Dow Jones plunges 767points
Nasdaq down 278points
S&P down 87points
It looks like the Trade war + Trump + Hong Kong protests + Brexit could finally be the long awaited 4 Horsemen of the global economic apocalypse turning up in a delayed Uber.
Expect those KiwiSaver balances to be smashed this week.
Adrien Orr’s demand that the Banks prepare themselves for a once in 200 year meltdown is looking more and more vital for the economic survival of NZ and it casts Shane Jone’s defence of Orr last night on Q&A as a warning that a hard rain is going to fall.
Everyone knows the recession is coming, that the 10years of quantitive easing to prevent meltdown last time has only built to apocalypse levels of debt now.
The event horizon awaits and the question must be, can this government put enough ideas together to withstand a global economic crisis?