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We Have Never Seen Global Trade Collapse This Dramatically Outside Of A Major Recession

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Globe Interconnected - Public DomainIf you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived.  Never before in history has global trade collapsed this dramatically outside of a major worldwide recession.  And this makes perfect sense – when global economic activity is increasing there is more demand for goods and services around the world, and when global economic activity is decreasing there is less demand for goods and services around the world.  So far this year, global trade is down about 8.4 percent, and over the past 30 days the Baltic Dry Index has been absolutely plummeting.  A month ago it was sitting at a reading of 809, but now it has fallen all the way to 628.  However, it is when you look at the trade numbers for specific countries that the numbers become particularly startling.

Just within the last few days, new trade numbers have come out of China.  China accounts for approximately one-fifth of all global factory exports, and for many years Chinese export growth has helped fuel the overall global economy.

But now Chinese exports are falling.  In October, Chinese exports were down 6.9 percent compared to a year ago.  That follows a decline of 3.7 percent in September.

The numbers for Chinese imports are even worse.  Chinese imports in October were down 18.8 percent compared to a year ago after falling 20.4 percent in September.  China’s growing middle class was supposed to help lead a global economic recovery, but that simply is not happening.

The following chart from Zero Hedge shows just how dramatic these latest numbers are compared to what we are accustomed to witnessing.  As you can see, the only time Chinese trade numbers have been this bad for this long was during the major global recession of 2008 and 2009…

Chinese Imports Chinese Exports

Other numbers confirm the magnitude of the economic slowdown in China.  I have mentioned the ongoing plunge of the China Containerized Freight Index previously, but now it has just hit a brand new record low

The weakness in China’s economy and its exports to the rest of the world are showing up in the weekly China Containerized Freight Index (CCFI): On Friday, it dropped to the worst level ever.

The index, operated by the Shanghai Shipping Exchange, tracks how much it costs, based on contractual and spot-market rates, to ship containers from China to 14 major destinations around the world. Unlike a lot of official data from China, the index is an unvarnished reflection of a relentless reality.

It has been cascading lower since February and has since dropped 31%. At 742 currently, it’s down 26% from its inception in 1998 when it was set at 1,000.

Here are some more deeply disturbing global trade numbers that come from my previous article entitled “18 Numbers That Scream That A Crippling Global Recession Has Arrived“…

Demand for Chinese steel is down 8.9 percent compared to a year ago.

China’s rail freight volume is down 10.1 percent compared to last year.

In October, South Korean exports were down 15.8 percent from a year ago.

According to the Dutch government index, a year ago global trade in primary commodities was sitting at a reading of 150 but now it has fallen all the way down to 114.  What this means is that less commodities are being traded around the world, and that is a very clear sign that global economic activity is really slowing down.

Additionally, German export orders were down about 18 percent in September, and U.S. exports are down about 10 percent for the year so far.

Clearly something very big is happening, and it is affecting the entire planet.  The CEO of the largest shipping company in the world believes that the explanation for what is taking place is fairly simple

In fact, according to Maersk CEO, Nils Smedegaard Andersen, the reason why companies that are reliant on global trade, such as his, are flailing is simple: global growth is substantially worse than the official numbers and forecasts. To wit: “The world’s economy is growing at a slower pace than the International Monetary Fund and other large forecasters are predicting.

Quoted by Bloomberg, Andersen says that “we believe that global growth is slowing down,” he said in a phone interview. “Trade is currently significantly weaker than it normally would be under the growth forecasts we see.

Global financial markets can run, but they can’t hide from these horrifying trade numbers forever.

One of the big things that is contributing to this new global economic slowdown is the unwinding of the U.S. dollar carry trade.  A recent piece from Phoenix Capital Research explained the U.S. dollar carry trade pretty well…

When the Fed cut interest rates to zero in 2008, it flooded the system with US Dollars. The US Dollar is the reserve currency of the world. NO matter what country you’re in (with few exceptions) you can borrow in US Dollars.

And if you can borrow in US Dollars at 0.25%… and put that money into anything yielding more… you could make a killing.

A hedge fund in Hong Kong could borrow $100 million, pay just $250,000 in interest and plow that money into Brazilian Reals which yielded 11%… locking in a $9.75 million return.

