World economy becomes a “bloodbath” as global “market panic” ensues
The world economy is in a major crisis. The United States, China and European stock markets collapsed into a free fall starting last week. A bloodbath of low oil prices, China’s economic downturn and plunges in U.S. stock have triggered a global market panic. There are many factors that have contributed the global market panic. Read More
HAPPENING NOW: China’s unfolding market crash resembles 1929’s Black Thursday, plunging world economy into depression
Chinese stocks are believed to drop 9 percent again in the next four to five days. The losses could be as bad as the losses that occurred during U.S. exchanges in the Wall Street crash of 1929, according to Thomas DeMark, founder and CEO of DeMark Analytics. DeMark reports that the upheaval on the Shanghai Read More
World economy’s doomsday clock strikes minute to midnight as financial system collapses
Seven-odd years ago, when the banking crisis in the United States eviscerated global financial markets, central bankers stepped into the breach as last-resort lenders. Risky loans from the private sector were transferred onto the public-sector balance sheet, and unrestrained money printing (called “quantitative easing”) seemed to provide a short-term fix in helping the global economy Read More
