{"id":85988,"date":"2025-10-17T06:50:09","date_gmt":"2025-10-17T06:50:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/85988\/"},"modified":"2025-10-17T06:50:09","modified_gmt":"2025-10-17T06:50:09","slug":"gopinath-sounds-alarm-on-us-market-dependence-correction-could-trigger-global-fallout-worse-than-dotcom-crash","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/85988\/","title":{"rendered":"Gopinath Sounds Alarm On US Market Dependence; Correction Could Trigger Global Fallout Worse Than Dotcom Crash"},"content":{"rendered":"<p>A correction at the Wall Street may lead to a global crisis worse than the dot-com crash, considering the high global exposure to US equities, warned Gita Gopinath, the former chief economist at the International Monetary Fund.<\/p>\n<p>&#8220;The exposure of the world to US equities is at record levels. A stock market correction would have more severe and global consequences as compared to what followed the dot-com crash,&#8221; Gopinath said, in an article she penned for The Economist on Wednesday.<\/p>\n<p>The Harvard University professor argued that both the American and international investors have become &#8220;dangerously dependent&#8221; on the US equities, particularly in the technology sector, leaving the global economy vulnerable to sharp decline in the stock prices.<\/p>\n<p>Gopinath has connected the high rise in markets today to the exuberance before the dot-com bubble. She noted that the markets could be setting up a stage for a painful correction.<\/p>\n<p>&#8220;The scale of exposure today is far larger and more interconnected than in 2000,&#8221; she wrote. &#8220;A correction in American markets would reverberate worldwide.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"A correction at the Wall Street may lead to a global crisis worse than the dot-com crash, considering&hellip;\n","protected":false},"author":2,"featured_media":85989,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,55229,55231,61,60,55230],"class_list":{"0":"post-85988","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-gita-gopinath","11":"tag-gopinath","12":"tag-ie","13":"tag-ireland","14":"tag-us-market"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/85988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=85988"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/85988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/85989"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=85988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=85988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=85988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}