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Stock Markets Collapse As Investors Quit Deluding Themselves

What’s behind today’s 220-point drop off the cliff for the Dow Jones index, and the nearly 2% collapse in the other big indices? Experts say it’s because the big institutional investors may finally be putting it together that a jobless “recovery” where wages are flat or shrinking for more than 80% of the population is probably unsustainable, especially considering housing is still in its death throes and we are once again saying farewell to the “era of cheap oil” and manufacturing is such a tiny part of our worthless “service economy” that even gains in that sector are ultimately unimportant. Read more on Stock Markets Collapse As Investors Quit Deluding Themselves…