I am the first to admit that I am not psychic and I have no educational advantages that allow me to forecast what our future is going to look like. In fact, this entire undertaking is pure conjecture based upon the reading of hundreds of articles, official papers, and opinions of others. My goal in writing this article is to make the best use of common sense which obviously is pretty uncommon these days. In addition to common sense some of what i relate is based on my own gut feelings.
Big mutual funds that supported rapid economic growth in developing countries have started to retreat hasty from these markets. They are contributing to the recent rapid decline in global stock market.
Although I’m not a financial expert, I like to think of myself as an informed person. One who knows a thing or two about how the economy works and how it affects us all. While we were celebrating the 4th of July, at the other end of the world, the Greeks were digging their grave. According to partial official results, over 61% of Greek voters voted “No”, rejecting the creditors’ reform proposals. This has already caused a chain reaction on the stock markets and it’s just the beginning.