The US stock market is crashing and it’s getting worse, with some experts saying the economic outlook for the US is “catastrophic”.
But the stock market has recovered, thanks to merck, as well as its US rival, Pfizer.
In fact, the stock has recovered more than 20% since the start of the year, after falling 17% over the past 12 months.
That’s because the stock index has gained so much in value over the year that it has more than doubled, says Steve Hickey, CEO of Hickey Investment Management.
“In a lot of ways, this is like the stock bubble, except you’re not in the stock and you’re in the economy,” Mr Hickey said.
“What this is about is the financial market, where merck is a leader.”
Merck shares were trading at $14.83, down 9.4% on Thursday, and have fallen 24% since March, when the company announced its merger with Eli Lilly.
In its most recent quarterly report, Merck said the combined company’s earnings for the three months to the end of June rose 13%.
But the market has lost a lot more money in the past few years than it gained, as its share price has fallen.
The Dow Jones Industrial Average has fallen almost 20% over that time, as investors worry about the health of the economy.
But it’s still up nearly 9,000 points, according to the website Trading Economics, and has topped 21,000 for the past year.
In recent weeks, the Dow has rallied about 1,000 on average each day.
But the broader economy is in a tailspin, with a sluggish economy and rising unemployment.
The unemployment rate stood at 8.6% in May, up from 7.6%, the lowest since May 2014.
The stock market fell more than 6% in the week ending June 11, the lowest monthly decline since August 2008, according the website Spotrac.
That’s a sign of what could be coming.
The next big economic event is expected to come in November, when many economists expect the unemployment rate to reach 10%, according to a survey from Bloomberg.
“We’ve been waiting for this moment for years,” Mr Schumacher said.
“This is a bubble.
We’ve seen it come up and then it collapses.
The bubble is still here.
We don’t know how long it will last.”
“The economy has not recovered from the last big crisis, and it will take a long time before we see real growth,” he said.
“I don’t think we’ll see any recovery in the US for a while.”
“The US economy is heading towards the same kind of disaster we saw in 2008 and 2009,” he added.
“You’ll see a lot less jobs and we’ll have a big problem.
We’ll be seeing a lot fewer people.”
What you need to know about merck