Monthly Archives: October 2015

The Global Economy Is Unwinding and the Central Banks are Losing Control

As of October 1st, the MSCI’s All-Country World Index is down 11 percent since June 30, the sharpest slump since 2011, while its Emerging Markets stocks benchmark has fallen 20 percent in the past three months. Global equity markets have lost over $13 trillion and world market capitalization has fallen back below $60 trillion for the first time since February 2014.

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