Over the last two months, the most significant global stock market decline since the fall of 2008 has been underestimated by the mainstream media, Michael Snyder observes.
Over the last sixty days, we have seen the 8th largest single day stock market crash in U.S. history on a point basis and the 10th largest single day stock market crash in U.S. history on a point basis. You would think that this would be enough to wake people up, but most Americans still don’t seem very alarmed. And of course what has happened to U.S. stocks so far is quite mild compared to what has been going on in the rest of the world. Right now, stock market wealth is being wiped out all over the planet, and none of the largest global economies have been exempt from this.
A sharp view on the curent financial situation in USA, Europe and BRICS is illustrated in his article, that closes with a pesimistic view on a global financial collapse in 2015.