• The Fed’s Monetary Tightening Triggers Global Market Collapse as Valuations Adjust

    Global markets are falling. On August 18, the U.S. Nasdaq index fell 1.17%, Germany’s DAX index fell 0.71%, France’s CAC index fell 0.94%, Japan’s Nikkei index fell 0.68%, and South Korea’s index fell 0.23%. Indices of developing countries also fell, with China’s Shanghai Composite Index down 1% and Vietnam’s index down more than 4% intraday. Crude oil, gold, bitcoin, and even real estate prices in various countries are also falling. For example, South Korea’s real estate market has been falling for a year in a row. Housing prices in Seoul, the hottest place, have already plummeted by more than 30%, housing prices in some areas have dropped by 40%, and…

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