World stock markets have been growing steadily for a long time, including in U.S. and Asia having reached the highest levels in history. It was possible thanks to the steady growth of the world economy, the low cost of money and the growth of private companies' earnings. Personally , I believe that the stock market correction prices was expected and necessary... However, the interdependence of global financial markets is evident due to market correction and reactions of the leading stock exchanges in Asia and world wide ...

Going through the economic phase of disruptive technologies is not an easy walk; the stock markets do reflect the financial fight for economic distribution of wealth creation. Shock waves are birthpangs of a new economic cycle, with spiral motion (regressive vs. progressive). The regressive motion is connected to war, the progressive motion is connected to a new societal deal. We can reap the benefits of all these exponential disruptions, if our economic policy is patient and prudent. Cutting throat economics and mutual existential guarantees are more than contra-polar. It will burn down to monetary intelligence, to sustain global circulation and to create a capitalist welfare system.

Dear Mr. Ternyik

Thank you for your valuable contribution.

Best