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Global Economy Sinking And Tech Bubble Bursting

From the Telegraph:

It's hard to find a country that the IMF didn't downgrade in its latest forecast. The message from its chief economist was simple: Growth is slowing. Everywhere.

All the world's major economies saw their growth forecasts trimmed. Japan is now forecast to contract next year...

The downturn in Russia and Brazil is expected to be deeper than the Fund anticipated just three months ago, while many regions, including Latin America, Japan and the eurozone face increased risks of recession this year.

In the US, the probability is now one in five.

Japan also faces contraction next year. Many analysts expect the world's third largest economy to have slipped back into technical recession - defined as a decline in real gross domestic product (GDP) for two or more consecutive quarters - in the first three months of 2016.

From Breitbart:

Breitbart News has been warning that despite venture capitalists raising $13 billion in the first three months of 2016 — their best quarter since 2000 — their inability to launch a single tech initial public offering (IPO) was a warning that the tech bubble was about to pop.

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