There are some who believe that the next great financial crash will not begin in the United States. Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) will end up spreading across the globe and take down the U.S. too.
Time will tell if they are ultimately correct, but even now there are signs that financial trouble is already starting to erupt in both Germany and Japan. German stocks have declined 10 percent since July, and that puts them in “correction” territory. In Japan, the economy is a total mess right now. According to figures that were just released, Japanese GDP contracted at a 7.1 percent annualized rate during the second quarter and private consumption contracted at a 19 percent annualized rate. Could a financial collapse in either of those nations be the catalyst that sets off financial dominoes all over the planet?
This week, the worst German industrial production figure since 2009 rattled global financial markets. Germany is supposed to be the economic “rock” of Europe, but at this point that “rock” is starting to show cracks.
And certainly the civil war in Ukraine and the growing Ebola crisis are not helping things either. German investors are becoming increasingly jittery, and as I mentioned above the German stock market has already declined 10 percent since July…
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8 comments:
It's the end of the word as we know it. Pestilence, financial and dominance. This has been foretold and some are prepared, others have ignored the word. The anti-Christ (Obama) set most of this in motion. Many will laugh at this, but those who know the truth will be prepared.
Agreed 5:01.
You people would blame Obama if an asteroid hit the earth. some how everything in the entire world is due to Obama. And you really think the world is going get better after Obama.
The end of the word? How many pest are taking over fields?
Hey 1:22
Your are right , it won't get better after Obama , he has destroyed the world beyond repair you stupid a$$hole. You gotta be a left wing idiot and black as the ace of spades .
We spend enough money on the lotteries in the U.S. to pay off the national debt in a couple of years. We waste about 40% of our food and clothing. We use water as if it will never run out.
We steal from each other , we murder each other , we complain about everything .
We don't deserve a free country with rights anymore. May GOD help us !!!!
No according to Obama it's Bush's fault. Yes thing will get better if republicans gain control, it's the liberal thinking that put us in this mess.
Not if you idiots vote another Democrat in, 1:22.
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