Globtec Group

A downturn is imminent on the American and German stock markets

A downturn is imminent on the American and German stock markets

We bring our concerns to your attention and assume that a downturn is imminent on the American and German stock markets. The background is the shock caused by the corona pandemic in the real economy. We now continue to expect a massive wave of loan defaults and bankruptcies that will have an extremely negative impact on bank share prices.

There are already wild rumors in the background that the euro central bank could push interest rates even further into the negative.

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