DJIA Average Index -CNN Money (The Times) The start of 2016 has been the worst for financial markets since the onset of the ‘Great Depression’ — Investors seeking safe havens have turned to Gold, sparking a 2% recovery in its price to $1094 an ounce.
The stock market rout is starting to become very expensive, destroying $2.3 Trillion in wealth from the market’s top last year according to the USA Today and $1.5 Trillion in net wealth just this year.
On Tuesday, Democrat presidential candidate Hillary Clinton tweeted praise of Obamanomics as, “Seven years of progress. We need to build on it–not go backwards,” despite the grim economic news of 94 million Americans jobless, falling wages, labor force participation rate at an anemic 62.6% and 45 million Americans on food stamps.
Related: A Recession Worse Than 2008 is Coming -CNBC