I have always looked upon my experiences here in Ecuador as nothing short of an adventure.....a "re-conquest". You will find that this Blog not only offers information on how to live, invest or simply visit Ecuador (rated the number one retirement heaven by International Living magazine for 2011) but also informative information and articles on how to survive in this fast changing and volatile World we live in. Your comments are welcome!
El Conquistqdor Francisco de Orellana
The Conquistador who put the Amazaon baisn "on the map"....Francisco Orellana
Tuesday, December 20, 2011
Christine Lagarde "And it’s about to get worse....."
Stock market volatility has been crazy lately!
Stocks dropped 21% from May to October of this year. But most of that drop happened within two to three weeks. That means investors saw 20% of their investment wealth disappear in a matter of days.
Why the market scare?
It’s the dreaded European debt crisis that keeps infecting markets from here to China. And it’s about to get worse, according to the head of the International Monetary Fund (IMF), Christine Lagarde.
IMF’s Lagarde Paints an Ugly Picture of 2012
On Thursday, Christine Lagarde gave some alarming comments about where the market is heading. She said, “the European debt crisis is growing to the point that it won’t be solved by one group of countries.”
She went on to say that countries had better work together or “there is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super-advanced economies that will be immune to the crisis.”
I couldn’t have said it better myself.
It’s just one more sign that the volatility to stocks will likely get worse before it gets better as we head into 2012.