{"id":11421,"date":"2015-08-24T06:37:47","date_gmt":"2015-08-24T11:37:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11421"},"modified":"2015-08-24T06:37:47","modified_gmt":"2015-08-24T11:37:47","slug":"the-global-economy-is-officially-melting-down","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11421","title":{"rendered":"The Global Economy Is Officially Melting Down"},"content":{"rendered":"<h3><a href=\"http:\/\/www.thedailysheeple.com\/the-global-economy-is-officially-melting-down_082015\" target=\"_blank\">The Global Economy Is Officially Melting Down<\/a><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-107450\" src=\"http:\/\/www.thedailysheeple.com\/wp-content\/uploads\/2015\/01\/stockmarketcrash.jpg\" alt=\"stockmarketcrash\" width=\"500\" height=\"375\" \/><\/p>\n<p>As much as the financiers on Wall Street and the officials at the Fed would like the party to keep going, it looks it\u2019s finally about to stop. Years of bailouts and monetary expansion have created one of the most inflated and artificial economic booms in history, and now it appears that this global economic bubble is deflating. Markets across the board are melting down as we speak, and the financial crash that supposedly \u201cfringe\u201d analysts have been predicting since 2008, is finally upon us. Take a look at what\u2019s going down right now.<\/p>\n<ul>\n<li>The Dow has fallen\u00a0<a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/we-have-already-witnessed-the-first-1300-points-of-the-stock-market-crash-of-2015\" target=\"_blank\">1300 points<\/a>\u00a0from its peak. On Friday alone, it fell by 530 points, making it the\u00a0<a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/this-2-day-stock-market-crash-was-larger-than-any-1-day-stock-market-crash-in-u-s-history\" target=\"_blank\">9th worst stock market crash<\/a>\u00a0in US history.<\/li>\n<li>The Shanghai composite fell by\u00a0<a href=\"http:\/\/money.cnn.com\/2015\/08\/21\/investing\/china-stocks-shanghai-composite\/\" target=\"_blank\">more than 11%<\/a>\u00a0this week. All told, China\u2019s stock market has lost a third of its value since its previous peak, and the only thing holding it up is their government\u2019s intervention. It lost 4% of its value on Friday after it was revealed that their manufacturing activity had reached a\u00a0<a href=\"http:\/\/money.cnn.com\/2015\/08\/20\/news\/economy\/china-factories-growth-pmi\/index.html?iid=EL\" target=\"_blank\">77 month low<\/a>.<\/li>\n<li><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-08-21\/world-s-richest-people-lose-182-billion-as-market-rout-deepens\" target=\"_blank\">400 of the world\u2019s richest people<\/a>\u00a0lost a total of $182 billion this week, amounting to 6.3% of their collective wealth. When the people who benefit the most from inflated markets are getting hurt, you know that the bubble is bursting.<\/li>\n<li>The dollar\u2019s rally may be finally nearing its end. Its value has fallen slightly, but consistently\u00a0<a href=\"http:\/\/www.marketwatch.com\/story\/dollar-tumbles-after-downbeat-china-manufacturing-data-2015-08-21\" target=\"_blank\">for the past 2 weeks<\/a>.<\/li>\n<li>Commodities have fallen to a\u00a0<a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-08-21\/these-charts-show-how-hard-china-has-hit-global-markets\" target=\"_blank\">13 year low<\/a>. The price of copper has reached a 6 year low while oil has suffered its longest\u00a0<a href=\"http:\/\/www.marketwatch.com\/story\/oil-prices-under-pressure-in-asia-after-weak-chinese-manufacturing-data-2015-08-21\" target=\"_blank\">decline since 1986.<\/a><\/li>\n<\/ul>\n<p>That last one is very telling. You can always tell when the global economy is in bad shape based on the value of various commodities. It\u2019s one of the strongest indicators for an economy, since it reveals how many real, tangible goods are being produced. Curiously, many of these commodities have been falling in value throughout the supposed recovery that we\u2019ve been in since 2009.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Global Economy Is Officially Melting Down As much as the financiers on Wall Street and the officials at the Fed would like the party to keep going, it looks it\u2019s finally about to stop. Years of bailouts and monetary expansion have created one of the most inflated and artificial economic booms in history, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[151,5769,216,303,500,4148,6537,839,860],"class_list":["post-11421","post","type-post","status-publish","format-standard","hentry","category-economics","tag-commodities","tag-daily-sheeple","tag-dow","tag-fed","tag-market-collapse","tag-market-correction","tag-shanghai-composite","tag-us-dollar","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11421"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11421\/revisions"}],"predecessor-version":[{"id":11422,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11421\/revisions\/11422"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}