– Review of 2018: ‘Everything bubble’ started bursting – Stocks and many property markets have fallen sharply – S&P 500 -4.5%, Nikkei -8%, EuroStoxx 50 -12.5%, FTSE -13%, DAX -16.5% – Of 54 major stock market indices in the world, only 6 are higher (see table) – Global property bubble bursting – London, Sydney and Vancouver fall nearly 10% – Crypto bubble burst as bitcoin falls from $20k to below $4k and cryptos collapsed – Gold lower in dollars but gains in EUR, GBP, AUD and CAD |
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