{"id":3031,"date":"2014-12-15T14:47:55","date_gmt":"2014-12-15T19:47:55","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3031"},"modified":"2014-12-15T14:47:55","modified_gmt":"2014-12-15T19:47:55","slug":"we-just-witnessed-the-worst-week-for-global-financial-markets-in-3-years","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3031","title":{"rendered":"We Just Witnessed The Worst Week For Global Financial Markets In 3 Years"},"content":{"rendered":"

We Just Witnessed The Worst Week For Global Financial Markets In 3 Years<\/a>.<\/p>\n

Is this the start of the next major financial crisis?\u00a0 The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet.\u00a0 On June 16th, U.S. oil was trading at a price of $107.52.\u00a0 Since then, it has fallen by almost 50 dollars in less than 6 months.\u00a0 This has only happened one other time in our history.\u00a0 In the summer of 2008, the price of oil utterly collapsed and\u00a0we all remember what happened after that<\/a>.\u00a0 Well, the same patterns that we witnessed back in 2008 are happening again.\u00a0 As the price of oil crashed in 2008, so did prices for a whole host of other commodities.\u00a0 That is\u00a0happening again<\/a>.\u00a0 Once commodities started crashing, the market for junk bonds\u00a0started to implode<\/a>.\u00a0 That is also\u00a0happening again<\/a>.\u00a0 Finally, toward the end of 2008, we witnessed a horrifying stock market crash.\u00a0 Could we be on the verge of another major one?\u00a0 Last week was the worst week for the Dow in more than three years, and stock markets all over the world are crashing right now.\u00a0 Bad financial news continues to roll in from the four corners of the globe on an almost hourly basis.\u00a0 Have we finally reached the \u201ctipping point\u201d that so many have been warning about?<\/p>\n

What we witnessed last week is being described as \u201ca bloodbath<\/a>\u201d that was truly global in scope.\u00a0 The following is how\u00a0Zero Hedge<\/a>summarized the carnage\u2026<\/p>\n

<\/p>\n

<\/a>…click on the above link to read the rest of the article…<\/span><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

We Just Witnessed The Worst Week For Global Financial Markets In 3 Years. Is this the start of the next major financial crisis?\u00a0 The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet.\u00a0 On June 16th, U.S. oil was trading at a price of $107.52.\u00a0 Since then, […]<\/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":[236,312,501],"class_list":["post-3031","post","type-post","status-publish","format-standard","hentry","category-economics","tag-economic-collapse","tag-financial-crisis","tag-market-crash"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3031","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=3031"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3031\/revisions"}],"predecessor-version":[{"id":3032,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3031\/revisions\/3032"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}