Panic Strikes After $6 Trillion Wipeout In Global Markets Has The World On The Edge Of Chaos
KingWorldNews.com
January 21, 2016
With a wild start to the 2016, today a legend in the business sent King World News a powerful piece about the $6 trillion wipeout in global markets and a world on the edge of chaos.
A World On The Edge Of Chaos
By John Ing, Maison Placements
January 22 (King World News) – There’s a whiff of the 1930s in the air. Global markets had their worst start ever. But the market is confusing coincidence with causation. In a déjà vu moment there are concerns that oil’s collapse is America’s next sub-prime disaster – after all, the big banks have healthy loan and derivative exposure. The other concern is about China’s stock market meltdown that after a 150 percent gain, somehow will trigger a global collapse. While pundits cite these factors in the panic, oil and China have been going down for months so the declines are nothing new or surprising…
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