The U.S. Stock Market is plunging. Why?
Is this the beginning of Thom Hartmann's vision? He recently wrote the book The Crash of 2016: The Plot to Destroy America--and What We Can Do to Stop It . Is it time to take stock.
PARIS — The global market turmoil continued on Monday, as stocks fell sharply in the United States, Europe and Asia, led by another big sell-off in China. The Dow Jones industrial average dropped more than 1,000 points in the first minutes of trading.
Investors’ concerns over China’s economic slowdown and a souring view of emerging economies have rattled financial markets around the world in recent days, and showed no signs of letting up.
As the stock markets opened in the United States, the Standard & Poor’s 500-stock index and the Dow Jones industrial average plunged more than 5 percent. The Nasdaq was down more than 8 percent.
In China, the benchmark Shanghai composite index closed 8.5 percent lower, erasing all of the gains it had made in an extraordinary run-up this year. And in Europe, stocks fell sharply, with the main indexes down by 4 percent or more in the early afternoon. Continue reading at New York Times.