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News Link • Economy - Economics USA

We’re In A Global Recession: Why This Crash Should Have Come Sooner

A confession: I’m too excited, nervous, and agitated to start this post cleverly, so let's just get to the economic heart of things.

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?


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