Global Markets Being Hit Hard on Fears “US Economy May Collapse”

🔴🔵🟡 U.S. STOCK MARKET IS COLLAPSING LIKE OLYMPICS IN THE FRANCE 🇺🇲🇫🇷

Over $2.9 trillion have wiped out this morning due to growing fears of a global recession 🥶 pic.twitter.com/mz1Ppt6DkZ

— SVS NEWS AGENCY (@svsnewsagency) August 2, 2024

• Global Markets Being Hit Hard on Fears “US Economy May Collapse”
  by https://halturnerradioshow.com/
  Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Asset Management, said: ‘I didn’t expect stocks to fall this much. ‘This is probably because there are concerns that the US economy will collapse in a big way, which is the most unpleasant pattern for Japanese stocks.’
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  José Torres, a senior economist at Interactive Brokers, said: ‘The short-lived satisfaction of Fed Chief Powell communicating decent odds of a September rate cut has turned sour as investors are now panicking that the central bank isn´t trimming soon enough.’
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  Shares across the world tumbled Friday – as investors panicked over signs of weakness in the US economy.
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