I was sitting and writing something about the timing of the coming collapse when I noticed an article in Bloomberg that covers the same topic in a good way.
For those of you that don’t talk ‘economic’ this isn’t a positive outlook and since they don’t mention several of the worse declining numbers I’ve been focusing on, you can probably imagine how bad things are right now.
Media don’t tell you the truth, they are giving you the cliff-notes often of the positive variety, so I’m kind of happy every time I find something close to reality.
Check it out here: Bloomberg
A taste:
The MSCI World Index of 23 developed markets sank 2.4 percent, the most since Oct. 1, while the Standard & Poor’s 500 Index fell 2.4 percent at 2:31 p.m. in New York and benchmark equity indexes for Brazil, Portugal and Spain plummeted the most in at least 11 months. Oil lost 5 percent, the biggest drop in six months, and gold tumbled the most since 2008 as a stronger dollar curbed demand for commodities as alternative investments. The euro sank 1 percent to $1.3759, the lowest since May 21.
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