Wednesday, September 30, 2015

Global Wealth Destruction: World Market Cap Plunges $13 Trillion

Global Wealth Destruction: World Market Cap Plunges $13 Trillion

Loss hits two-year low

Global Wealth Destruction: World Market Cap Plunges $13 Trillion
by Zero Hedge | September 30, 2015

Since the start of June, global equity markets have lost over $13 trillion.

(The last time global market dropped this much – Bernanke unleashed QE2)

World market capitalization has fallen back below $60 trillion for the first time since February 2014 as it appears the world’s central planners’ print-or-die policy to create wealth (and in some magical thinking – economic growth) has failed – and failed dramatically.

To rub more salt in the wounds of monetray policy mumbo-jumbo, despite endless rate cuts and balance sheet expansion around the world, the last 4 months have seen an 18% collapse – the largest since Lehman.
It appears “Wealth” creation is just as transitory as The Fed thinks every other outlier is.

http://www.infowars.com/global-wealth-destruction-world-market-cap-plunges-13-trillion/
 

1 comment:

  1. FYI Jacob Rothschild 's family is worth 500 Trillion dollars..........have him bail out the markets and everything else..................!

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