{"id":16604,"date":"2016-01-17T18:04:47","date_gmt":"2016-01-17T23:04:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16604"},"modified":"2016-01-17T18:04:47","modified_gmt":"2016-01-17T23:04:47","slug":"the-financial-apocalypse-accelerates-as-middle-east-stocks-crash-to-begin-the-week","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16604","title":{"rendered":"The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week"},"content":{"rendered":"
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The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week<\/a><\/h3>\n<\/div>\n
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\"Apocalyptic<\/a>It looks like it is going to be another chaotic week for global financial markets.\u00a0 On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East.\u00a0 Stocks in Kuwait were down 3.1 percent, stocks in Saudi Arabia plummeted 5.4 percent, and stocks in Qatar experienced a mammoth 7 percent decline.\u00a0 And of course all of this comes in the context of a much larger long-term decline for Middle Eastern stocks.\u00a0 At this point, Saudi Arabian stocks are down\u00a0more than 50 percent<\/strong>\u00a0from their 2014 highs.\u00a0 Needless to say, a lot of very wealthy people in Saudi Arabia are getting very nervous.\u00a0 Could you imagine waking up someday and realizing that more than half of your fortune had been wiped out?\u00a0 Things aren\u2019t that bad in the U.S.\u00a0quite yet<\/a>, but it looks like another rough week could be ahead.\u00a0 The Dow, the S&P 500 and the Nasdaq are all down at least 12 percent from their 52-week highs, and the Russell 2000 is already in bear market territory.\u00a0 Hopefully this week will not be as bad as\u00a0last week<\/a>, but events are starting to move very rapidly now.<\/p>\n

Much of the chaos around the globe is being driven by the price of oil.\u00a0 At the end of last week the price of oil dipped below 30 dollars a barrel, and now Iran has announced plans\u00a0\u201cto add 1 million barrels to its daily crude production\u201d<\/a>\u2026<\/p>\n

Iran could get more than five times as much cash from oil sales by year-end as the lifting of economic sanctions frees the OPEC member to boost crude exports and attract foreign investment needed to rebuild its energy industry<\/strong>.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week It looks like it is going to be another chaotic week for global financial markets.\u00a0 On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East.\u00a0 Stocks in Kuwait were down 3.1 percent, […]<\/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":[4333,6069,1606,500,501,4901,522,588,600,1026,701,1138],"class_list":["post-16604","post","type-post","status-publish","format-standard","hentry","category-economics","tag-crude","tag-economic-collapse-blog","tag-kuwait","tag-market-collapse","tag-market-crash","tag-michael-snyder","tag-middle-east","tag-oil","tag-opec","tag-qatar","tag-saudi-arabia","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16604","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=16604"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16604\/revisions"}],"predecessor-version":[{"id":16605,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16604\/revisions\/16605"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}