Not since the crash of 2008 has there been such certainty about the reasons behind last week’s and Monday’s world economic turmoil and Wall Street upheaval. The difference between now and then is that everyone today seems to be certain about conflicting reasons.
"There is clapping… but no joy" Closing bell finally rings on #WallStreet w/ #Dow down 580+ http://t.co/zoWuOet5eY http://t.co/XKVygcDJze
— Anderson Cooper 360° (@AC360) August 24, 2015
A look at Monday's paper: #WallStreet starts week on edge; #AlexBrightman brings #SchoolOfRock to #Broadway pic.twitter.com/aKNEMLNnIA
— USA TODAY (@USATODAY) August 24, 2015
What #WallStreet plunge taught us on automakers: They're increasingly dependent on China: http://t.co/Yc1VvIbViJ
— Detroit Free Press (@freep) August 24, 2015
It’s China. It’s the Fed. It’s Europe and Russia colluding to sacrifice the United States to save China. It’s Obama (or what he inherited from Bush, depending on your party affiliation). It’s the Middle East. It’s Apple. It’s Congress. It’s Donald Trump (yes, there were reports about the GOP frontrunner being the root cause for the turmoil). It’s the automotive industry. It’s oil. It’s Israel.
China Syndrome #WallStreet Collapse @DanaJSummers #DemocratLiesMatter pic.twitter.com/fQh0XNvNWZ
— Political Cartoons (@PolToons) August 24, 2015
Today's stock news explained, why it matters: http://t.co/KrjqxXfBpo #WallStreet #DowJones
— WNYC (@WNYC) August 24, 2015
MORE: #WallStreet closed suffered one of the steepest falls in four years #BlackMonday http://t.co/6uupwXT6R6 pic.twitter.com/Cfv79hRwD7
— RT America (@RT_America) August 24, 2015
Keep calm carry on… Why the economy is OK, even if stocks aren't http://t.co/DYQv8gYejT #WallStreet @DianeSwonk @SusanSchmidt
— Richard Davies (@DaviesNow) August 24, 2015
Then, there’s another set of analyses that point beyond the cause towards what it represents. It’s a correction. It’s the beginning of the end. It’s the end of the recession. It’s the start of a new one. It’s a precedent for the Shemitah. It’s the Fed’s way of easing in a rate hike. It’s Wall Street’s way of preventing a rate hike. It’s a blip. It’s a harbinger.
Tough Monday, indeed. #WallStreet pic.twitter.com/X974NkryKQ
— Chan Lowe (@Chanlowe) August 24, 2015
Regardless of what is causing the economic tension and what it all means, the only thing we know for certain is that it’s time to invest in canned goods, whether in their stocks or in their products.
This post may contain affiliate links. Meaning a commission is given should you decide to make a purchase through these links, at no cost to you. All products shown are researched and tested to give an accurate review for you.