{"id":42231,"date":"2019-01-04T08:08:28","date_gmt":"2019-01-04T13:08:28","guid":{"rendered":"https:\/\/olduvai.ca\/?p=42231"},"modified":"2019-01-04T08:08:28","modified_gmt":"2019-01-04T13:08:28","slug":"the-stock-market-crash-of-2018-is-rapidly-transforming-into-the-financial-crisis-of-2019","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=42231","title":{"rendered":"The \u201cStock Market Crash Of 2018\u201d Is Rapidly Transforming Into \u201cThe Financial Crisis Of 2019\u201d"},"content":{"rendered":"
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The \u201cStock Market Crash Of 2018\u201d Is Rapidly Transforming Into \u201cThe Financial Crisis Of 2019\u201d<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>Stock markets are crashing all over the world, we are seeing extremely violent \u201cflash crashes\u201d in the forex marketplace, economic conditions are slowing down all over the globe, and fear is causing many investors to become extremely trigger happy.\u00a0 The stock market crash of 2018 wiped out approximately 12 trillion dollars<\/a> in global stock market wealth, but things were supposed to calm down once we got into 2019.\u00a0 But clearly that is not happening.\u00a0 After Apple announced that their sales during the first quarter are going to be much, much lower than previously anticipated<\/a>, Apple\u2019s stock price started shooting down like a rocket and by the end of the session on Wednesday the company had lost 75 billion dollars<\/strong> in market capitalization.\u00a0 Meanwhile, \u201cflash crashes\u201d caused some of the most violent swings that we have ever seen<\/a> in the foreign exchange markets\u2026<\/p>\n

It took seven minutes<\/strong> for the yen to surge through levels that have held through almost a decade.<\/p>\n

In those wild minutes from about 9:30 a.m. Sydney, the yen jumped almost 8 percent against the Australian dollar<\/strong> to its strongest since 2009, and surged 10 percent versus the Turkish lira. The Japanese currency rose at least 1 percent versus all its Group-of-10 peers, bursting through the 72 per Aussie level that has held through a trade war, a stock rout, Italy\u2019s budget dispute and Federal Reserve rate hikes.<\/p><\/blockquote>\n

This is the kind of chaos that we only see during a financial crisis.<\/p>\n

Investors are also being rattled by the fact that China just experienced its first factory activity contraction in over two years<\/a>\u2026<\/p>\n

The People\u2019s Bank of China said on Wednesday evening it had relaxed its conditions on targeted reserve requirement cuts to benefit more small firms.<\/p><\/blockquote>\n

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

The \u201cStock Market Crash Of 2018\u201d Is Rapidly Transforming Into \u201cThe Financial Crisis Of 2019\u201d Stock markets are crashing all over the world, we are seeing extremely violent \u201cflash crashes\u201d in the forex marketplace, economic conditions are slowing down all over the globe, and fear is causing many investors to become extremely trigger happy.\u00a0 The […]<\/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":[21635,3334,195,4106,6061,6125,1849,7196,21316,4754,21317,15959,21781,21318,6065,480,488,4427,506,4901,536,6066,20901,1615,6585,7553,1138,4562,3783,23628,2731,23629,21920,5221,753,21921,1469,7452,23630,6540,860,21319],"class_list":["post-42231","post","type-post","status-publish","format-standard","hentry","category-economics","tag-21635","tag-anxiety","tag-debt","tag-debt-crisis","tag-financial","tag-financial-marketplace","tag-financial-markets","tag-global-debt-crisis","tag-global-financial-marketplace","tag-global-financial-markets","tag-global-panic","tag-going-into-debt","tag-into-debt","tag-investor-panic","tag-investors","tag-lending","tag-loans","tag-market-volatility","tag-markets","tag-michael-snyder","tag-money","tag-panic","tag-perfect-storm","tag-spending","tag-stock-bubble","tag-stock-crash","tag-stock-market","tag-stock-market-bubble","tag-stock-market-collapse","tag-stock-market-collapse-2019","tag-stock-market-crash","tag-stock-market-crash-2019","tag-stock-market-volatility","tag-stock-prices","tag-stocks","tag-stocks-are-overvalued","tag-stress","tag-the-economic-collapse-blog","tag-the-stock-market-crash-of-2019","tag-u-s-stocks","tag-wall-street","tag-what-is-coming"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42231","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=42231"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42231\/revisions"}],"predecessor-version":[{"id":42232,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42231\/revisions\/42232"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}