Are prospects of a global financial and economic collapse waning as global manufacturing stabilizes?

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posted on Jul, 1 2013 @ 08:43 PM
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For well over two years I have been anticipating some kind of financial and economic collapse to hit the world following on from the global financial crisis in 2008. I realize there have been signs of recovery each year, particularly in 2010, that never actually gained sufficient traction globally to confirm a full recovery.

But now there's data coming out to suggest recovery is taking hold where it is being reported that global manufacturing has stablized and the UK economy is strengthening with its manufacturing growing at the fastest pace in two years. This as well as the US manufacturing having bounced back in June and Japan's June manufacturing PMI showed its fastest growth in over two years.

Sure there is still a number of PMI in contraction and there's ambiguity about whether the global economic recovery is fully assured at this stage, but if the canary in the coal mine is the Eurozone, well apparently markets are responding very kindly to encouraging manufacturing data which suggests the eurozone economy may be climbing out of recession.

Given PMI readings are early indicators of economic activity, perhaps the world will see a pick up in their economies in coming months and the recovery take hold?

Now if that is perhaps a little too optimistic, then consider, what in the current set of global economic data indicates global economic collapse is at any time forthcoming?

If you were to mention global unemployment levels and social disturbance and protests and so on, you'd have a listening ear because that does seem to be one indicator that things aren't as well as what some of the pollyanna analysts and economists would have their audience believe, or what the positive headlines and headline data suggests.

Just seems lately there's been an increase in reporting more 'good', 'reasonably favourable', 'green shoots' and 'promising' economic data.




posted on Jul, 1 2013 @ 09:00 PM
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reply to post by surrealist
 


Dear surrealist,

Things are not better and they are not going to get better soon, eventually, they will get a lot worse. What you are witnessing is a controlled implosion, that is what Quantitative easing is all about, it is about delaying the inevitable. The financial media is owned and controlled by the market leaders, consider Bloomberg. If you want to know what is coming, look to the infrastructure that is being built to deal with the future.

IMF - The Chicago Plan Revisited

Resolving Globally Active, Systemically Important, Financial Institutions

ECONOMIC ACTION PLAN 2013. Check out pages 144 and 145.

The Telegraph - EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues

Isn't if funny that we are all preparing for the same thing and have basically the same response planned? Rome was not burnt in a day.



posted on Jul, 1 2013 @ 09:07 PM
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reply to post by surrealist
 


The problem is the economic crisis is pretty much in the point of no return sure we see improvements but that will soon be curtailed



posted on Jul, 4 2013 @ 01:41 PM
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The sad part is that anyone believes these "reports" as any sign of some kind of truth in recovery.

It is like people can stare in the face of a dilapidated economy, continue to watch people without jobs, continue to watch as no jobs return, but because these "reports" and the stock market is on the up, that must mean that everything is honky dorey.

Nope.

Employment makes or breaks an economy. If you look are realistic numbers - there are over 200-300 thousand people entering the workforce each month in the US, and that isn't even counting immigrants, legal or not. That means that the 100k jobs that are being added, aren't accounting for even half of those jobs. That means that regardless of what the "numbers" say that are released by big brother, unemployment is higher than ever reported, more so around the 30% range.

The reports can say all they want, but reality... actually being out in the country tells a completely different story. It is a story of lost hope and it is losing more and more each day.

There is no recovery from this. Our economy is quite literally a bomb. We can stave it off for too long, but the more we waste our country's money on holding off a crisis, the less our money is worth, the less countries will support us and it as a reserve currency, and the greater the fall will be in the end.

The question only remains as to when "the end" will come.



posted on Jul, 4 2013 @ 01:50 PM
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To be honest, many of you are fear mongering. The global economy goes through a cyclical cycle and it has is shares of peeks, valleys and sheer cliffs.

I will not deny that the current state of the economy is not good, but it has always been in a very tentative and fluid state.

Please note that even the small macroeconomic event can drastically effect the markets.

When the U.S sneezes, the rest of the world has a heart attack in terms of economics. If the US was to have a power outage for lets say a week, the global economy would go into its death throes. My point of bringing this up is this; you should not be overly concerned about a global financial collapse as it could happen at any time for any unexpected reason.

