BBC NEWS | Business | Fear grips global stock markets
Things are not looking good.
If the global economy reaches a global recession - the consumer WILL feel it & it will not be pretty.
The stock market lost nearly £100 billion in UK shares today. That is fuckin insane.
1 more week of bad trading and we'll have out-done the 1980's situation and will be so fuckin close to the 1930's depression it's unreal.
What makes it worse is the combined global input to fight this is probably nearing 1 trillion dollars. If the shares can't survive the confidence boost 500-1000 billion dollars provides; then what the fuck will help?
Anywho - I'm surprised this isn't discussed more as we really are on the brink of economic chaos. Once banks stop lending properly; the economy will stop overnight literally. The financial industry is the pinnacle of economic society.
/Discuss
Things are not looking good.
If the global economy reaches a global recession - the consumer WILL feel it & it will not be pretty.
The stock market lost nearly £100 billion in UK shares today. That is fuckin insane.
1 more week of bad trading and we'll have out-done the 1980's situation and will be so fuckin close to the 1930's depression it's unreal.
What makes it worse is the combined global input to fight this is probably nearing 1 trillion dollars. If the shares can't survive the confidence boost 500-1000 billion dollars provides; then what the fuck will help?
Anywho - I'm surprised this isn't discussed more as we really are on the brink of economic chaos. Once banks stop lending properly; the economy will stop overnight literally. The financial industry is the pinnacle of economic society.
/Discuss