MIGrampaUSA
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Stock market panic is mainly caused from Saudi Arabiaās future king dropping the bottom out of The oil market. If that had not happened the stock market would have had a slight blemish from the virus.
Saudis trying to put Russia and Iran out of the oil business.
Got to remember the worldās economy is built on oil, thatās what makes the world go round.
Actually oil has less to do with making the world go around than it once did. It's a diminishing commodity and Saudi Arabia is playing a 70's card in a totally different environment. The move to destabilize oil prices will likely hurt Saudi Arabia the most.
However, "a blemish" on the stock market is entirely too optimistic. We have a global economy no matter how you look at it ... with significant levels of commerce totally shut down. When supply can't meet demand, things slow down.