This was the strictly financial side of things. On the economics side, Governments both sovereign and local borrowed in US Dollars around the globe to fund various infrastructure and municipal projects.

Simply put, the US Government was practically giving money away and the world took notice, borrowing Dollars at a record pace. Today, the global carry trade (meaning money borrowed in US Dollars and invested in other assets) stands at over $9 TRILLION (larger than the economy of France and Brazil combined).

But now the U.S. dollar carry trade is starting to unwind because the U.S. dollar has been doing very well lately.  As the U.S. dollar has surged against other global currencies in 2015, this has put a tremendous amount of stress on emerging markets around the world.  All of a sudden oil, other commodities and stock markets in nations such as Brazil began to crash.  Meanwhile, those that had taken out loans denominated in U.S. dollars were finding that it was taking far more of their own local currencies to service and repay those loans.  This financial crunch in emerging markets is going to take years to fully play out, and it is going to take a tremendous toll on global markets.

Of course we have seen this happen before.  A surging dollar helped cause the Latin American debt crisis of the 1980s, the Asian financial crisis of the 1990s and the major global recession of 2008 and 2009.

If you thought that the financial shaking that happened in late August was bad, the truth is that it was nothing compared to what is now heading our way.

So buckle your seat belts boys and girls, because we are definitely in for a bumpy ride.

  • Guest

    Well, then, it stands to reason that a rate hike in December by the Fed would only accelerate an outflow of capital from emerging markets. But there I go again using logic to try and predict what will happen. You really can’t do that because the global economy is completely illogical and nonsensical.

    • willkes

      That’s exactly right… They are going to dangle it and say they will or probably will, the day will come and they won’t, just like every other time. They have to start raising it, nothing changes until then.

  • sal

    Same old stuff being blogged. ..yet beat goes on

  • odfsih

    Look, there clearly is NO recession.

    Americans are ALWAYS bragging about making 6 figures. “I make 6 figures, I make 6 figures” – like a parrot on every radio show.

    Americans are shows offs, narcissists and love to brag about their earnings. At this rate, with so many Americans making this amount of money, there is NO recession.

    Check out all of the local American radio programs- all of them keeping bragging.

    • Guest

      I only know one person who has a six-figure annual salary, and she works for the federal government.

      • odfsih

        It still doesn’t change the fact Americans are making six figures. You hear so many people calling in radio shows and bragging about making 6 figures.

        With this many Americans bragging about making this amount of money and rubbing it in your face, then I don’t believe we are in a recession- IMPOSSIBLE! Americans are filthy rich!

        • Geneva1000

          Shill

          • odfsih

            Get out there and make 6 figures!

          • tom

            Ever think Ramsay has a few people calling in making up their success stories? I would also guess that many 6 figure income folks live on the East or West Coast.

      • Geneva1000

        Now you know two. However, my personal income means nothing as an indicator of how the economy is doing for the major majority.

        • Guest

          I don’t know you.

          • Geneva1000

            Thats’ unfortunate for you, but you’ve got a point.

    • Kochvilledi

      About half of US workers make $30,000 or less. That’s a long way from six figures.

      • odfsih

        Wrong. So many Americans make 6 figures. Listen to Dave Ramsay, look at his yotube channel- the millionaire hour.

        Everytime I turn on the radio, Americans brag about making six figures over and over. So many Americans are rich, the American Dream is alive and kicking.

        Americans are show offs. Now go out there and make some money.

        • Kochvilledi

          Wow, you are a one track record……

        • Steve

          You know what? You are just an obnoxious, ignorant, annoying pest. American Dream! Get out of here. I live in a festering third world nation trying to surviving on US dollars. But It’s only a matter of time before your great country will go bankrupt and most of you will experience the pain and suffering that accompany economic collapse. God knows what will happen to us but at least here we can live off the grid. So shut up, get real and listen to Michael. Mabey he will knock some sense into you, you nonsensical little troll!

  • John Higson

    I have to say that this year I’ve been with Michael all the way, and now I feel kinda stupid, because I was certain that there would’ve been a major economic heart attack by now(I predicted June or soon thereafter due to defaulting oil junk bonds…why hasn’t it happened?). It’s not over yet, but I can’t see it happening now with anything short of a ‘Lehman moment’. When will falling oil output start to bite?

