By David Zeiler – Re-Blogged From http://www.wallstreetexaminer.com
With each passing day, the irresponsible behavior of the world’s central banks brings us closer to a full-blown global stock market crash in 2016.
We’re already in a bear market. On Thursday, the MSCI All-Country World Index fell 1.3%, giving it a 20% decline since last May.
Issues such as slowing economic growth in China, $5 trillion of emerging market debt, and rock-bottom oil prices have made investors increasingly skittish.
But now the world’s central banks have started to toss gasoline on the fire in the form of negative interest rates. The lower they go, the more likely they are to trigger a global stock market crash in 2016.