Dow up...all good /s
Dow up...all good /s
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Countries stock markets indicate absolutely nothing about a nation’s financial health. Debt is.Stock markets are an illusion, parked wealth. Notice modern melt down examples, Argentina, Venezuela, their stock markets stayed buoyant, rising / ebbing with inflation, but when their currency ( unit of measure) suffered currency crisis, the actual purchasing power was destroyed.
Take our DOW, hovering around 29,000, the USD is at 110 ( record high), when our USD index goes back down to the 80’s, or a currency crisis occurs, the 29,000 will buy 30 percent less just by a currency unit measure, throw in inflation, could be 40 percent plus less buying power.
Keep your eyes on Credit Suisse and Duetches bank, 3 trillion at risk as of yesterday, as with the meltdown of 2008, it began in the European financial markets. As a note, the combined worlds debt is now over 300 trillion- unsustainable.