The World Is Now Teetering On The Brink Of Two Disastrous Outcomes
KingWorldNews.com
January 12, 2015
With oil plunging nearly $2.50 to $46.60 a barrel, and continued uncertainty in global markets, today one of the greats in the business told King World News that the world is now teetering on the brink of two disastrous outcomes. He also discussed how these disastrous outcomes will impact global markets.
James Turk: “The economic outlook over here in Europe, Eric, is a lot more realistic than it is in the US. This disparity is clear from the following chart of three stock market indices: S&P 500, FTSE 100 and CAC 40. There is an eye-popping divergence between the latter two, which are rolling over, and the S&P 500, which remains in an uptrend (see chart below).
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