Financial markets experienced two panic attacks in the course of a fortnight, which seemed to abate in Tuesday’s Wall Street session. Why did the panic start? Is there really a rational reason? Is it really over? No says Real Turkey Channel frontperson Atilla Yesilada. That is the bad news. The good news, this video argues, is that the panic attacks will not morph into a full-blown financial crisis which would also trip the global economy.
The video explains why a 2007-2008 type of mega-crisis is highly unlikely, even if a free-for-all were to start in the Middle East, propelling energy prices significantly higher. There is a big caveat though. This is the Great Reveal at the end of the podcast. What is the worst case scenario for the world economy and how likely is it?
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