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New World Order Title: 22 Signs That The Global Economic Turmoil We Have Seen So Far In 2016 Is Just The Beginning 22 Signs That The Global Economic Turmoil We Have Seen So Far In 2016 Is Just The Beginning By Michael Snyder, on February 4th, 2016 Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Share on LinkedInShare on StumbleUponEmail this to someone Skyline Globe Clock Gears - Public DomainAs bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse. Layoffs are increasing at a pace that we havent seen since the last recession, major retailers are shutting down hundreds of locations, corporate profit margins are plunging, global trade is slowing down dramatically, and several major European banks are in the process of completely imploding. I am about to share some numbers with you that are truly eye-popping. Each one by itself would be reason for concern, but when you put all of the pieces together it creates a picture that is hard to deny. The global economy is in crisis, and this is going to have very serious implications for the financial markets moving forward. U.S. stocks just had their worst January in seven years, and if I am right much worse is still yet to come this year. The following are 22 signs that the global economic turmoil that we have seen so far in 2016 is just the beginning
1. The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray & Christmas. 2. The Baltic Dry Index just hit yet another brand new all-time record low. As I write this article, it is sitting at 303. 3. U.S. factory orders have now dropped for 14 months in a row. 4. In the U.S., the Restaurant Performance Index just fell to the lowest level that we have seen since 2008. 5. In January, orders for class 8 trucks (the big trucks that you see shipping stuff around the country on our highways) declined a whopping 48 percent from a year ago. 6. Rail traffic is also slowing down substantially. In Colorado, there are hundreds of train engines that are just sitting on the tracks with nothing to do. 7. Corporate profit margins peaked during the third quarter of 2014 and have been declining steadily since then. This usually happens when we are heading into a recession. 8. A series of extremely disappointing corporate quarterly reports is sending stock after stock plummeting. Here is a summary from Zero Hedge of a few examples that we have just witnessed
SHARES OF LIONS GATE ENTERTAINMENT FALL 5 PCT IN EXTENDED TRADE AFTER QUARTERLY RESULTS RTRS TABLEAU SOFTWARE SHARES TUMBLE 40 PCT IN AFTER HOURS TRADING RTRS YRC WORLDWIDE SHARES DOWN 16.4 PCT AFTER THE BALL FOLLOWING RESULTS RTRS SPLUNK INC SHARES DOWN 7.6 PCT IN AFTER HOURS TRADING RTRS LINKEDIN SHARES EXTEND DECLINE, DOWN 24 PCT AFTER RESULTS, GUIDANCE RTRS HANESBRANDS SHARES FURTHER ADD TO LOSSES IN EXTENDED TRADE, LAST DOWN 14.9 PCT RTRS OUTERWALL SHARES FALL 11 PCT IN EXTENDED TRADING AFTER QUARTERLY RESULTS RTRS GENWORTH SHARES DOWN 16.5 PCT AFTER THE BELL FOLLOWING RESULTS, RESTRUCTURING PLAN 9. Junk bonds continue to crash on Wall Street. On Monday, JNK was down to 32.60 and HYG was down to 77.99. 10. On Thursday, a major British news source publicly named five large European banks that are considered to be in very serious danger
Deutsche Bank, Credit Suisse, Santander, Barclays and RBS are among the stocks that are falling sharply sending shockwaves through the financial world, according to former hedge fund manager and ex Goldman Sachs employee Raoul Pal. 11. Deutsche Bank is the biggest bank in Germany and it has more exposure to derivatives than any other bank in the world. Unfortunately, Deutsche Bank credit default swaps are now telling us that there is deep turmoil at the bank and that a complete implosion may be imminent. 12. Last week, we learned that Deutsche Bank had lost a staggering 6.8 billion euros in 2015. If you will recall, I warned about massive problems at Deutsche Bank all the way back in September. The most important bank in Germany is exceedingly troubled, and it could end up being for the EU what Lehman Brothers was for the United States. 13. Credit Suisse just announced that it will be eliminating 4,000 jobs. 14. Royal Dutch Shell has announced that it is going to be eliminating 10,000 jobs. 15. Caterpillar has announced that it will be closing 5 plants and getting rid of 670 workers. 16. Yahoo has announced that it is going to be getting rid of 15 percent of its total workforce. 17. Johnson & Johnson has announced that it is slashing its workforce by 3,000 jobs. 18. Sprint just laid off 8 percent of its workforce and GoPro is letting go 7 percent of its workers. 19. All over America, retail stores are shutting down at a staggering pace. The following list comes from one of my previous articles
