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Musical Chairs, Economic Busts


WilliamL

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The New York Stock Exchange has announced that from February 26, 2016, it will not allow stop loss orders.

Stock traders have been able to limit losses by having stop-loss orders on file with their brokers, telling the brokers to sell their shares if they drop below a certain price. During market plunges, phone and internet access to brokers often becomes impossible, and huge losses can accrue to traders before they are able to tell their broker to sell. Of course, many individual stock holders have third parties handling their investments and retirement accounts, and lose heavily by not using stop-losses.

But beginning Feb. 26, no one will be able to protect themselves by means of standing stop-loss orders. This is just a part of the greater plan to collapse the current world economic order while simultaneously fleecing the sheep down to the bone. I take this mega-crash to be the 3rd Seal.

After the requisite period of suffering and woe, the world-rulers will graciously introduce their New economic World Order.

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Activity in China’s manufacturing sector is expected to have contracted for a fifth straight month in December, a Reuters poll showed, likely consigning the world’s second-largest economy to its slowest annual growth in a quarter of a century. ...

Some China watchers, however, believe real growth levels are already much weaker than official data suggest.

Read more at https://www.trunews.com/china-december-official-pmi-to-show-fifth-month-of-contraction/#iwabkriVV4wyQXd0.99

 

Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. ...

Lagarde warned that rising U.S. interest rates and a stronger dollar could lead to companies defaulting on their payments and that this could “infect” banks and states.

Read more at https://www.trunews.com/global-growth-will-be-disappointing-in-2016-imfs-lagarde/#JL19IxUvQprc49E2.99

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Been a couple weeks since I updated this, and economic news has only gotten worse. More and more economists, including those from the mainstream who normally try to paint the rosiest pictures, say that 2016 not only may be calamitous for the world's economy, but also that the calamity may come within months. Just a few examples:

"RBS [Royal Bank of Scotland] has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.

"The bank’s credit team said markets are flashing stress alerts akin to the turbulent months before the Lehman crisis in 2008. “Sell everything except high quality bonds. ... In a crowded hall, exit doors are small,” it said in a client note.

... global debt ratios have reached record highs."  http://www.telegraph.co.uk/finance/economics/12093807/RBS-cries-sell-everything-as-deflationary-crisis-nears.html

 

"A "Perfect Storm Is Coming" Deutsche Warns As Baltic Dry Falls To New Record Low

Following disappointing China PMI data and a collapse in US ISM Manufacturing imports data, the fact that The Baltic Dry Index has collapsed to fresh record lows will hardly be a surprise to many. However,as Deutsche Bank warns, a "perfect storm" is brewing in the dry bulk industry, as year-end improvements in rates failed to materialize, which indicates a looming surge in bankruptcies."

http://www.zerohedge.com/news/2016-01-05/perfect-storm-coming-deutsche-warns-baltic-dry-falls-new-record-low

 

Historic First: North Atlantic EMPTY of Cargo Ships in-transit - ALL anchored along coasts; none moving

"Commerce between Europe and North America has literally come to a halt.  For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America.  All of them (hundreds) are either anchored offshore or in-port.  NOTHING is moving.

"This has never happened before.  It is a horrific economic sign; proof that commerce is literally stopped."

https://www.superstation95.com/index.php/world/750

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"The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. ... William White, the Swiss-based chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS).

"...Mr White said Europe's creditors are likely to face some of the biggest haircuts. European banks have already admitted to $1 trillion of non-performing loans... Mr White was one of the very few voices in the central banking fraternity who stated loudly and clearly between 2005 and 2008 that Western finance was riding for a fall, and that the global economy was susceptible to a violent crisis. ...

"Combined public and private debt has surged to all-time highs to 185pc of GDP in emerging markets and to 265pc of GDP in the OECD club, both up by 35 percentage points since the top of the last credit cycle in 2007."

http://www.telegraph.co.uk/finance/financetopics/davos/12108569/World-faces-wave-of-epic-debt-defaults-fears-central-bank-veteran.html

 

 

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