Global stocks in freefall mode as economic collapse unfolds
China, the world’s second-largest economy, continues to show signs of a sharp slowdown, unnerving investors everywhere as markets begin falling worldwide. According to Jim Cramer, the Chinese market needs to reset. By his estimation, the Shanghai Composite Index needs to lose 35 to 40 percent of its value. Before that happens, if it does, he warns Read More
BREAKING: US manufacturing index collapses to lowest point in nearly 2 years as global stocks plummet
(Collapse.news) In keeping with falling financial markets in the world’s biggest economies – the U.S., Europe and China – American manufacturing is also taking a hit, as even adjusting economic figures seasonally, often used as an accounting trick by Uncle Sam to put lipstick on a pig, cannot hide the obvious. As reported by Zero Read More
