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Stockmarkets plunge as evidence emerges of worsening economic conditions

economist.com

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Re: Stockmarkets plunge as evidence emerges of worsening economic conditions

#2
There are two feedback loops that need to unwind:

1. low consumer confidence->revenue drop->loayoffs->low consumer confidence

2. US market->world markets->US markets.

Both of these feedback loops will feed on themselves for a few iteration before the show is over.

It has only begun.