{"id":16353,"date":"2016-01-12T12:16:36","date_gmt":"2016-01-12T17:16:36","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16353"},"modified":"2016-01-12T12:16:36","modified_gmt":"2016-01-12T17:16:36","slug":"the-financial-crisis-of-2016-rolls-on-china-oil-copper-and-junk-bonds-all-continue-to-crash","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16353","title":{"rendered":"The Financial Crisis Of 2016 Rolls On \u2013 China, Oil, Copper And Junk Bonds All Continue To Crash"},"content":{"rendered":"<div class=\"post-headline\">\n<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-financial-crisis-of-2016-rolls-on-china-oil-copper-and-junk-bonds-all-continue-to-crash\" target=\"_blank\">The Financial Crisis Of 2016 Rolls On \u2013 China, Oil, Copper And Junk Bonds All Continue To Crash<\/a><\/h3>\n<\/div>\n<div class=\"post-byline\"><\/div>\n<div class=\"post-bodycopy clearfix\">\n<p><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-financial-crisis-of-2016-rolls-on-china-oil-copper-and-junk-bonds-all-continue-to-crash\/buy-sell-public-domain\" rel=\"attachment wp-att-9698\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-9698\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2016\/01\/Buy-Sell-Public-Domain-460x325.jpg\" alt=\"Buy Sell - Public Domain\" width=\"460\" height=\"325\" \/><\/a>Never before have we seen a year start like this.\u00a0 On Monday, Chinese stocks crashed once again.\u00a0 The Shanghai Composite Index plummeted another 5.29 percent, and this comes on the heels of two historic single day crashes\u00a0<a title=\"last week\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/7-percent-crash-causes-emergency-shutdown-of-stock-markets-in-china-for-the-2nd-time-in-4-days\">last week<\/a>.\u00a0 All of this chaos over in China is one of the factors that continues to push commodity prices even lower.\u00a0 Today the price of copper fell another 2.40 percent to $1.97, and the price of oil continued to implode.\u00a0 At one point the price of U.S. oil plunged all the way down to $30.99 a barrel before rebounding just a little bit.\u00a0 As I write this article, oil is down a total of 6.12 percent for the day and is currently sitting at $31.13.\u00a0 U.S. stocks were mixed on Monday, but it is important to note that the Russell 2000 did officially enter bear market territory.\u00a0 This is yet another confirmation of what I was talking about\u00a0<a title=\"yesterday\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/bear-market-the-average-u-s-stock-is-already-down-more-than-20-percent\">yesterday<\/a>.\u00a0 And junk bonds continue to plummet.\u00a0 As I write this, JNK is down to 33.42.\u00a0 All of these numbers are huge red flags that are screaming that big trouble is ahead.\u00a0 Unfortunately, the mainstream media continues to insist that there is absolutely nothing to be concerned about.<\/p>\n<p>A little over a year ago, I wrote an article that explained that anyone that believed that low oil prices were good for the economy was \u201c<a title=\"crazy\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/anyone-believes-collapsing-oil-prices-good-economy-crazy\">crazy<\/a>\u201c.\u00a0 At the time, many people really didn\u2019t understand what I was trying to communicate, but now it is becoming exceedingly clear.\u00a0 On Monday, one veteran oil and gas analyst\u00a0<a title=\"told CNBC\" href=\"http:\/\/www.cnbc.com\/2016\/01\/11\/half-of-us-shale-drillers-may-go-bankrupt-oppenheimers-gheit.html\" target=\"_blank\">told CNBC<\/a>\u00a0that \u201chalf of U.S. shale oil producers could go bankrupt\u201d over the next couple of years\u2026<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Crisis Of 2016 Rolls On \u2013 China, Oil, Copper And Junk Bonds All Continue To Crash Never before have we seen a year start like this.\u00a0 On Monday, Chinese stocks crashed once again.\u00a0 The Shanghai Composite Index plummeted another 5.29 percent, and this comes on the heels of two historic single day crashes\u00a0last [&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":[130,964,2656,5983,1297,496,4901,588,1775,1138,846],"class_list":["post-16353","post","type-post","status-publish","format-standard","hentry","category-economics","tag-china","tag-cnbc","tag-copper","tag-economiccollapseblog","tag-junk-bonds","tag-mainstream-media","tag-michael-snyder","tag-oil","tag-oil-price-collapse","tag-stock-market","tag-us-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16353","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=16353"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16353\/revisions"}],"predecessor-version":[{"id":16354,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16353\/revisions\/16354"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}