Thursday 13 May 2021

The Winter of Despair for World Markets

What will be the point of no return for the global stock markets? There are several numbers that can be watched but I think two of the most crucial numbers are the DOW (Dow Jones Industrial Average) and the inflation figures in the USA. When the DOW goes below 15000 and the inflation in the USA edges close to 20%, then it will be a point of no return. 

I call this the point of no return, because from here there will be no possibility of recovery. This will herald the end of the American and British led world order. History will come to an end for the Western civilization.

The famous line by Charles Dickens comes to my mind: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”

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