{"id":7528,"date":"2015-04-24T06:38:02","date_gmt":"2015-04-24T11:38:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=7528"},"modified":"2015-04-24T06:38:02","modified_gmt":"2015-04-24T11:38:02","slug":"11-signs-that-we-are-entering-the-next-phase-of-the-global-economic-crisis","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=7528","title":{"rendered":"11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis"},"content":{"rendered":"<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/11-signs-that-we-are-entering-the-next-phase-of-the-global-economic-crisis\" target=\"_blank\">11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis<\/a><\/h3>\n<p>Well, the Nasdaq finally did it.\u00a0 It has climbed all the way back to where it was at the peak of the dotcom bubble.\u00a0 Back in March 2000, the Nasdaq set an all-time record high of 5,048.62.\u00a0 On Thursday, after all these years, that all-time record was finally eclipsed.\u00a0 The Nasdaq closed at 5056.06, and Wall Street greatly rejoiced.\u00a0 So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later.\u00a0 Unfortunately, the truth is that stocks have not been soaring because the U.S. economy is fundamentally strong.\u00a0 Just like the last two times, what we are witnessing is an\u00a0<a title=\"irrational financial bubble\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/hopium-how-far-can-irrational-optimism-take-the-u-s-economy\">irrational financial bubble<\/a>.\u00a0 Sometimes these irrational bubbles can last for a surprisingly long time, but in the end they always burst.\u00a0 And even now there are signs of economic trouble bubbling to the surface all around us.\u00a0 The following are 11 signs that we are entering the next phase of the global economic crisis\u2026<\/p>\n<p><strong>#1<\/strong>\u00a0It is being projected that\u00a0<strong>half<\/strong>\u00a0of all fracking companies in the United States will be \u201c<a title=\"dead or sold\" href=\"http:\/\/finance.yahoo.com\/news\/half-u-fracking-companies-dead-162143399.html\" target=\"_blank\">dead or sold<\/a>\u201d by the end of this year.<\/p>\n<p><strong>#2<\/strong>\u00a0The rig count just continues to fall as the U.S. oil industry implodes.\u00a0 Incredibly, the number of rigs in operation in the United States has fallen\u00a0<a title=\"for 19 weeks in a row\" href=\"http:\/\/www.zerohedge.com\/news\/2015-04-17\/us-rig-count-drops-record-19th-week-row\" target=\"_blank\">for 19 weeks in a row<\/a>.<\/p>\n<p><strong>#3<\/strong>\u00a0McDonald\u2019s has announced that it\u00a0<a title=\"will be closing\" href=\"http:\/\/www.newsmax.com\/newswidget\/mcdonalds-closing-hundreds-stores\/2015\/04\/23\/id\/640240\/?Dkt_nbr=164BF-1&amp;nmx_source=GateHouse_Generic&amp;nmx_medium=widget&amp;nmx_content=327&amp;nmx_campaign=widgetphase2\" target=\"_blank\">will be closing<\/a>\u00a0700 \u201cpoor performing\u201d restaurants in 2015.\u00a0 Why would McDonald\u2019s be doing this if the economy was actually getting better?<\/p>\n<p><strong>#4<\/strong>\u00a0As I wrote about\u00a0<a title=\"the other day\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/grexit-remaining-in-the-eurozone-is-no-longer-the-base-case-for-greece\">the other day<\/a>, we could be right on the verge of a Greek debt default.\u00a0 In fact, we learned on Thursday that the Greek government has been \u201c<a title=\"running on empty\" href=\"http:\/\/www.dailymail.co.uk\/news\/article-3052332\/Greece-running-Deputy-finance-minister-says-country-verge-bankruptcy-unable-pay-wages-tax-HQ-electricity-cut-off.html\" target=\"_blank\">running on empty<\/a>\u201d for months\u2026<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis Well, the Nasdaq finally did it.\u00a0 It has climbed all the way back to where it was at the peak of the dotcom bubble.\u00a0 Back in March 2000, the Nasdaq set an all-time record high of 5,048.62.\u00a0 On Thursday, after all [&hellip;]<\/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":[195,200,239,3920,312,331,1167,4920,4919,3450,860],"class_list":["post-7528","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-default","tag-economic-crisis","tag-financial-bubble","tag-financial-crisis","tag-fracking","tag-greece","tag-mcdonalds","tag-nasdaq","tag-us-oil-rig-count","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7528","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=7528"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7528\/revisions"}],"predecessor-version":[{"id":7529,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7528\/revisions\/7529"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}