The global market capitalisation is a credible $50 trillion, give or take. Nevertheless, it's $15 trillion or the ENTIRE debt burden of the United States of America lower than the $65 trillion highs of 2007.
Now, if we distill the events that led to the financial crisis of late 2007 and the subsequent collapse of global markets you wouldn't have to go too far to find the culprit / s. The same could be said for the Greek-crisis we've endured for the last month or two. Again the culprits are easily identified. Today markets are burdened by the US 'debt-crisis'. If it's true that the (R) party VOTED for extensive spending during (R) Bush's term then a case can be made that today's members of the (R) party are negotiating in mala fides (BAD FAITH), grounds for legal action. The Federal Reserve agrees that this political impasse, however temporary, will have serious consequences for global economic growth. Global markets will follow.
US political-impasse drove global markets 2% lower in yesterday's session alone. That equates to an equity loss of $500 billion or an approximate margin-call of $5 trillion for long-only positions on the derivative markets. The cost of capital alone to carry the position to recovery post 2 Aug. is still billions of dollars.
Is it time to introduce an International Court of Financial Justice and hold the fools accountable?
US political-impasse drove global markets 2% lower in yesterday's session alone. That equates to an equity loss of $500 billion or an approximate margin-call of $5 trillion for long-only positions on the derivative markets. The cost of capital alone to carry the position to recovery post 2 Aug. is still billions of dollars.
Is it time to introduce an International Court of Financial Justice and hold the fools accountable?
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