Thursday, May 19, 2022

RETHINKING - MAY 19, 2022 - ECONOMIC CRISIS

 

The crisis that started with the increase of the prices of the oil and gasoline is becoming an extensive economic crisis with implications in the stock markets.

About this subject, today – May 19, 2022 – the Wall Street Journal posted an opinion story after the closure of the financial markets.

The story titled “Stock Markets Finish Volatile Session Lower’ was written by Hardika Singh and Joe Wallace.

The writers of the story wrote “U.S. stocks and bond yields fell, with the S&P 500 flirting with a bear market, as continued investor concerns about the health of the economy extended the recent selloff.”

This was my opinion posted in the blog section of the WSJ Online:

“We are living in turbulent times and the United States is in the middle of the global mess. By the way, the Europeans are suffering more than us because of the energy crisis and the neighborhood with Putin's regime.”

SOURCES: The Wall Street Journal, my own think tank


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