Wall Street plunges on fears of global recession
Removed
We should not underestimate the depth of the economic abyss. Certain stocks, like GE and Sprint have already fallen 90%. Macy’s has fallen 60%. Sears, Toys R Us, Deutch Bank and others have lost nearly all their value. This is in line with basic macroeconomics, and a general decline of the same magnitude surely must follow. The current situation, due to the 2008 fix of “quantitative easing”, resembles what should be called hyper-deflation.
I wrote a little more about this here:
Compártelo:
- Share on X (Opens in new window) X
- Share on Facebook (Opens in new window) Facebook
- Print (Opens in new window) Print
- Email a link to a friend (Opens in new window) Email
- Share on LinkedIn (Opens in new window) LinkedIn
- Share on Reddit (Opens in new window) Reddit
- Share on Tumblr (Opens in new window) Tumblr
- Share on Pinterest (Opens in new window) Pinterest
- Share on Telegram (Opens in new window) Telegram
- Share on WhatsApp (Opens in new window) WhatsApp
- Share on Mastodon (Opens in new window) Mastodon
- Share on Nextdoor (Opens in new window) Nextdoor
The RandomPoster33 Press Page 
Leave a comment