{"id":39772,"date":"2018-10-27T09:25:51","date_gmt":"2018-10-27T14:25:51","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39772"},"modified":"2018-10-27T09:25:52","modified_gmt":"2018-10-27T14:25:52","slug":"is-the-long-anticipated-crash-now-upon-us","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39772","title":{"rendered":"Is The Long-Anticipated Crash Now Upon Us?"},"content":{"rendered":"
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Shutterstock<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Is The Long-Anticipated Crash Now Upon Us?<\/a><\/h3>\n
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Is this the market’s breaking point?<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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I admit: I’m a permabear.<\/p>\n

This is no surprise to those who know and have followed me over the years. But I’m publicly proclaiming my ‘bearishness’ because doing so might open up a needed and long overdue dialog.<\/p>\n

Here’s my fundamental position:\u00a0 Infinite growth on a finite planet is impossible.\u00a0 <\/em><\/strong><\/p>\n

Cutting to the chase, this is why I predict a major crash\/collapse across stocks, bonds and real estate is on the way.<\/p>\n

The recent market weakness seen over the past two weeks is nothing compared to what’s in store.\u00a0 As we\u2019ve been carefully chronicling<\/a>, bubbles burst from \u2018the outside in\u2019, starting at the weaker places at the periphery before progressing to the center.<\/p>\n

Emerging market equities are now down -26% from their January highs and -18% year-to-date.\u00a0 China’s stocks market is down -32%, even with substantial intervention by the government to prop things up.<\/p>\n

The periphery has been weakening all year, and the contagion has now spead worldwide.<\/p>\n

Taken as a whole, global equities have shed some $13 trillion of market capitalization for a -15% decline:<\/p>\n

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The rot has spread to the core with surprising speed. Now even the formerly bullet-proof US equity markets are stumbling.<\/p>\n

The S&P 500 is now negative on the year:<\/p>\n

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It\u2019s been obvious for a long time to those who have watched The Crash Course<\/a> that endless growth is simply not possible. Not for a bacteria colony in a petrie dish, not for an economy, not for any species on the planet. Eventually, when finite resources are involved, limits matter.<\/p>\n

But the vast majority of society pretends as if this isn’t true.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shutterstock Is The Long-Anticipated Crash Now Upon Us? Is this the market’s breaking point? I admit: I’m a permabear. This is no surprise to those who know and have followed me over the years. But I’m publicly proclaiming my ‘bearishness’ because doing so might open up a needed and long overdue dialog. Here’s my fundamental […]<\/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":[5185,88,130,3596,173,195,240,1732,263,273,374,391,1297,4148,501,2218,1716,1138,753,12676],"class_list":["post-39772","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bond-market","tag-bonds","tag-china","tag-chris-martenson","tag-crash","tag-debt","tag-economic-growth","tag-emerging-markets","tag-energy","tag-equities","tag-gold","tag-growth","tag-junk-bonds","tag-market-correction","tag-market-crash","tag-peak-prosperity","tag-sp-500","tag-stock-market","tag-stocks","tag-us-treasurys"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39772","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=39772"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39772\/revisions"}],"predecessor-version":[{"id":39773,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39772\/revisions\/39773"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}