{"id":15244,"date":"2015-12-14T07:04:30","date_gmt":"2015-12-14T12:04:30","guid":{"rendered":"http:\/\/olduvai.ca\/?p=15244"},"modified":"2015-12-14T07:04:48","modified_gmt":"2015-12-14T12:04:48","slug":"december-14th-to-18th-a-week-of-reckoning-for-global-stocks-if-the-fed-hikes-interest-rates","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=15244","title":{"rendered":"December 14th To 18th: A Week Of Reckoning For Global Stocks If The Fed Hikes Interest Rates?"},"content":{"rendered":"<div class=\"post-headline\">\n<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/december-14th-to-18th-a-week-of-reckoning-for-global-stocks-if-the-fed-hikes-interest-rates\" target=\"_blank\">December 14th To 18th: A Week Of Reckoning For Global Stocks If The Fed Hikes Interest Rates?<\/a><\/h3>\n<\/div>\n<div class=\"post-bodycopy clearfix\">\n<p><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/december-14th-to-18th-a-week-of-reckoning-for-global-stocks-if-the-fed-hikes-interest-rates\/time-of-reckoning-public-domain\" rel=\"attachment wp-att-9578\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-9578\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2015\/12\/Time-Of-Reckoning-Public-Domain-460x460.jpg\" alt=\"Time Of Reckoning - Public Domain\" width=\"460\" height=\"460\" \/><\/a>Are we about to witness widespread panic in the global financial marketplace?\u00a0 This week is shaping up to be an absolutely critical week for global stocks.\u00a0 Coming into December, more than half of the 93 largest stock market indexes in the world\u00a0<a title=\"were down more than 10 percent year to date\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-global-commodity-crash-tells-us-that-a-major-deflationary-financial-crisis-is-imminent\">were down more than 10 percent year to date<\/a>, and last week stocks really started to slide all over the world.\u00a0 Here in the United States, the Dow Jones Industrial Average is down about 600 points over the past week or so, and at this point it is down more than 1000 points from the peak of the market.\u00a0 That brings us to this week, during which the Federal Reserve is expected to raise interest rates for the very first time since the last financial crisis.\u00a0 If that happens, that could potentially be enough to accelerate this \u201cslide\u201d into a full-blown crash.<\/p>\n<p>And just look at what is already happening.\u00a0 Trading for stocks in the Middle East has opened for the week, and we are already witnessing\u00a0<a title=\"tremendous carnage\" href=\"http:\/\/www.zerohedge.com\/news\/2015-12-13\/middle-east-opens-weak-dubai-stocks-slump-2-year-lows-financials-tumble\" target=\"_blank\">tremendous carnage<\/a>\u2026<\/p>\n<blockquote><p>Following Friday\u2019s further freefall in crude oil prices,\u00a0<strong>The Middle East is opening down notably<\/strong>. Abu Dhabi, Saudi, and Kuwait are lower; Israel is weak and UAE and Qatar are tumbling, but Dubai is worst for now.\u00a0\u00a0<strong>Dubai is down for the 6th day in a row<\/strong>\u00a0(dropping over 3% \u2013 the most in a month) extending the opening losses to 2-year lows. The\u00a0<strong>11% drop in the last 6 days<\/strong>\u00a0is the largest since the post-China-devaluation global stock collapse. Leading the losses are financial and property firms.<\/p><\/blockquote>\n<p>Things in Asia look very troubling as well.\u00a0 As I write this, the Japanese market has just opened, and the Nikkei is already down 508 points.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>December 14th To 18th: A Week Of Reckoning For Global Stocks If The Fed Hikes Interest Rates? Are we about to witness widespread panic in the global financial marketplace?\u00a0 This week is shaping up to be an absolutely critical week for global stocks.\u00a0 Coming into December, more than half of the 93 largest stock market [&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":[5983,303,305,11028,2468,431,501,4901],"class_list":["post-15244","post","type-post","status-publish","format-standard","hentry","category-economics","tag-economiccollapseblog","tag-fed","tag-federal-reserve","tag-global-stocks","tag-interest-rate-hike","tag-interest-rates","tag-market-crash","tag-michael-snyder"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15244","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=15244"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15244\/revisions"}],"predecessor-version":[{"id":15246,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15244\/revisions\/15246"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}