Stock markets around the world is undergoing volatility not seen in years.
On Monday the Dow Jones Industrial Average suffered its largest point loss ever.
It has since recovered somewhat.
Will the rollercoaster continue, especially since interest rates are expected to rise around the world?
Is the current market volatility a sign that we are headed for another economic crisis?
The Money Show’s Bruce Whitfield interviewed Econometrix Chief Economist Dr Azar Jammine.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Yes, I do think we’re headed for another economic crisis.— Dr Azar Jammine, Econometrix
There are reasons to believe we could be headed for another major crash.— Dr Azar Jammine, Econometrix
It’s a fear that America will raise interest rates more steeply than expected.— Dr Azar Jammine, Econometrix
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