The great stock market reset is on its way

Quick Summary:

The coming stock shakeout will force the realisation that savings are being directed into areas of fleeting gain rather than at real need.

One where management of the world’s savings and investment is no longer decided largely at the whim of fund managers, supposedly responsible, yet who often seem to treat this critical economic activity more as a great gambling game.

The reset will need to be principally in Western nations because they are the ones that have allowed their stock markets to become liquidity-engorged yet quite narrowly focused monsters.

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Article Details

Author / Journalist: Anthony Rowley

Category: Business

Markets: Hong KongChinaJapanTaiwanUnited States

Topics: Investment Market Stocks Part Major Markets Dollar Need Stock Trillion Last

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-03 @ 19:30:10 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 952 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21906384

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About SCMP

Main Topics: Business

Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 12 hours ago

Coverage Areas: Hong Kong

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Publisher ID: #42

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