If you are looking for a “canary in a coal mine” type of warning for the entire global economy, you have a whole bunch to pick from right now. By Michael Snyder “Dr. Copper” just hit a six year low, Morgan Stanley is warning that this could be the worst oil price crash in 45 … Continue reading
The second largest stock market in the entire world is collapsing right in front of our eyes. By Michael Snyder Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out. Of course … Continue reading
As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe. By Michael Snyder In Greece, a full blown bank run is happening right now. Approximately 2 billion euros were pulled out of Greek banks in just the past three days, Barclays says that capital controls are … Continue reading