Stuart Varney: Recession seems inevitable

FOX Business host Stuart Varney argues the U.S. is witnessing ‘wealth destruction on a massive scale.’

STUART VARNEY: This is another financial storm, and it seems to be gathering steam. That’s what makes people so anxious: where does it end?

Crypto investors are the most nervous of all, because they’re experiencing a genuine crash. 

That’s a strong word and should be used carefully, but when Bitcoin loses one third of its value in a weekend, it’s a crash. 

Nearly $2 trillion lost. 

Some of the youngsters who piled into crypto with their stimulus money, have lost their shirts.

It’s certainly a storm for stock investors. 

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