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Markets are crashing around the world. We’ve been here before. That’s partly why they are crashing. Fear of previous failures drives market psychology regardless of fundamental, quantifiable forces. Unfortunately, the fundamental, quantifiable forces have enough negative components that some of the fears are justified. China devaluations and declining manufacturing indices may be a mark of a Chinese bubble bursting. Debt-encumbered countries like Greece mean more money going to payments instead of productivity. Oil price collapses are shrinking the economies of oil-rich countries, if their oil is expensive. All is happening while interest rates are so low that central banks have little room to maneuver.

This May Be The Start Of The Next Financial Crisis – Quartz

Why are Global Stock Markets Tanking – The Atlantic

China’s Stock Markets Are Melting Down – Slate

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