    • odfsih

      Americans are rich. They are all making 6 figures! So many are bragging about their salaries and showing off! Americans are super rich.

      Americans’ favourite dialogue- “I make 6 figures.”

      • John Higson

        Did you really just totally repeat your ludicrous statement from a while ago???

        The average income is about 55 grand, that means that half the people earn less than that! Stop talking nonsense!

        • odfsih

          Then tell me this. Why are so many Americans calling radio shows like Dave Ramsay and other American radio shows, and claiming to make 6 figures?

          Everyday, so many Americans are bragging about making 6 figures.

          • Geneva1000

            Only those making 6 figures are making the call. The other 300 million+ probably don’t even know who Dave Ramsey is.

        • Watchman

          He’s nothing more than a troll account (odfsih) just like Jazz/Zazz and the other stupid nicknames and pictures he uses. Notice how these trolls are present only during bad times but are nowhere to be seen during good times.

      • Guest

        I’m not rich. My gross income for 2015 will be about $15,000.

        • odfsih

          Only $15,000? You’re just lazy!

          So many Americans are making 6 figures. “I make six figures! I make six figures”

          • Guest

            I’m not lazy. Ask any of my coworkers. They’ll tell you how hard I work.

          • odfsih

            You need to make 6 figures. I repeat, 6 figures. Why are there so many Americans bragging about making this amount of money, yet this blog tells us about a depression.

          • Guest

            I don’t need six figures. I have everything I need–my own home, a nice car, nice clothes, and plenty to eat.

          • Mike Smithy

            Guest makes 7 figures. Count them again. $15,000.00. How many digits do you see? I see 7. Now hop on the shortbus destined for Tardville.

          • odfsih

            You lazy failure.

            Americans make 6 figure salaries.

            Get off your butt and make money you lazy slob.

          • Mike Smithy

            My annual salary is over 9 figures. Now are you gong to get back on the shortbus to Tardville or not?

          • odfsih

            You make 9 figures?

            SUCCESS!!! See, you verified my point. Americans are rich and wealthy and make well over 6 figures. You are proof there is no recession.

            Well done.

    • Mike Smithy

      Patience is a virtue young grasshopper.

    • Jazz

      Keep waiting, the crash is always “next month”! LMAO. Next month it will get “postponed” to the next month or 6 months out. The “elite are going to crash the markets next year” lol. Yeah right. The US has SEVERAL years before another recession or stock market downturn.

      • Geneva1000

        Go long then my friend.

        • Jazz

          Been long all the way from Dow 15k to nearly 18k and will ride it to 20K+. Ride the bull!

          • Watchman

            The only bull you are riding Zazz is the stuff you step in and smells. Why don’t you go troll one of the mainstream media websites instead i hear you might be more appreciative there?

  • Mike Molyneaux

    Hi Michael, Architects
    and agents of the New World Order are managing a massive and progressive transfer
    of wealth [real assets like bullion, property and means of production] from the
    west to the east in preparation for establishing a global government. Will these
    agents escalate war on different fronts to blame for the failing economies in
    the west?

    • odfsih

      Nonsense. We are in an economic recovery. Americans are bragging about making 6 figures! They keep showing off.

      • Geneva1000

        Nonsense shill.

        • odfsih

          Tune into shows like Dave Ramsay and Tom Leykis- so many people are calling and bragging about their careers and making 6 figures.

          There is no depression. Stop spreading lies.

          • Guest

            Whenever I hear Dave Ramsey’s voice, I want to shoot the radio.

          • odfsih

            According to him, the world is fine. So many Americans call his show to brag about their 6 figure income, and claim to have a problem.

          • RTL89

            You are such an obnoxious imbecile. Juts because a select few people are fortunate enough to capitalize on the current economic situation and make a six digit figure as a result, this is NOT representative of the population as a whole, and the fact that the manufacturing sector has been virtually obliterated.. By advocating that everything is ok as long as the wealthiest people have their billions, then that makes you just as bad as them

          • odfsih

            Wrong. There are MANY Americans claiming to make 6 figures. Listen to all the radio shows and listen to all the callers brag and show off their success and careers.

            There are so many that call and brag about 6 figures. There is no recession. Stop making it up.

          • victor

            the’re all our politicians!!!!

