Economic Collapse

Black Monday: China, US Stocks Swing Wildly, Dow Drops 1000 Points, 20% of S&P in “Flash Crash”

WTF NEWS The turmoil in global financial markets continued into Monday after last week's losses surprised traders and market watchers. China's collapse early Monday morning continued the declines from last week and prompted the above selling in Europe and US markets. The Shanghai Composite and CSI300 both fell over 8…
Continue Reading
Economic Collapse

Stock markets continue falling in global financial panic after the ‘worst week in 4 years’

WTF NEWS The global financial panic that saw US stocks have their 'worst week in four years' has continued into the new week, sending Asian stock markets lower in early Monday trading. Losses of over 2 percent almost across Asia and declines of 4 percent have been seen on Japan's…
Continue Reading
Economic Collapse

WTF is going on at Walmart? “There Are No Stores in Denver Metro Open Past Midnight” – Employees

(Flickr) | WTF News | **UPDATE**: Closed California Walmart Built On Former Military Industrial Complex Site In the context of the controversy over strange Walmart related events, a curious tip was sent to WTF News. Denver metro area Wal-Marts are "no longer open past Midnight" as part of "a test…
Continue Reading
Economic Collapse

Global stock markets sh!t on themselves after Bloomberg financial data terminals crash worldwide

| WTF News | The Bloomberg network of financial data terminals, used by most of the world's biggest financial firms, failed globally leaving investors in the dark and sending stock markets crashing. The outage lasted for about two and a half hours early Friday morning and was described as an…
Continue Reading
Economic Collapse

The World’s Best Known Global Shipping Index has Crashed To Its Lowest Level Ever

Zero Hedge Having fallen for 47 of the last 51 days, The Baltic Dry Index (tracking the cost of shipping dry bulk from iron ore to grains) has been collapsing in a well-documented manner by Zero Hedge (though not the mainstream media). With Cramer having told investors of its importance…
Continue Reading
Economic Collapse

Greek Contagion? Spanish/Italian Bond Risk Surge Most In 4 Months

Zero Hedge With Spanish and Italian leaders desperately running around to any and every media outlet to proclaim themselves economically fit and deny deny deny what Greek FinMin Varoufakis said yesterday, it appears the market has a different perspective. Portuguese bond spreads are 16bps wider and Spanish and Italian bond…
Continue Reading
Austerity

Tsipras Rejects EU Ultimatum, Demands Bridge Deal: “Greeks Can’t Take More Disappointment”

Zerohedge Speaking defiant tone on Sunday evening, Greece's new Prime Minister Alexis Tsipras showed no signs of backing away from the commitments and pledges he and his party made to the Greek people (and that so many staunch status-quo huggers believe he will back down from). Raging that Greece "won't…
Continue Reading
Austerity

Eurogroup Gives Greece 10 Day Ultimatum: Apply For Bailout Or Grexit

Zero Hedge Update: And now this: "Moody's places Greece's Caa1 government bond rating on review for downgrade" The key driver for the review for downgrade is the high level of uncertainty over the outcome of the negotiations between Greece and its official creditors over the terms of Greece's support programmer.…
Continue Reading
Central Banks

ECB Pulls The Trigger: Blocks Funding To Greece Via Debt Collateral – Full Statement

Zero Hedge Just what the market had hoped would not *ECB SAYS IT LIFTS WAIVER ON GREEK GOVERNMENT DEBT AS COLLATERAL *ECB SAYS IT CAN'T ASSUME SUCCESSFUL CONCLUSION OF GREECE REVIEW What this means simply is that since Greek banks are now unable to pledge Greek bonds as collateral and…
Continue Reading
Economic Collapse

Chinese Stocks Crash Most Since Feb 2007, Futures Limit-Down After Regulatory Crackdown On Margin-Trading

Zero Hedge UPDATE: *SHANGHAI COMPOSITE HEADS FOR BIGGEST LOSS SINCE FEBRUARY 2007 *CHINA CSI 300 INDEX FUTURES FALL BY 10% LIMIT Who could have seen this coming?   Having tried and failed once to stem the speculative frenzy in Chinese stocks, regulators took more direct action tonight and suspended three…
Continue Reading
Central Banks

Currency war: Swiss fight back, remove cap on Euro, forcing Wall Street losses, forex firms fail

| WTF News | 2015 will be marked by moments of self preservation, especially in financial markets. Thursday, the Swiss National Bank shocked the global financial world by announcing it removed the September 2011 cap placed on the currency's value against the Euro, in a move to protect the Franc…
Continue Reading
Currency

Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17%

Zero Hedge Following the biggest rout to the Ruble in ages, Russia - unlike Mario Draghi - instead of talking the talk decided to walk the bazooka walk and shocked all those long the USDRUB by unleashing an emergency rate hike (at 1 am in the morning) from the recently…
Continue Reading
Commodities

We Just Witnessed The Worst Week For Global Financial Markets In 3 Years

Theeconomiccollapseblog Is this the start of the next major financial crisis?  The nightmarish collapse of the price of oil is creating panic in financial markets all over the ; On June 16th, oil was trading at a price of $; Since then, it has fallen by almost 50 dollars in…
Continue Reading
Economic Collapse

WTF: US Treasury tried to quietly order “survival kits” for bankers

| WTF News | What could happen in the near-future that would make the Treasury Department think it is practical to be prepared with $200,000 worth of survival kits? According to a new solicitation, the Treasury is buying short-term survival kits for all 3,814 of its employees who oversee the…
Continue Reading
Bankers

MassMutual Senior Vice President Found Dead, Stabbed In Chest In Apparent Homicide

Zero Hedge A week after stunned Tribeca woke up to news of a grizzly death in which a Citigroup managing director living on Greenwich Street was found dead in his bathtub with a slashed throat and the lack of a suicide weapon on the scene suggesting there was foul play…
Continue Reading

Will You Survive The Coming Economic Collapse And Martial Law?

The Common Sense Show by Dave Hodges Your bank account is gone along with your 401k, pension and job. All hell has broken loose. THERE WILL BE ROUNDUPS. PEOPLE WILL STARVE AND BECOME VICTIMS OF THE ENSUING VIOLENCE. The country will be under martial law. Nobody is safe including law…
Continue Reading

3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?

The Economic Collapse by Michael Snyder Are you waiting for the next major wave of the global economic collapse to strike?  Well, you might want to start paying attention ; Three of the ten largest economies on the planet have already fallen into recession, and there are very serious warning…
Continue Reading
Bankers

Senior Citi Banker Found Dead In Bathtub With Slashed Throat

The dust has barely settled on the latest high profile banker suicide in which Deutsche Bank's associate general counsel, and former SEC regulator, Charlie Gambino was found dead, having hung himself by the neck from a stairway banister, and here comes the latest sad entrant in the dead banker chronicles…
Continue Reading

The Real Reason For America’s Collapsing Labor Force

Zero Hedge Back in July we wrote "Slamming The Door Shut On The "Plunging Labor Force Participation Rate" Debate Once And For All", in which we showed, definitively we thought, that contrary to the pervasive and erroneous propaganda, the collapse in the labor force has little to do with the…
Continue Reading

More “Economic Lies” from “Our” Government: The Latest US Jobs Report

Global Research By Dr. Paul Craig Roberts Just as the German media has destroyed its credibility with lies, the US government is consistently destroying Washington’s credibility both with its own citizens and the rest of the ; Russia and China, the other two significant nuclear powers, no longer believe anything…
Continue Reading

Prediction: Economic Collapse, Civil Unrest in America by 2016

The New American by Selwyn Duke Violence. Rioting. Looting. Economic collapse and civil unrest. This isn’t a dystopian movie plot, but something else according to an economist with a good track record for prognostication: America’s dark future. The economist is Martin Armstrong, whose correct predictions include the 1987 Black Monday…
Continue Reading

The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now

The Economic Collapse by Michael Snyder How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any ; You might think that I am…
Continue Reading

Most People Cannot Even Imagine That An Economic Collapse Is Coming

The Economic Collapse by Michael Snyder The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most ; After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new ;…
Continue Reading

It Will Take 6.25 BILLION “Man Years” To Pay Off Federal Government Liabilities: “A Mathematical Impossibility”

SHTFplan by Mac Slavo We often hear government officials and mainstream financial pundits throwing around numbers like a billion or trillion. To most Americans these numbers are indiscernible. They are so incredibly enormous that we can’t even imagine what one billion dollars actually looks like, let alone what it takes to generate…
Continue Reading

From This Day Forward, We Will Watch How The Stock Market Performs Without The Fed’s Monetary Heroin

The Economic Collapse by Michael Snyder Mark this day on your ; The Dow is at 16974, the S&P 500 is at 1982 and the NASDAQ is at ; From this day forward, we will be looking to see how the stock market performs without the monetary heroin that the…
Continue Reading

Gold or Gunfire: Hedging Against the Collapse of the Dollar

New Eastern Outlook by Christof Lehmann A global economic collapse has become unavoidable, said former chief economist of the Bank of International Settlements (BIS) William White in response to the BIS’ quarterly report in September 2013. Experts forecast that a global economic collapse may occur, overnight, some time at the…
Continue Reading

How Will The Stock Market React To The End Of Quantitative Easing?

