What is driving the stock market panic? - World Socialist Web Site
▻http://www.wsws.org/en/articles/2016/01/18/pers-j18.html
Banks, hedge funds and governments all over the world are entering a new week of trading with fear and trepidation. The US markets are closed Monday for the Martin Luther King Jr. holiday, but one can be certain that the Federal Reserve, the major Wall Street banks and the Obama administration will continue to be involved in intensive behind-the-scenes discussions with their international counterparts following the most disastrous two-week start of a new year in history.
Friday’s panic sell-off on stock markets from China and Europe to the US, with the Dow giving up 391 points and crashing through the 16,000 point barrier, capped off two weeks that erased $5.7 trillion from global share values.