Skip to content

Stock markets around the world have been rallying. They are up 15% since they hit a low for the year in mid-March and they are now hardly down in value since credit crunch began last August. Investor optimism is rising that the great global credit crunch is nearly over. Now that the financial sector is in trouble, the weakness of capitalism in its downphase of profitability is being exposed. It is paving the way for a serious worldwide economic recession, despite the current optimism of the stock markets.