight as central banks lose control
When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.
Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.
The FTSE 100 has now erased its gains for the year, but there are signs things could get a whole lot worse.
<Read More>
8-23
1:02 EST
Related:
China and Global Economy:
Fading Economy and Graft Crackdown Rattle China’s Leaders
The Global Economy Is Looking Very 1990s
The Global Economy Is Officially Melting Down (According to Alex Jones, that is)
Greece reverts back to a BARTER economy as global financial system unravels
Is having individual billionaires good or bad for a country's economy?
Lebanon Premier Warns of Economic Collapse Amid Political Crisis
The Dow has fallen 1300 points from its peak
The Shanghai composite fell by more than 11% this week (August 21, 2015)
Other:
South, North Korea begin second day of high-level talks after all-night session fails to resolve crisis
Rival Koreas restart talks, pull back from brink - for now
No comments:
Post a Comment