With the shocking news that Donald Trump will likely become the 45th Presient of the United States, the international market are going haywire with a clear sign of lack of confidence in the future of the United States and the world wavering with every growing minute.
US stock futures are plunging while the Mexican peso is also dropping against the U.S. dollar. Wall Street fluctuates dramatically when uncertainty strikes and this appears to be one of the most uncertain futures in recent memory.
“Share markets across the Asian region have sold down heavily as investors worry in particular that his protectionist policies will kick off a trade war and depress growth,” said Shane Oliver, the head of investment strategy and chief economist at AMP Capital in Sydney, to the New York Times.
As prophetic economic Andrew Smithers says, "U.S. stocks are now about 80% overvalued," while the Royal Bank of Scotland says the markets are flashing stresses similar to that of the 2008 crisis.
James Dale Davidson adds, “There are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is looming – it’s already at our doorstep.”
These are scary times indeed, and the floundering economy seems to be one of many catastrophes to come.