(Reported By Michael Snyder) Over the last two trading days, European banks have lost 23 percent of their value. Let that number sink it for a bit. In just a two day stretch, nearly a quarter of the value of all European banks has been wiped out. I warned you that the Brexit vote â€ścould change everythingâ€ś, and that is precisely what has happened.
Meanwhile, the Dow was down another 260 points on Monday as U.S. markets continue to be shaken as well. Â Overall, approximately three trillion dollars of global stock market wealth has been lost over the last two trading days. That is an all-time record, and any doubt that we have entered a new global financial crisis has now been completely eliminated. READ MORE