.I think we better use a bit of a longer quote this time so that what the BBC wrote is clearer at a first glance on our site in this thread. We obviously don't know how messy this could get, of course. If we could do that kind of forecasting we'd be rich.
From BBC, first:
Wall Street shares slid sharply again on Thursday, compounding losses on the Dow Jones Industrial Average and S&P 500 which started last week.
The Dow Jones Industrial Average fell by more than 1,000 points for the second time this week, plunging 4.15% to 23,860.
The S&P 500 dropped 100.6 points or 3.75% to 2,581, while the Nasdaq slid 274.8 points or 3.9% to 6,777.1.
The moves follow a day of losses on all key European exchanges.
The 100 share index in London closed down 1.49% at 7,170.69 points. Germany and France fell 2.6% and 2% respectively.
The dive extends a sell-off that started last week, as investors started to worry that inflation might rise more quickly than expected, leading policymakers to raise interest rates.
On Thursday, the Bank of England seemed to offer support for that view.
The bank left interest rates where they were at 0.5% at its meeting, but said a strengthening economy meant interest rates were likely to rise sooner than the markets were expecting.
More to read on their site. Link below.
Link:
http://www.bbc.com/news/business-42991310So the picture is not clear whether we might be seeing the beginning of a big headache for some leaders around the world.
That lady in Germany might have made her political deal with the other political parties just in time to then turn around and devote time to fixing economic problems. Except it is the money people, lenders and such, that control those things. And control the leaders.
Be clear on that, everyone, the bankers run the world, not the political leaders. That is unless a banker becomes a head of state, but no smart banker would take a cut in salary to do that, would he/she?
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