Markets are convulsed with the geopolitical game in the Middle East and the weakness of the global economy. While the price of oil continues to decline and relations between Saudi Arabia and Iran reach a boiling point, North Korea launches a new nuclear bomb that installed the planet at a point of hatching. Apparently, it was not enough with a long crisis of seven years has left millions in unemployment but seeks more: finish and obliterate the entire planet.
The markets are in freefall realizing that all the fanfare of central banks was a mere sham to mask the imminent collapse. The world cannot continue as is and needs a change. However, each change administered by the financial dome is worse and so show the results: global unemployment increases and stagnation generalizes. While the World Bank says the economy will grow 2.7 percent in 2016, it seems a bitter joke when the global slowdown is at hand. Continue reading Markets in panic mode accelerate financial turmoil to global stagnation