posted on Jun, 2 2013 @ 09:09 PM
Originally posted by surrealist
A great article by the author of the economic collapse commentary with a list of eighteen supporting data sets.
Media and financial and economic analysts are trying hard to sell their crack hopium of a world economy that is improving, but the data is showing
something else. While there are green shoots here and there, the overall picture isn’t looking great. And this is the economic performance of a
world economy that is pumping trillions of dollars into every month – a life support system that is barely keeping the patient alive.
What would become of global finance and the economy should another shock hit? Or any one or more of the bubbles burst? Government and central bank
policy tools are already being used to the point of fatigue and exhaustion. There will be very little capacity to contain the next global financial
Article highlights below.....
This is no time to be complacent. Massive economic problems are erupting all over the globe.... Just look at what is happening in Europe. The
eurozone is now in the midst of the longest recession that it has ever experienced. Just look at what is happening over in Asia. Economic growth in
India is the lowest that it has been in a decade and the Japanese financial system is beginning to spin wildly out of control.
The following are 18 signs that massive economic problems are erupting all over the planet...
#1 The eurozone is now in the midst of its longest recession ever.
#2 Italy's economy has now been contracting for seven quarters in a row.
#3 Industrial production in Italy has fallen for 15 months in a row.
#4 The number of people that are considered to be "seriously deprived" in Italy has doubled over the past two years.
#5 Consumer confidence in France has just hit a new all-time low.
#6 The number of unemployed workers seeking a job in France has hit a brand new all-time record high.
#7 Unemployment in the eurozone as a whole has just hit a brand new all-time record high of 12.2 percent.
#8 Youth unemployment continues to soar to unprecedented heights in Europe.
#9 Youth unemployment is being partially blamed for the worst rioting that Sweden has seen in many years.
#10 An astounding 10 percent of all banking deposits were pulled out of banks in Cyprus during the month of April alone.
#11 Economic growth in India is the slowest that it has been in an entire decade.
#12 Suddenly Australia is experiencing some tremendous economic challenges.
#13 The financial system in Japan is beginning to spin wildly out of control.
#14 Global cash flow is declining at a rate not seen since the last recession.
#15 Real wages continue to decline in the United States.
#16 Wall Street is buzzing about the fact that "the Hindenburg Omen" appeared at the end of last week.
#17 As I wrote about the other day, the SentimenTrader Smart/Dumb Money Index is now the lowest that it has been in more than two years.
#18 Margin debt on the New York Stock Exchange has set a new all-time high.
A good find, and thank you.
It seems "the Hindenburg Omen" reared up a little worse in a second consecutive week of
trading, so said The Street. There's your verification of the stock/metals bubble about to go.
Also a bunch of major players are dancing at the doorway right now, but not quite through it
yet. The next 30-45 calendar days will be lynchpin to the Dow's average maybe taking a
BIG correction, right on cue with the middle of a POTUS term...
As a rank amatuer I'd recommend selling off anything but utilities, defense and pharmas,
with low confidence in the latter anyway. I got out completely in ''99, too much stomach acid.
"Get to the CHOPPA!" Arnold S.