#ricahrdmurphy — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #ricahrdmurphy, aggregated by home.social.
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Well, Prof. #RicahrdMurphy is angry and very worried for our financial systems. A report in the FT has triggered his fear of a global markets collapse. This is because #Traders are selling #bonds to cash out and invest in #Stocks in fear of losing out. They are buying into over valued assets, and sometimes shares which do not have assets backing. Murpy predicts a #1929 style market #Crash *This* *Year* :
“I am angered by most in the media, who are completely distorting this story to say that markets have lost confidence in governments, when in fact the true story is that we should have lost confidence in markets.
I am angry with the media that says nothing about the idiots trading this way, whilst demanding that governments must serve them.”
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Well, Prof. #RicahrdMurphy is angry and very worried for our financial systems. A report in the FT has triggered his fear of a global markets collapse. This is because #Traders are selling #bonds to cash out and invest in #Stocks in fear of losing out. They are buying into over valued assets, and sometimes shares which do not have assets backing. Murpy predicts a #1929 style market #Crash *This* *Year* :
“I am angered by most in the media, who are completely distorting this story to say that markets have lost confidence in governments, when in fact the true story is that we should have lost confidence in markets.
I am angry with the media that says nothing about the idiots trading this way, whilst demanding that governments must serve them.”