Today was an exciting day for global markets. Below you’ll find a recap of today’s most important news. We are not anywhere near out of the woods, yet. In fact I think equity markets are bound to get much worse.
Global equity markets are tumbling:
Banks are getting hit the hardest:
Many EU banks have serious liquidity problems:
The yield curve is flattening, which usually happens before it inverts, signaling a potentially deep recession:
Protests in NYC are spreading:
And more protests are being planned:
I’ll have more posted as I digest and research the events that are transpiring in global markets.