TOKYO (Reuters) – Financial markets have been thrown into turmoil following Saudi Arabia’s response to the collapse of OPEC talks and issues about the global spread of the coronavirus.
FILE IMAGE: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17,2019 REUTERS/Christian Hartmann
Following are remarks from experts:
JOHN LEKAS, CEO, LEADER CAPITAL, VANCOUVER, WA:
” We remain in an Armageddon circumstance. We could move down 30%in the equity markets in the next 30 days. We are at floor 8 after a jump off a 20 story building.
” The 10 year is your development rate, offer or take a little. That suggests growth in essence went from a little over 2 to basically no over night. Two quarters of negative gdp is a recession. We will more than likely get that.
” It also puts U.S. President Donald Trump’s election at risk. The marketplace has actually not reached the realities.
” The bond market action is something I