{"id":12951,"date":"2015-10-03T08:42:10","date_gmt":"2015-10-03T13:42:10","guid":{"rendered":"http:\/\/olduvai.ca\/?p=12951"},"modified":"2015-10-03T08:42:10","modified_gmt":"2015-10-03T13:42:10","slug":"yes-this-is-a-financial-crisis-11-trillion-dollars-in-stock-market-wealth-was-wiped-out-in-the-3rd-quarter","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=12951","title":{"rendered":"Yes, This Is A Financial Crisis \u2013 11 TRILLION Dollars In Stock Market Wealth Was Wiped Out In The 3rd Quarter"},"content":{"rendered":"<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/yes-this-is-a-financial-crisis-11-trillion-dollars-in-stock-market-wealth-was-wiped-out-in-the-3rd-quarter\" target=\"_blank\">Yes, This Is A Financial Crisis \u2013 11 TRILLION Dollars In Stock Market Wealth Was Wiped Out In The 3rd Quarter<\/a><\/h3>\n<p><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/yes-this-is-a-financial-crisis-11-trillion-dollars-in-stock-market-wealth-was-wiped-out-in-the-3rd-quarter\/dollars-public-domain\" rel=\"attachment wp-att-9288\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-9288\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2015\/10\/Dollars-Public-Domain-460x325.jpg\" alt=\"Dollars - Public Domain\" width=\"460\" height=\"325\" \/><\/a>Did you know that 11 trillion dollars in global stock market wealth was wiped out during the third quarter of 2015?\u00a0 When I was emailed this figure by a friend, I was stunned for a moment.\u00a0 I knew that things were bad, but were they really\u00a0<strong>this bad<\/strong>? When I first received this information, I had just finished a taping for a television show in which I had boldly declared that 5 trillion dollars of stock market wealth had been wiped out around the world.\u00a0 Unfortunately, the final number has turned out to be much larger than that.\u00a0 Over the past three months, the stock markets of all major global economies\u00a0<a title=\"are crashing simultaneously\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-stock-markets-of-the-10-largest-global-economies-are-all-crashing\">have been crashing simultaneously<\/a>, and 11 trillion dollars of \u201cpaper wealth\u201d has now completely vanished.\u00a0 The following comes\u00a0<a title=\"from Fortune\" href=\"http:\/\/fortune.com\/2015\/10\/01\/stocks-money-quarter\/\" target=\"_blank\">from Fortune<\/a>\u2026<\/p>\n<blockquote><p>Global equity markets suffered a bruising third quarter, shedding\u00a0<strong>$11 trillion<\/strong>\u00a0worth of global shares over three months, according to Bloomberg.<\/p>\n<p>It was the market\u2019s worst quarter since 2011. The prolonged slump was due to low prices for commodities such as oil, instability in China\u2019s markets, and the anticipation that the U.S. Federal Reserve will soon raise interest rates.<\/p><\/blockquote>\n<p>In light of this number, how in the world is it possible that there is still anyone out there that is claiming that \u201c<a title=\"nothing happened\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/this-is-for-the-nothing-is-happening-crowd\">nothing happened<\/a>\u201d over the past few months?<\/p>\n<p>In China, they sure aren\u2019t claiming that \u201cnothing happened\u201d.\u00a0 Chinese stocks are down about 40 percent from the peak of the market.<\/p>\n<p>In Germany, they sure aren\u2019t claiming that \u201cnothing happened\u201d.\u00a0 As of a few days ago a quarter of all German stock market wealth had been wiped out since the peak earlier this year.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, This Is A Financial Crisis \u2013 11 TRILLION Dollars In Stock Market Wealth Was Wiped Out In The 3rd Quarter Did you know that 11 trillion dollars in global stock market wealth was wiped out during the third quarter of 2015?\u00a0 When I was emailed this figure by a friend, I was stunned for [&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":[1989,2291,5983,312,4901,1138,9541,868],"class_list":["post-12951","post","type-post","status-publish","format-standard","hentry","category-economics","tag-1989","tag-2291","tag-economiccollapseblog","tag-financial-crisis","tag-michael-snyder","tag-stock-market","tag-stock-market-wealth","tag-wealth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12951","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=12951"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12951\/revisions"}],"predecessor-version":[{"id":12952,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12951\/revisions\/12952"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}