INVESTORS' INSIGHTS COMMENTS
" BIG Market Warning"
What's different this time too is that suddenly the once cash-rich oil-producing countries are heading for dior straits and they could be crippled financially by the fall in prices and demand volumes. The fact that Saudi Arabia, the world's largest oil producer is out raising money with new bond issues tells us a story of revenues that are now insufficient to cover its government's on-going expenditures. The implications of this are vast and frightening because risks regarding economic, social and political volatility rise dramatically. Much more could be said as to where this might lead -
It all ends badly.
To sum up., what has transpired over the past four weeks is a metaphorical domino -effect on global stock markets, and then related economies. Industrial production is now slumping ,while consumer confidence is dropping like a stone in key economies. Most nations are urgently reaching into their bag of " stimulus gadgets" hoping - AGAIN - to ward off the inevitable wreckage .
At this point, their tricks are unlikely to pull a rabbit-out- of- the -hat, any time soon....