The Economic Collapse by Michael Snyder It is widely expected that the Federal Reserve is going to announce the end of quantitative easing this ; Will this represent a major turning point for the stock market?  As you will see below, since 2008 stocks have risen dramatically throughout every stage…
Continue Reading
Economic Collapse

Low Inflation? The Price Of Ground Beef Has Risen 17 Percent Over The Past Year

The Economic Collapse by Michael Snyder Thanks to the Federal Reserve, the middle class is slowly being suffocated by rising food ; Every single dollar in your wallet is constantly becoming less valuable because of the inflation the Fed systematically ; And if you try to build wealth by saving…
Continue Reading

McDonalds Sales Plunge In Worst Month Since 2003 Following Dollar Meal “Sticker Shock”

Zero Hedge Moments ago, McDonalds not only released earnings and revenues, both of which missed - something which was largely expected since the backward looking data had been telegraphed by MCD's recent global selling collapse - blanketed by atrocious commentary, but it disclosed its September global retail sales which were…
Continue Reading

19 Very Surprising Facts About The Messed Up State Of The U.S. Economy

The Economic Collapse by Michael Snyder Barack Obama and the Federal Reserve are lying to ; The "economic recovery" that we all keep hearing about is mostly just a ; The percentage of Americans that are employed has barely budged since the depths of the last recession, the labor force…
Continue Reading

If A Few Ebola Cases Can Make The Stock Market Crash This Much, What Would A Full-Blown Pandemic Mean?

The Economic Collapse by Michael Snyder Is Ebola going to cause another of the massive October stock market crashes that Wall Street is famous for?  At one point on Wednesday, the Dow was down a staggering 460 ; It ultimately closed down just 173 points, but this was the fifth…
Continue Reading

12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy

The Economic Collapse by Michael Snyder Most people that discuss the "economic collapse" focus on what is coming in the ; And without a doubt, we are on the verge of some incredibly hard ; But what often gets neglected is the immense permanent damage that has been done to…
Continue Reading

9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years

The Economic Collapse by Michael Snyder Is the stock market about to crash?  Hopefully not, and there definitely have been quite a few "false alarms" over the past few ; But without a doubt we have been living through one of the greatest financial bubbles in history, and the markets…
Continue Reading
Economic Collapse

Ripple Effects Begin: Dubai Crashes Over 6.5%, Most In 14 Months

Zero Hedge It appears the weakness in US equity markets (the last of the hot money flow darlings to be hit) is now rippling back down the bubble-complex of world equity markets. Dubai, infamous for its huge surge in the last 2 years and 36x over-subscribed IPO of a company…
Continue Reading
Economic Collapse

Global Equity Shock as “Captured” System Starts to Crack

Goldcore This week has seen some market volatility (see VIX Chart) reminiscent of the functioning market from days of old. The markets are spooked, bad news is overtaking good news and bearish views are becoming vogue. We are seeing a titanic battle taking place between the various bull and bear…
Continue Reading
Debt Slavery

“Clueless”, Reaccomodating Fed Spurs Epidemic Of Record Low Yields Around The Globe

Zero Hedge “If it wasn’t obvious that Fed normalization was going to be difficult, it should be now. Risk assets don’t appear to be ready for significant removal of accommodation". So much for "the recovery" (in the US or elsewhere) and a mythical world in which a seamless handover from…
Continue Reading
Central Banks

Deutsche Bank’s Shocking Admission: “QE In Europe Will Be Ineffective”

Zero Hedge Via Deutsche Bank's George Saravelos, Euroglut: a new phase of global imbalances This report argues that both “secular stagnation” and “normalization” are incomplete frameworks for understanding the post-crisis world. Instead, “Euroglut” – the global imbalance created by Europe’s massive current account surplus will be the defining variable for…
Continue Reading
Economic Collapse

US Hiring Plummets Most Since June 2010, Fewest Hires Since Polar Vortex Ground Economy To A Halt

Zero Hedge On the surface, today's JOLTS report (which after we caught the BLS fabricating the data aggressively a year ago is triple-scrubbed by government bureaucrats) was great: with total job openings of 4,835K, this was supposedly the highest number of job openings since January 2001, and just shy of…
Continue Reading