Post by stingray on Sept 28, 2015 8:17:32 GMT -5
Well we are almost to the end of September and the world hasn’t ended, the government hasn’t imposed martial law upon its citizens, and the banks are still open. So what was all this mumbo jumbo about? The economy was suppose to collapse and gold and silver was to sky rocket. By listening to the media the economy is chugging right along. But consider this from the 10 largest economies in the world:
America - The Dow Jones is down over 2000 points this year. That’s getting close to 15% decline. Earlier this month the dow plummeted over 1000 points at the opening bell and had closing of back to back days of over 500 points.
China - Not much needs to be said here. The Shanghai Composite has lost 40% this year. With manufacturing at a 6 year low, it doesn’t look like China will recover anytime soon.
Japan - The Nikkei is down over 3000 points from its peak earlier in 2015.
Germany - The DAX stocks have lost close to 25% of its value this year. The future looks grim for the DAX with current Volkswagen scandal and banking troubles.
The United Kingdom - British stocks have lost around 16% this year.
France - Stocks in the CAC are down almost 20%. France is on the same path that Greece has been on.
Brazil - Being one of the 5 BRICS nation, the Brazilian stock market has plunged more than 12,000 points in 2015.
India - Stocks are down over 4000 points and due to the slow down in global manufacturing, exports for India are plunging.
Italy - Another Greece waiting to happen. Italian stocks have fallen more than 15%.
Russia - The Ruble is crashing and with oil being kept at under $50 a barrel there is not much help. Add the fact that Iran will flood the market with an additional million barrels of oil a day. Russia may have to revalue the Ruble yet again.
At any other time in history these would be opening headlines for the news. But for whatever reason, the economy doesn’t even get mentioned. With a country that is carrying over $18 trillion in debt and with over $1 trillion in derivatives, I believe the worst is yet to come.
America - The Dow Jones is down over 2000 points this year. That’s getting close to 15% decline. Earlier this month the dow plummeted over 1000 points at the opening bell and had closing of back to back days of over 500 points.
China - Not much needs to be said here. The Shanghai Composite has lost 40% this year. With manufacturing at a 6 year low, it doesn’t look like China will recover anytime soon.
Japan - The Nikkei is down over 3000 points from its peak earlier in 2015.
Germany - The DAX stocks have lost close to 25% of its value this year. The future looks grim for the DAX with current Volkswagen scandal and banking troubles.
The United Kingdom - British stocks have lost around 16% this year.
France - Stocks in the CAC are down almost 20%. France is on the same path that Greece has been on.
Brazil - Being one of the 5 BRICS nation, the Brazilian stock market has plunged more than 12,000 points in 2015.
India - Stocks are down over 4000 points and due to the slow down in global manufacturing, exports for India are plunging.
Italy - Another Greece waiting to happen. Italian stocks have fallen more than 15%.
Russia - The Ruble is crashing and with oil being kept at under $50 a barrel there is not much help. Add the fact that Iran will flood the market with an additional million barrels of oil a day. Russia may have to revalue the Ruble yet again.
At any other time in history these would be opening headlines for the news. But for whatever reason, the economy doesn’t even get mentioned. With a country that is carrying over $18 trillion in debt and with over $1 trillion in derivatives, I believe the worst is yet to come.