EconChick
Gold Member
- Feb 15, 2014
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The sharp drop in oil prices is a reflection of a weak global economy. Keynesian leaders around the globe are seeing results of their big spending policies and demand around the globe continues to drop. The sharp drop in oil also comes at a time of rising global tensions. IS militants are causing havoc in the Middle East, while deteriorating relations between Russia and the West have triggered something akin to a new Cold War.
The short selloff in the US stock market Wednesday was followed by a fierce selloff in Asia on Thursday, led by Tokyo, with investors worried that economic slowdown in China, Europe and Japan is now hitting the United States.
Spectre of eurozone crisis returns stocks plunge - Yahoo7 Finance Australia
The short selloff in the US stock market Wednesday was followed by a fierce selloff in Asia on Thursday, led by Tokyo, with investors worried that economic slowdown in China, Europe and Japan is now hitting the United States.
Spectre of eurozone crisis returns stocks plunge - Yahoo7 Finance Australia