$9 Trillion wiped out in 3rd Quarter compares to WWI

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • $9 Trillion wiped from World Stocks in 3Q
  • Analysts at BofA liken it to going “Cold Turkey” and blame it for causing the third “Great Bond Bear Market.”
  • They calculate the 20% plus losses suffered by government debt investors over the last year are now a par with the post-World War I and II years of 1920 and 1949, and the Great Depression rout of 1931.
  • The combined collapse in global stock and bond markets means global market capitalization has been slashed by over $46 trillion

Read the original article by clicking here.

Leave a Reply