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Global Stock Markets: We All Fall Down!

Yes, thanks. That was a lot of nice information consolidation, I imagine it took quite a lot of work to bind it into a coherent picture.

And that picture isn't pretty. Unrelentingly grim seems to be a more apt description. And yet, I don't think we're at a bottom yet. I get the impression the 'crowd' is just waiting for the turn up so they can jump back on the escalator. We haven't had a downturn this severe for a long time, but I've read that the bottom is always a time of capitulation. If that is true, definitely *not* at the bottom here.

Given the breadth of the bad news, it also seems that this is a global phenomenon, a working out of the imbalances in the system. How can there be a developed economy with zero interest rates for over a decade? How can the country driving industrial growth in the world have a severely undervalued currency and fund its customers with loans for over a decade? How can commodity prices shoot the moon with no effect on the world economy?

Can the players prop it up for a while longer? They are certainly trying. But sayings about straws and camel's backs come to mind. The one item too many being juggled. Interesting times.