European stock markets have been unsettled again this morning after yesterday's sharp sell-off. Investors' eyes are on Wall Street to see whether yesterday's 200-point drop in the Dow Jones Industrial Average will be repeated.
But while markets have been unnerved by this week's falls, they do not necessarily presage the sort of financial meltdown predicted by some doomsayers. What is certain, and only just beginning to dawn on many investors, is that the extraordinary five-year period of cheap money that has kept the world afloat is now over.
No comments:
Post a Comment