But what did happen? It is my contention that a global financial crisis began during the second half ofand it threatens to greatly accelerate as we enter During the last six months of the year that just ended, financial markets all over the planet crashed, trillions of dollars of global wealth was wiped out, and some of the largest economies in the world plunged into recession. This is what the early stages of a financial crisis look like, and the worst is yet to come.
Because 9 out of the last 10 times the yield curve inverted, we had a recession. The spread with the yield curve is the narrowest it has been since outside of the start of the Great Recession that commenced in December of It is a confluence of events coming in October.
The top 22 banks in the world are in a bear market. There are many, many examples of banks around the world that are in a bear market.
You have a bear market in Chinese shares. This is an incipient bear market that is already beginning. We have a record amount of corporate debt outstanding right now. It has never ever been higher, but the quality of that debt. BBB, which is the lowest rung. The number of zombie companies is at a record high.
So, there is a record amount of debt, the quality of the debt is at a record low, and you have a record amount of companies just existing as zombies. They have to issue debt to pay back existing debt.
The amount of zombie companies is going to surge when we get the next recession. The amount of credit defaults is going to surge. The construct of corporate debt is so dangerous that when we hit a recession, defaults are going to skyrocket like we have never seen before.
You will be talking about the layoffs and the plunge in the market and economic growth on a global basis. I look at the data, and data says this is the most dangerous market ever. This is the most precarious GDP on a global basis that we have ever had.
That is all turned on its head. When it collapses, the primary beneficiary is going to be the gold market. This interview will talk about the coming recession and the inverting yield curve, record amounts of corporate debt and gold and silver in physical form as financial protection.
Michael Pento added another omen for the markets. This means people will be wiped out more quickly and more thoroughly than ever before.Emerging market stocks pare losses after descent into bear market What’s so great about free trade anyway?
people hadn’t managed to retrain or relocate and find good new jobs. The US. Money creation is the process by which the money supply of a country, or of an economic or monetary region, is increased. In most modern economies, most of the money supply is in the form of bank deposits.
Central banks monitor the amount of money in the economy by measuring the so-called monetary aggregates. Mar 13, · If Mexico's drug war continues to rage and if the economy continues to slow as it is in pockets, the odds for a populist leader taking the helm in this summer's .
What's a Recession, Anyway? Edward E. Leamer.
NBER Working Paper No. Issued in August NBER Program(s):Economic Fluctuations and Growth Monthly US data on payroll employment, civilian employment, industrial production and the unemployment rate are used to define a recession-dating algorithm that nearly perfectly reproduces the NBER official peak and trough dates.
It's midnight in Tokyo and Takehiro Onuki has just left the office, 16 hours after his shift began. Onuki, a year-old salesman, is headed to the train station to catch the a.m.
1. What’s so great about the market anyway? Give an example. The market economy directs its resources to their most productive use Example: Brad Pitt doesn’t sell automobile insurance as it is a waste of human capital (rather than being paid $30, by insurance agencies compared to $30 million per movie in Hollywood, Pitt goes where he is paid the most) %(1).
1. What’s so great about the market anyway? Give an example. The market economy directs its resources to their most productive use Example: Brad Pitt doesn’t sell automobile insurance as it is a waste of human capital (rather than being paid $30, by insurance agencies compared to $30 million per movie in Hollywood, Pitt goes where he is paid the most) %(1). For these big players, it is a simple matter of banning, or at least penalizing, cash and other straight forward currencies so that the larger economy can remain tightly controlled. A market economy allows the laws of supply and demand to control the production of goods and services. It is protected by the Constitution in America. A market economy relies on an efficient market in which to sell goods and services. That's where all buyers and sellers have equal access to the same information. Most so-called market.