Time to Freak Out > 4 Reasons The Global Economy = Completely Screwed

 

Three weeks into this new year, any reasonable person might wonder why the deep dive in worldwide financial markets hasn't sunken into the recognition or acceptance of clear data and evidence that things are tanking in major world economies - no one can call this year "sweet".
If the words in this post headline are too strong, pardon me dear readers, but hopefully they will grab attention just like they did mine from a feature article on Salon.com today Tue Jan 26, 2016 at 01:45 a.m. of an article written by Allison Jackson for The Global Post, extracted here for your information

Salon - and this blogger  - is proud to feature content from GlobalPost, an awarding-winning international news site that focuses on original reporting from journalists stationed around the world.
GlobalPost combines traditional journalistic values with the power of new media to offer a fresh perspective on global developments.
It can't all be blamed China, with an economy still projected to grow at 6.9% - more than three times the stagnant faltering growth here in the U.S.that's being constantly "revised" to perform at a lower rate hovering in uncertainty at 2% if that.

The world is on fire. Irrational exuberance in markets is over. Billions of dollars are wiped-out in seconds. Stockholders are selling out of markets and nobody knows where the money is going [well maybe some people know].To say things are "in turmoil" or "uncertain" begs the question and is to say the least.
Global wars and "revolutions"  whether declared or not, are taking place both on the ground and in currency markets, with both people and capital running fast to get out of the way of trouble and seeking "safe havens" - but where?
There's a big blow-out, with a lot of blow-back: prevailing winds are hot and cold at the same time.
The Global Post report starts out like this:  "A fresh blast of cold air swept across global financial and commodity markets on Wednesday [blogger note: six days ago] raising fears that the world economy could be heading toward a recession — one perhaps even bigger than the last one."

A recession?? You mean like the last "Great Recession" in 2007? Sorry, folks, but what's going on now is bigger and worse than The Great Depression of 1929 and the 1930's.
Depending on consumer-spending to drive economic growth just doesn't work - average people have no money to spend.
Brave New World???
We should all be scared. Very scared.


Read the GP report. It falls far short of the mark, using symptoms as reasons. Bigger questions nonetheless remain.
Here are four reasons why you should be very worried about the state of the global economy.
1. Emerging market debt crisis2. Stock markets are plunging
3. Super-low oil prices
4. China is slowing down