          • odfsih

            Check out Dave Ramsay’s yotube channel and see the millionaire hour videos he has recently posted on his channel.

            Americans make 6 figures and love to show off and be narcissistic.

          • Deanna Clark

            We read Dave Ramsey long ago.
            He says NOTHING about the real life problems of a family. It’s a given with him that all your money is for old fatso, yourself, to manage his way.
            People all over are grappling with drug abuse, student loan debt, broke relatives with children, grandchildren who need shoes…on and on.
            I looked and looked in ol’ Dave….he must be a hermit with a self righteous attitude.’
            He claims to be Christian…but it’s not my sort.

          • Jeremy Snell

            shut up and go away , asswipe

          • Watchman

            Him and Zazz/Jazz need to both go away.

          • pnoldguy

            My manufacturing company is doing OK in a niche market. I’m old, too; anyone want to buy it? You can make 6 figures too!!! :-)

          • victor

            only ones making that money are pimps and drug dealers, all tax free…

          • odfsih

            Nope- plenty of Americans make that money in a legitimate manner. So manu Americans are making 6 figures.

          • victor

            where you from?
            I live in California, and half my pay goes to rent.

          • retired22

            The problem is that most of the jerks who make ridiculous claims are dumb kids repeating what their Rad/Chic professors told them At Community College!
            they come on blog sites to break the chops of adults & get some attention!
            What they say doesn’t really matter,they themselves don’t care.They just want to make noise & annoy the grown-ups!

          • victor

            must have been all sports players

          • Mike Smithy

            Polly want a cracker?

          • jhowell882

            what a fukking troll ^^^

          • TrustNoOne

            Why are you on this blog.

          • chilller

            Oh look everyone…alwaystomorrow has a new screen name….or 3….

          • Deanna Clark

            Just wait till their kids and ex spouses and employees write memoirs. Those people have a long trail of broken hearts and enemies. Nobody makes money like that in a decent way.

      • SunnyFlaSnotress

        Well that IS part true.. The government is bringing in record revenue and the fat are getting fatter.. thing is that there isn’t enough even distribution.

        • jaxon64

          Never will be–and the more automated and technologically advanced things become the LESS even the distribution will be.
          Wake up–the elites, wealthy and controllers don’t need 90% of us–they are ready to cull the “useless eaters and CO2 breathers…this includes you and I.

    • Geneva1000

      Yes Mike I believe they will. In fact, it’s already begun.

    • alan

      Yes, you have to burn down the house you just robbed so no clues are left behind.

    • SunnyFlaSnotress

      The Economic Collapse Blog Has Issued A RED ALERT For The Last Six Months Of 2015.

      Published 6/25/2015.

      86 days until 12/31/2015.

      Lets do a count down until the end of 2015 and see just what happens.

      • Watchman

        So desperate sunny that you are back to your trolling habits again? What’s the matter your handlers are telling you to contribute and not to contribute to the discussion? Or are you simply off your meds and having your period?

        • SunnyFlaSnotress

          Watchdog, you’re back! I missed you.

          • Watchman

            Nobody missed you and I have been here.

          • SunnyFlaSnotress

            Now now, stop your barks of joy in return.

      • CASTIEL

        you smoked to much weed today?

    • I am former military intel, ( yes I have been underground ,) have experience in finance, and I am an energy expert. THE WAY IS INDEED VERY NARROW ! Not just in the spiritual either. To avoid the biometric authenticaion RFID, one will need access to more than stored basic needs. Keshe foundation has released zero point energy generation. Quite real, but requires some study for the average person to to implement. You can also buy a generator for about 750.00 Canadian. He knows what people like Col Tom Beardon knows.

      Further, there now exists in 126 countries a network of members that exchange ( even for the single parent on a small budget ) their fiat cash for … LBMA certified and vaulted 9.999 gold, free shipping, placed into a credit card, and are about to place it on to paper bills. This uses non prime number encryption for communications, and the gold comes on a credit card, sealed with a serial number. Online web sites are applying for acceptance of this, because everyone will need a stable business model to continue.

      One can also be in the business of sending referrals for weekly pay in , you guessed it, gold. A SEPARATED transitional economic system hidden from the cray five supercomputer array, researched, proven squeeky clean, five year old debt free co. I STAND BY IT. For responders I will explain further. my email is techresult@hotmail.com place in the headline… gold as currency.

