{"id":9555,"date":"2015-06-30T06:56:18","date_gmt":"2015-06-30T11:56:18","guid":{"rendered":"http:\/\/olduvai.ca\/?p=9555"},"modified":"2015-06-30T06:56:18","modified_gmt":"2015-06-30T11:56:18","slug":"16-facts-about-the-tremendous-financial-devastation-that-we-are-seeing-all-over-the-world","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=9555","title":{"rendered":"16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World"},"content":{"rendered":"

16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World<\/a><\/h3>\n

\"Fireball<\/a>As we enter\u00a0the second half of 2015<\/a>, financial panic has gripped most of the globe.\u00a0 Stock prices are crashing in China, in Europe and in the United States.\u00a0 Greece is on the verge\u00a0of a historic default<\/a>, and now Puerto Rico and Ukraine are both threatening to default on their debts if they do not receive concessions from their creditors.\u00a0 Not since the financial crisis of 2008 has so much financial chaos been unleashed all at once.\u00a0 Could it be possible that the great financial crisis of 2015 has begun?\u00a0 The following are 16 facts about the tremendous financial devastation that is happening all over the world right now\u2026<\/p>\n

1.<\/strong>\u00a0On Monday, the Dow fell by\u00a0350 points<\/a>.\u00a0 That was the biggest one day decline that we have seen\u00a0in two years<\/a>.<\/p>\n

2.<\/strong>\u00a0In Europe, stocks got absolutely smashed.\u00a0 Germany\u2019s DAX index dropped\u00a03.6 percent<\/a>, and France\u2019s CAC 40 was down\u00a03.7 percent<\/a>.<\/p>\n

3.<\/strong>\u00a0After Greece, Italy is considered to be the most financially troubled nation in the eurozone, and on Monday Italian stocks were down\u00a0more than 5 percent<\/a>.<\/p>\n

4.<\/strong>\u00a0Greek stocks were down an astounding\u00a018 percent<\/a>\u00a0on Monday.<\/p>\n

5.<\/strong>\u00a0As the week began, we witnessed the largest one day increase in European bond spreads that we have seen\u00a0in seven years<\/a>.<\/p>\n

6.<\/strong>\u00a0Chinese stocks have already met the official definition of being in a \u201cbear market\u201d \u2013 the Shanghai Composite is already down\u00a0more than 20 percent<\/a>\u00a0from the high earlier this year.<\/p>\n

7.<\/strong>\u00a0Overall, this Chinese stock market crash is the worst that we have witnessed\u00a0in 19 years<\/a>.<\/p>\n

8.<\/strong>\u00a0On Monday, Standard & Poor\u2019s slashed Greece\u2019s credit rating once again and publicly stated that it believes that Greece now has a\u00a050 percent chance<\/a>\u00a0of leaving the euro.<\/p>\n

9.<\/strong>\u00a0On Tuesday, Greece is scheduled to make a\u00a01.6 billion euro loan repayment<\/a>.\u00a0 One Greek official\u00a0has already stated<\/a>\u00a0that this is not going to happen.<\/p>\n

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

\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World As we enter\u00a0the second half of 2015, financial panic has gripped most of the globe.\u00a0 Stock prices are crashing in China, in Europe and in the United States.\u00a0 Greece is on the verge\u00a0of a historic default, and now Puerto Rico […]<\/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":[1989,130,3325,181,195,6847,3461,200,6061,312,6848,6849,4860,6063,6850,1167,6066,6851,3824,6536,6852,6853,6854,821,827,6855],"class_list":["post-9555","post","type-post","status-publish","format-standard","hentry","category-economics","tag-1989","tag-china","tag-creditors","tag-crisis","tag-debt","tag-debt-default","tag-debts","tag-default","tag-financial","tag-financial-crisis","tag-financial-crisis-of-2015","tag-financial-devastation","tag-financial-panic","tag-global","tag-globe","tag-greece","tag-panic","tag-planet","tag-puerto-rico","tag-second-half-of-2015","tag-stock-market-crash-of-2015","tag-stock-prices-are-crashing","tag-stocks-are-crashing","tag-ukraine","tag-united-states","tag-world"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9555","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=9555"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9555\/revisions"}],"predecessor-version":[{"id":9556,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9555\/revisions\/9556"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}