Dow Jones Plummets By More Than 530 Points–Wall Street NYSE Drops Like A Stone
August 22nd, 2015
Wall Street has incurred 2-days of brutal losses. Friday’s drop of more than 530 points follows Thursdays’ decline by more than 300 points on the Dow Jones index. The NYSE collapse parallels that of major bourses across the world.
The sudden crash in stock prices will undoubtedly send the various plunge protection teams of the world’s major central banks into action, seeking to reverse the sharp losses. In spite of what the central bankers do, they cannot much longer hide the fact that the world barely recovered from the global economic crisis that emerged in 2008, and the likelihood of a return to the Great Recession has grown exponentially, with the accumulation of bad economic news, especially from China.
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