As anyone with a financial pulse knows, yesterday specifically and this week generally marks, well, the beginning of the end. The end of geo-political economic optimism, hope, and confidence. And, at least for me, this moment could not have come soon enough.
Bloomberg outlines the financial carnage in Global Stocks Drop 20% Into Bear Market as Debt Crisis Outweighs Profits: “Stocks fell, pushing the MSCI All- Country World Index of 45 nations into a bear market for the first time in more than two years, after the worsening European debt crisis and threat of a U.S. recession erased more than $10 trillion from equities since May.”
Well, financial world, welcome to the show. Those of us who have been paying attention have been not-so-patiently waiting for you.
What, I may ask, took you so long?