It would be like constantly being worried about a car striking you dead. It does no good to worry about it, because it either happens rarely or something is in place to counter balance any shift.



posted on Jul, 4 2013 @ 10:16 PM
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The problem is that our current financial system is based on perpetual growth, which is unsustainable. Resources are finite and it is time to discuss the viability of new economic systems. Surely we can come up with a better economic measurement than GDP. How about now focussing on quality, rather than quantity.



posted on Jul, 4 2013 @ 10:24 PM
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Unless they fix some of the problems with the Economies of the world, there is no way that they are going to be at less risk of collapse. For some reason they think if they tell a big enough lie, everyone will believe them and start spending money on frivolous things again without looking at the future. People can read, they can see, they do hear economists around the world saying it is a very poor economic system acting like a runaway train.

How dumb does Wall-street think people are?



posted on Jul, 4 2013 @ 10:36 PM
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Originally posted by rickymouse

How dumb does Wall-street think people are?
That Ship Sailed years ago, Wall St doesn`t care how Dumb , or Smart you are.

When the S&L Bubble Burst, CEO`s and Manager`s were Arrested and received Prison Time.
During 2008 Banking Fiasco, not ONE Money Manager missed a Happy Hour at the Club.

Wall Street is Above the Law.



posted on Jul, 4 2013 @ 10:43 PM
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reply to post by Tw0Sides
 


Wall street and the index is nothing more than a gambling casino -- run it up - take your money - let it go down - buy and run it up again.

How stupid are people?

There are people that sit and do this for a living - they do nothing else, but hit the keyboard..........



posted on Jul, 5 2013 @ 07:25 AM
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Originally posted by Tw0Sides

Originally posted by rickymouse

How dumb does Wall-street think people are?
That Ship Sailed years ago, Wall St doesn`t care how Dumb , or Smart you are.

When the S&L Bubble Burst, CEO`s and Manager`s were Arrested and received Prison Time.
During 2008 Banking Fiasco, not ONE Money Manager missed a Happy Hour at the Club.

Wall Street is Above the Law.


It's probably that way because so many people have their pensions tied up in the stock market. People look the other way when challenging something negatively effects their lives or the lives of their friends and relatives. Wall Street knows this and capitalizes on it. The problem is that this risky behavior has created a big bubble which has little substance to it, it is not as real as it appears. As soon as reality pierces it, it will explode and all value can disappear. Even big corporations have little true assets today, most have no brick and stone assets, they are judged on future potential, not on true value. This means that the stock market is nothing but a scam. At one time the stocks were real, based on real assets of the companies. Not anymore. I think corporations is the worst thing to happen to the world. Privately owned companies were much better. They supplied more real jobs and were a way of regular people fulfilling their American Dream. This dream is now being killed by big corporations, we are becoming slaves of the managers of these corporations and presently there is not a thing we can do about it.



posted on Jul, 5 2013 @ 07:45 AM
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reply to post by deessell
 


China seems to be implementing that policy, especially as method to avoid waste of efforts to prop up data sets as to show only increased productivity...

They have included other values to be considered on assessing the performance, like improvements to nature preservation and social cohesion (people satisfaction).
edit on 5-7-2013 by Panic2k11 because: (no reason given)



posted on Jul, 5 2013 @ 08:01 AM
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Prospects of economic collapse are waning in some people's dreams, but if they're wrong they'll just file for a business loss against their projected earnings and get paid for nothing.

They will be wrong, because manufacturing doesn't mean more jobs, technology replaced a lot of laborers and the laborers now do not have the money to purchase many of those things they once had a hand in producing.

Labor costs are the biggest portion of any business, people with money to buy what is produced by business and manufacturing are the other end.

You can have a Mega-Mall full of every widget in the universe, but if there are no people around to purchase them they are worth nothing.

Oh wait, I am thinking like someone with common sense and am failing to consider that credit to buy things one does not need is pretty readily available.

It may float on credit for years, amazing what can be accomplished with faith in something based on nothing.

GeeWillickers, it's kind of like religion....

Nevermind.
edit on 5-7-2013 by MyHappyDogShiner because: thoughtidadd





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