Compare the ‘big tumble’ to the level at the beginning of the ‘pandemic’ in early 2020 — this decline is nothing compared to the Fed-fueled gains since then, all during a time when the economy was supposedly collapsing due to COVID.
Sri lanka, The nation of 22 million is grappling with a devastating economic crisis, with prices of everyday goods soaring.(mass rioting and burning politicians homes, with firebomb attacks on government buildings)
America’s inflation is overflowing to the rest of the world, which will cause massive turmoil. India will be next.
Stocks aren’t the feds biggest worry.
House prices are their greatest concern. If America’s see their homes drop in value they’ll curtail spending , which will send the entire economy into a downward spiral, pullng stocks into the vortex.
This will affect housing in all Anglophone nations, oz, nz, uk, the red hot market in canuckistan.