Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- $9 Trillion wiped from World Stocks in 3Q
- Analysts at BofA liken it to going “Cold Turkey” and blame it for causing the third “Great Bond Bear Market.”
- They calculate the 20% plus losses suffered by government debt investors over the last year are now a par with the post-World War I and II years of 1920 and 1949, and the Great Depression rout of 1931.
- The combined collapse in global stock and bond markets means global market capitalization has been slashed by over $46 trillion
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