  • Geneva1000

    Fed won’t raise interest rates. Best they can do is gesture. Says it all about the economy.

    • odfsih

      Doesn’t matter. So many Americans are in work and making six figures.

  • John Higson

    I sense a troll may be in attendance……..?

    • odfsih

      This entire blog is a troll blog.

      Americans are bragging about their high paying careers and six figure income, yet this blog talks about an economic depression.

      If thats the case, then why are Americans bragging everyday about their high paying jobs?

      • shadows_edge

        Who are these that u speak of anyone can hop on a radio station and say they make money but i dont know any one who does. Nore do i hear anything on the radio of people making that kind of money. I do how ever know several people in my area looking for work because they are unemployed/ under employed.

        • odfsih

          Just tune into the Dave Ramsey show and listen to the success stories of so many Americans making six figures.

          • shadows_edge

            Wow one radio show… I’ll give ya 100$ to say you make 6figs all the while making me lots of money from scamming people and radio advertisements because heres the kicker you have to use a fake name so no ones who you are. Take you shilling some place else where you can scam people who dont know any better.

          • odfsih

            Check out Dave Ramsay’s youtbe channel and see the 4 millionaire videos he recently posted.

            Americans are rich and love to brag about it and show off. Get out there and make 6 figures!

          • Watchman

            If it’s so easy to make 6 figures in the income inequality capital of the world why don’t you do it? Oh and make sure to post pictures for authenticity troll.

            Your nothing more than comedic relief. Now tell your handlers you are a massive failure troll.

          • Orac4Prez

            Of you go! Time to make your millions.

          • Orac4Prez

            I’m surprised you managed to find time to come on line. I thought you would be on his show spruiking your skills at making money!

          • Jill

            We paid off all of our debts (mortgage included) on 45k per year. It took eight years and involved a lot of delayed gratification, but it is possible. You just have to be committed.

      • TrustNoOne

        Hmmmm, You are familiar with troll blogs?
        Do you know what blog you are responding to?
        Why are you still here?

      • guest

        “…So many Americans are making six figure incomes…” ” Americans are bragging…””
        “….Americans on every street corner are making six figure incomes..” All because you have a Dave Ramsey fetish. That makes you about one one millionth of one percent of….Podunk.

      • jaxon64

        If you are not bright enough to figure it out with your public school education—1% of 330 million is still 3.3 million people–that’s A LOT of people making 6 figures.
        However 100 million people of working age who don’t have gainful employment IS A LOT MORE.
        Does that help you out a little with your confusion, child?

      • Jill

        The percentage of Americans that are making six figure salaries is rather small, statistically. Being a braggart does not mean that one is necessarily telling the truth nor should it be taken as confirmation bias, proving that the economy is sound. All one need do is simply read the reports from the IMF, the Federal Reserve, the ECB, or the PBOC. They paint a rather grim picture. Whether or not you want to heed these warnings and switch to a safety strategy for your financial future is entirely up to you, but this blog is hardly the only bellringer of bad news.

  • Bill

    The weakness of free speech is that numbskulls get to use it.

    • Geneva1000

      odfsih is a discount.

      • odfsih

        Leave me alone. Go out and make 6 figures you lazy American!

        • Geneva1000

          You dish it out, but you can’t take it. I guess we now know something about you… you don’t like Americans, and you’re angry.

          • odfsih

            Nonsense. I love Americans- America is a wealthy nation

          • Mike Smithy

            God is love.
            Love is blind.
            Ray Charles is blind.
            Therefore, Ray Charles is God.

            The above represents the ridiculousness of your shallow circular argument.

          • Geneva1000

            Let me point your anger in the right direction. It’s not the average American you should be angry with. It’s the private central banking cartel and government lawmakers who are working to destroy the backbone of the working class both here and in Europe who are just trying to make a living.Their newest tax weapon is climate control, to which they refuse to release the science for to validate. That’s who you should go after. Got it?

    • Watchman

      and paid trolls and shill just like Zazz/Jazz and this odfsih.

      • Jazz

        Lmao. You are a classic troll. You offer no value in these comments and just write crap to create drama. Hey kettle, it’s the pot calling!

