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The Oil Crash Of 2016 Has The Big Banks Running Scared
The Oil Crash Of 2016 Has The Big Banks Running Scared Last time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis. Since the start of 2015, 42 North American oil companies have filed for bankruptcy, 130,000 good paying energy jobs have been lost in the […]
The Deflation Monster Has Arrived
Lukiyanova Natalia / frenta/Shutterstock The Deflation Monster Has Arrived And it sure looks angry As we’ve been warning for quite a while (too long for my taste): the world’s grand experiment with debt has come to an end. And it’s now unraveling. Just in the two weeks since the start of 2016, the US equity markets are […]
Welcome To The New Normal: The Dow Crashes Another 390 Points And Wal-Mart Closes 269 Stores
Welcome To The New Normal: The Dow Crashes Another 390 Points And Wal-Mart Closes 269 Stores Did you know that 15 trillion dollars of global stock market wealth has been wiped out since last June? The worldwide financial crisis that began in the middle of last year is starting to spin wildly out of control. On Friday, […]
Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill
Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill For the first time ever, the Baltic Dry Index has fallen under 400. As I write this article, it is sitting at 394. To be honest, I never even imagined that it could go this low. Back in early August, […]
The Dow Falls Another 364 Points And We Are Now Down 2200 Points From The Peak Of The Market
The Dow Falls Another 364 Points And We Are Now Down 2200 Points From The Peak Of The Market It was another day of utter carnage on Wall Street. The Dow was down another 364 points, the S&P 500 broke below 1900, and the Nasdaq had a much larger percentage loss than either of them. […]
2016 Will Be A ‘Cataclysmic Year’ And ‘Investors Should Be Afraid’
2016 Will Be A ‘Cataclysmic Year’ And ‘Investors Should Be Afraid’ The Royal Bank of Scotland is telling clients that 2016 is going to be a “cataclysmic year” and that they should “sell everything”. This sounds like something that you might hear from The Economic Collapse Blog, but up until just recently you would have never […]
Markets Are Correcting Hard
Markets Are Correcting Hard An assessment of the risks of things getting worse from here The long-awaited global financial market correction has arrived. We are seeing collapses in all major markets and across all major categories. As usual, the pain has started at the edges, in the weaker elements (emerging markets, junk bonds, weak companies, etc.) […]
Stock Markets All Over The World Crash As We Begin 2016
Stock Markets All Over The World Crash As We Begin 2016 The first trading day of 2016 was full of chaos and panic. It started in Asia where the Nikkei was down 582 points, Hong Kong was down 587 points, and Chinese markets experienced an emergency shutdown after the CSI 300 tumbled 7 percent. When European […]
58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe
58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. This year the middle class continued to deteriorate, more Americans than ever found themselves living in […]
Guess What Happened The Last Time The Price Of Oil Plunged Below 38 Dollars A Barrel?
Guess What Happened The Last Time The Price Of Oil Plunged Below 38 Dollars A Barrel? On Monday, the price of U.S. oil dropped below 38 dollars a barrel for the first time in six years. The last time the price of oil was this low, the global financial system was melting down and the […]
Alarm Bells Go Off As 11 Critical Indicators Scream The Global Economic Crisis Is Getting Deeper
Alarm Bells Go Off As 11 Critical Indicators Scream The Global Economic Crisis Is Getting Deeper Economic activity is slowing down all over the planet, and a whole host of signs are indicating that we are essentially exactly where we were just prior to the great stock market crash of 2008. Yesterday, I explained that the […]
Fourth Turning–Our Rendezvous With Destiny
FOURTH TURNING – OUR RENDEZVOUS WITH DESTINY We are now in the seventh year of this Fourth Turning. A famous quote from the seventh year of the last Fourth Turning portended the desperate, bloody and ultimately heroic trials and tribulations which awaited generations of our ancestors. What will be our rendezvous with destiny? “There is a […]
Fourth Turning–Social & Cultural Distress Dividing the Nation
FOURTH TURNING – SOCIAL & CULTURAL DISTRESS DIVIDING THE NATION I wrote the first three parts of this article back in September and planned to finish it in early October, but life intervened and truthfully I don’t think I was ready to confront how bad things will likely get as this Fourth Turning moves into […]
Yes, a new crisis is coming – and here’s why
Yes, a new crisis is coming – and here’s why Shortening economic cycle means more frequent crises ‘Great Divergence’ model saw China assuming the US’ leadership role We have likely reached the limits of adjusting monetary policy States have compromised a return to growth due to debt Occupy Wall Street may been been a popular […]
