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Global Economy Teetering On The Brink

News is quickly piling up that indicates the world economy is on the brink of a real meltdown.  Perhaps Jonathan Cahn was only off by one year and the Shemitah year begins or ends this Fall.

1. Executive Managing Director of the Institute for International Finance in Washington D.C. is saying that if the U.K. votes to leave the E.U. next week, the economic consequences will be even greater than the Lehman Brothers collapse in 2008.

2. Goldman Sachs' current activity indicator ("CAI"), which is the company's internal estimate of the overall U.S. economy, shows that economic activity unexpectedly dropped from April to May and is now in the worst shape in seven years.

3. Venezuela is now in the midst of total economic meltdown and the government is on the verge of collapse.  So severe is the situation that riots and food looting have broken out across the country with starving Venezuelans being shot dead in the streets.

4. The Chinese and Japanese markets are both lower than even after last Fall's historic flash crashes.



5. U.S. industrial production growth has declined for the 9th straight month, marking the longest non-recession decline in 100 years, which begs the question: is there really no recession?

6. In major countries, government bonds are now paying zero percent interest and sometimes negative interest as investors are fleeing for safety.  Government bonds from the world's fourth largest economy, Germany, just dipped into the negative - the lowest rate ever recorded in Europe's most important market.

7. Latin America's largest economy, Brazil, is in full-fledged recession as are parts of Canada including Alberta.

8. Huge background issues: unprecedented debt-to-GDP ratios (i.e. Japan at 400%) and an incomprehensibly large derivatives bubble (valued at upwards of $1.5 quadrillion).

This house of cards is going to come down and soon.  Where is your treasure?

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  1. I've been thinking about this too, just haven't had the time to write up an article on it. Soros is shorting stocks right now and putting money into gold, usually a bad sign that something will fall off a cliff.

    1. I saw that article about Soros! There is really more to the economy than I can possibly cover, but indications aren't looking good.



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