Is The Global House Of Cards Finally Going To Collapse?
KingWorldNews.com
Sept. 29, 2015
With fear beginning to spread across world markets, today King World News is featuring a powerful interview that answers the all-important question: Is the global house of cards finally going to collapse?
September 29 (King World News) – James Turk: “Markets are always testing our suppositions about them, Eric, proving whether we are right or wrong. And right now two key markets are at a major turning point — stocks and the dollar…
“These two markets are of course inextricably interrelated. We price the Dow Jones, S&P 500, and, for that matter, every individual stock in terms of the dollar. The dollar is the measuring stick by which market participants state their individual subjective view of the value of every stock. But valuations are less important now than the need for liquidity.
Because of all the leveraged bets, investors have had to sell stocks to keep their heads above water. But with prices in Asia heading lower to begin this week, a global slide in prices is the result.
It is noteworthy that the dollar fell yesterday along with the stock market. We are seeing a rush for liquidity as stocks head lower, but yesterday’s weakness shows that the dollar is losing its position as the currency of choice.
The Tide Is Rolling Out
The Rest…HERE