-Wal-Mart is closing 269 stores, including 154 inside the United States. -K-Mart is closing down more than two dozen stores over the next several months. -J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015. -Macys has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees. -The Gap is in the process of closing 175 stores in North America. -Aeropostale is in the process of closing 84 stores all across America. -Finish Line has announced that 150 stores will be shutting down over the next few years. -Sears has shut down about 600 stores over the past year or so, but sales at the stores that remain open continue to fall precipitously. 20. According to the New York Times, the Chinese economy is facing a mountain of bad loans that could exceed $5 trillion. 21. Japan has implemented a negative interest rate program in a desperate attempt to try to get banks to make more loans. 22. The global economy desperately needs the price of oil to go back up, but Morgan Stanley says that we will not see $80 oil again until 2018. It is not difficult to see where the numbers are trending. Last week, I told my wife that I thought that Marco Rubio was going to do better than expected in Iowa. How did I come to that conclusion? It was simply based on how his poll numbers were trending. And when you look at where global economic numbers are trending, they tell us that 2016 is going to be a year that is going to get progressively worse as it goes along. So many of the exact same things that we saw happen in 2008 are happening again right now, and you would have to be blind not to see it. Hopefully I am wrong about what is coming in our immediate future, because millions upon millions of Americans are not prepared for what is ahead, and most of them are going to get absolutely blindsided by the coming crisis. Post Comment Private Reply Ignore Thread Top Page Up Full Thread Page Down Bottom/Latest Begin Trace Mode for Comment # 8.
#8. To: U don't know me (#0)
You're not. Scrap steel,copper,brass,and aluminum prices are still in the tank,and scrap yards all over America are shutting down because of it. To give you figures you can wrap your mind around,a little over a year ago scrap steel was selling at the wholesale level for $12.50 per 1 hundred pounds of weight. Last time I checked about 2 months ago,it was down to ONE dollar per hundred pounds of weight,had been for a couple of months,and dealers were saying it might even go lower. Since then I know of 3 local scrap yards that have shut their doors because it costs them more to process (pay operating expenses) and haul the steel to buyers than they can collect from the sale. There is damn little that is manufactured anywhere that doesn't use steel,copper,aluminum,or brass,and manufacturing is the "heart" that pumps the "blood" that keeps economies (and countries) alive and thriving. Stop manufacturing,and economies die. One other thing to consider is manufacturers tend to buy steel,copper,aluminum,and brass 2 to 3 months before they anticipate rolling their finished products out the door,and generally speaking sales start to spike starting in Feb so they are ready for the spring sales. That ain't happening this year,and didn't happen last year. IIRC,prices dropped down to around $4.50 per hundred last year,and just sat there though the spring "rush" and then dropped to 1 dollar per hundred in late summer. What this SHOULD tell all of us is that the banks and international financiers have known since last spring that the worldwide economy was going to tank,so they focused on clearing out there inventories and producing just enough new product to get through the winter. If the prices don't start to rise rapidly by the end of March,shortages in manufactured goods will be showing up by mid-summer. The big lesson *I* get from all this is there is going to be a manufactured financial crisis coming down the road soon,so the really big boys (international bankers) can bankrupt a lot of medium-sized corporations and buy up their assets at a dime on the dollar at bankruptcy sales. A year or so from now a lot of those companies will be back in business but under new ownership and new management,and the stock prices will start rising again so the brokers can once again "play" the investors. Unfortunately,a awful lot of people are going to do an awful lot of suffering in order for the globalists to extend their grip on the world economy. If you have any money invested in heavy industry,you might want to start looking into pulling it out and investing it in things like land and food.
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