In the email chain, Mr. Crone mentions the transcript in the context of a "further nightmare scenario" that would bring another major lawsuit against the tabloid.

WSJ: Fresh Hacking Emails Released

In a research note, Reliance Mutual Fund said that the current volatile environment has investors extrapolating the current context and wondering about the repeat of the doomsday scenario of 2008.

FORBES: As US Falters, India Unlikely To Relive 2008 Crash, Says Reliance

For context, the Congressional Budget Office figures that under the most likely fiscal scenario, the debt will approach 90 percent of GDP by 2022.

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