Can Booming Stock Markets Continue?
Channel: Daily Insight
Date: 2019-07-29

Stock markets around the world are booming. Headlines include: “Australian stock market hits record high but economy still flaky”; “US stocks surge to a record on blockbuster tech earnings”; and “S&P 500 and Nasdaq finish week at record high”. Here’s the Australian All Ords. Boom! We haven’t see highs like these since 2007 (just before the Global Financial Crisis of 2008). Its previous record was 6873.20 set on 31 October 2007. Now it’s at 6879.30. Here’s America’s S&P500. Boom! It’s now at 3025.86. That’s an all-time record, right? How about the tech-heavy NASDAQ? Boom! 8,330.21 — an all-time record. What’s going on here? While the economy is struggling around us, why are stock markets surging?

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MUSIC
Dance, Don't Delay by Twin Musicom is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://www.twinmusicom.org/song/303/dance-dont-delay
Artist: http://www.twinmusicom.org 

#dailyrantaustralia #stockmarket #economiccrisis #economiccollapse #australianeconomy