Market crash brings back 2008 memories, cash is king: BofA By Reuters

in hive-116221 •  5 years ago 

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The fast fire selloff in financial exchanges and desperate monetary figures due to the coronavirus have shaken speculators and prodded a scramble for money, a BofA support supervisor study appeared on Tuesday.  

Money possessions in March flooded to a normal 5.1%, barely short of the 5.5% seen during the 2008 budgetary emergency, as value allotments were in a record breakdown, basically drove by Eurozone and developing markets, the review appeared.  

World stocks have lost almost a third or $21 trillion in esteem since mid-February as the focal point of the infection moved from China to Europe.


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