NEWSMAX
$9 Trillion Wiped From World Stocks in 3Q
New York Stock Exchange floor broker (Getty Images)
Friday, 30 September 2022 11:01 AM EDT
If global market investors thought 2022 couldn't get any more painful or unpredictable, the last few months have certainly proved them wrong.
Another $9 trillion wiped off world stocks, oil down more than 20%, historic losses for bonds, war, and things became so ugly in G7 Japan and Britain in recent weeks that the authorities had to step in.
With inflation-fearing central banks racing each other to ramp up borrowing rates, there have now been nearly 300 interest rate hikes over the last year.
It seems those goldilocks good times - where markets rally as economies chug along at just the right temperature - are definitively over.
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READ MORE: https://www.newsmax.com/finance/streettalk/third-quarter-stock-bond-losses/2022/09/30/id/1089844/
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