Rupert Murdoch warns we’re on the brink of a ‘major global crisis’
GREG MCKENNA, BUSINESS INSIDER AUSTRALIA
BusinessInsider.com
Aug. 21, 2015
Markets have been in a funk the past few days.
The S&P lost 2.1%, on Thursday, followed by China’s Shanghai Composite plunging 4.3% on Friday. Markets across Europe continue to tumble. Traders are seemingly now so worried that even gold managed to find some buyers, rising back above $1,150 an ounce.
It’s a fractured time on the markets and in the global economy, and it has many traders and investors worried.
But News Corp boss Rupert Murdoch has summed up just how precarious markets and the economy are at the moment in just two tweets on Friday.
Murdoch warned it’s not just stock prices that are falling and suggested we might be on the edge of another global crisis. He also said that central banks would have precious little ammunition if the world heads into recession.
Recession, crisis … he’s clearly very worried.
The Rest…HERE
