Capitalism Crumbling? World Stock Market at Nearly 6 Year Low

An indexation of global stock markets shows that the value of companies around the world is at the lowest point since the early part of the decade.

Central banks around the world are expected to implement another wave of rate cuts, but the economic tools of manipulation are running thin and far as the world looks like it will slump into a deep recession if things stay the way they are.

Every industry from Asian high technology makers to banks are beginning to fell the pinch as shares continue to take a pounding across the globe.

More from Reuters:

Like dominoes, Asian markets fell a day after U.S. stocks hit their lowest in more than five years. The MSCI All-Country World Index fell 1.2 percent as of 0330 GMT (10:30 p.m. EST on Wednesday), having hit its lowest level since May 2003.
Japan's Nikkei average dropped 5 percent, below the key technical level of 8,000 points for the first time in three weeks.
South Korean and Hong Kong shares tumbled more than 5 percent, while markets in Sydney, Singapore and Taiwan fell more than 3 percent each.
More broadly, the Asia-Pacific ex-Japan MSCI index was down nearly 5 percent.
Expectations for a sharp slowdown sent oil prices down for a fifth consecutive session, and down 83 cents to $52.79.