{"id":5239,"date":"2015-02-03T20:24:03","date_gmt":"2015-02-04T01:24:03","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5239"},"modified":"2015-02-03T20:24:03","modified_gmt":"2015-02-04T01:24:03","slug":"birth-pangs-of-the-coming-great-depression-2","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5239","title":{"rendered":"Birth Pangs Of The Coming Great Depression"},"content":{"rendered":"

Birth Pangs Of The Coming Great Depression<\/a><\/h3>\n

The signs of the times are everywhere \u2013 all you have to do is open up your eyes and look at them.\u00a0 When a pregnant woman first goes into labor, the birth pangs are usually fairly moderate and are not that close together.\u00a0 But as the time for delivery approaches, they become much more frequent and much more intense.\u00a0 Economically, what we are experiencing right now are birth pangs of the coming Great Depression.\u00a0 As we get closer to the crisis that is looming on the horizon, they will become even more powerful.\u00a0 This week, we learned that the Baltic Dry Index has fallen to the lowest level that we have seen\u00a0in 29 years<\/a>.\u00a0 The Baltic Dry Index also crashed during the financial collapse of 2008, but right now it is already lower than it was at any point during the last financial crisis.\u00a0 In addition, \u201cDr. Copper\u201d and other industrial commodities continue to plunge.\u00a0 This almost always happens before we enter an economic downturn.\u00a0 Meanwhile, as I mentioned\u00a0the other day<\/a>, orders for durable goods are declining.\u00a0 This is also a traditional indicator that a recession is approaching.\u00a0 The warning signs are there \u2013 we just have to be open to what they are telling us.<\/p>\n

And of course there are so many more parallels between past economic downturns and what is happening right now.<\/p>\n

For example, volatility has returned to the markets in a big way.\u00a0 On Tuesday the Dow was down about 300 points, on Wednesday it was down another couple hundred points, and then on Thursday it was up a couple hundred points.<\/p>\n

This is precisely how markets behave\u00a0just before they crash<\/a>.\u00a0 When markets are calm, they tend to go up.\u00a0 When markets get really choppy and start behaving erratically, that tells us that a big move down is usually coming.<\/p>\n

At the same time, almost every major global currency is imploding.\u00a0 For much more on this, see the amazing charts in\u00a0this article<\/a>.<\/p>\n

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

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

Birth Pangs Of The Coming Great Depression The signs of the times are everywhere \u2013 all you have to do is open up your eyes and look at them.\u00a0 When a pregnant woman first goes into labor, the birth pangs are usually fairly moderate and are not that close together.\u00a0 But as the time for […]<\/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":[2310,236,238,500,501,1264],"class_list":["post-5239","post","type-post","status-publish","format-standard","hentry","category-economics","tag-depression","tag-economic-collapse","tag-economic-crash","tag-market-collapse","tag-market-crash","tag-recession"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5239","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=5239"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5239\/revisions"}],"predecessor-version":[{"id":5240,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5239\/revisions\/5240"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}