Oct
10
Fear and panic have gripped the world's markets. On Friday, Wall Street continued its plunge, with losses for the year reaching an amazing $8.3 trillion.
But if you look at the data closely, you will see we are now seeing a decade of wealth destruction. The S&P500 shows 11 years of no net growth: 
In London, the FTSE tells a similar story, falling to its lowest level in more than a decade.
It's a similar right around the big markets around the world. Of course, we are not talking about dividends here but that's not the point. The level of capital destruction around the world does not bode well for investors looking for some place to park their money, or what's left of it.
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