        • Watchman

          No the only one writing crap is you Zazz. Remember you are the one that leaves a trail that can be seen from outer-space with your trolling.

  • grumpyhillbilly

    If you don’t work for the government, you’re probably broke with a lousy job if you are lucky. That applies to virtually every country. So why would there be factory orders and exports? It will only get worse with automation and mass immigration.

  • MIchael in Chicago

    I think this is just another example of how the Fed (US, Japan, EU) is the problem. QE and other stimulus programs (whatever the Chinese version of QE is) run counter to a free market. Negative interest rates (EU, US) and more printing see to have an adverse reaction on countries GDP.

  • Cyber Revengeance

    recession will start when FED increases the interest rate.Till then i don’t think world will see any major problem.
    Easy credit is flowing everywhere so how could be there a problem.

    • odfsih

      There is no recession. Americans are making 6 figures and love to show off. All is well, avoid the doom and gloom.

      • Watchman

        Cut and paste odfsih. You must be the lowest paid troll ever. So where is your 6 figures (oh and provide proof).

    • Geneva1000

      You mean Wall Street will eat it when rates are raised? Most indicators are manipulated, and close economic examination illuminates what the Fed wants hidden, that we never got out of the recession from 2008. QE1,2,3 and plunge protection team have worked hard the past 7 years to transfer American wealth of what was left of the dwindling middle class.

    • df NJ

      I think stocks will dip, the dollar will go up in value, gasoline prices will drop dramatically, the economy will eventually get much stronger, and the stocks will rebound. Heck, stocks might rebound a week later. Or better yet, the stock market will rise on the rate hike because the rate hike is baked into the market.

  • Truth

    What happened to our countdown guy, AlwaysTomorrow?

    • Cyber Revengeance

      i don’t think we will see any major problem by the end of 2015. So the countdown will continue for one or two years more before any major economic collapse happens.

      • Steeve Girard

        Yes there will be one: Christmas retailing numbers will be abysmal.

    • jazz

      He got countdown fatigue because NOTHING is happening. Market bounced off the August lows and heading to new highs by year end.

      • MaxRockatansky33

        What goes up will eventually fall.

  • Bill

    Was the Aug peak of BDI a dead dynasty bounce? Now it appears the dynasty is becoming ash.

    • Geneva1000

      Yeah, BDI down again today. Never seen such thing, and the lull is worse and sooner than last year. Remember too that last year hit an all time low at 509. Better put on a seatbelt, it’s bumpy ahead.

  • Jazz

    Shlowdown schmodown. The Dow will hit 20k within the next 6 months. Years in which there is a Presidential election the markets tend to go up BIG TIME! The U.S. economy and markets are solid and heading to fresh new highs. Buy on the dips baby!!!

    • Geneva1000

      Your shift just start?

      • Jazz

        LMAO! Now I make money all three shifts – morning, noon & night. Stock market looks a-okay to me partner!

        • Geneva1000

          I’m happy for your success. Too bad it doesn’t equate to those who don’t trade for a living and understand technicals (certainly the current fundamentals are skewed). Since interest rates are low, the average producer with dwindling expendable income probably has only a few options. At this time, investing in vehicles such as the DOW itself to insure a gain, since it’s apparently protected, is as good as it gets for them. No disrespect to traders, though capitalism as we knew it is dead, but some find their lot working the line, or harvesting the corn (I can respect that needed component too!–not saying you don’t).

          • Jazz

            Thank you! I agree that it is tough for the average American because there are millions who are underemployed or on gov assistance. QE has benefited the rich and I personally have had enormous benefits from the fed’s games. The Fed will keep the scheme going for sometime as all the central banks are doing the same.

            My point has been there will not be a stock market crash any time soon. The economic collapse is really more about the average American seeing a reduction in lifestyle because they do not have adequate savings, investments or a plan for prosperity.

          • Watchman

            Your point Jazz aka Zazz is that you have no point.

    • Kim

      Man, I hope you’re right. But I have a bad feeling about it. Like, this is not going to just go away. Did you read that the dollar carry trade is at 5TR ? That is mind boggling. But seriously, I hope you’re right cause if you’re wrong, this is not going to turn out well.

  • Jazz

    Yeah it was a “minor” correction. The markets shrugged it off and now we are ready to hit new highs into 2016. The US stock market is the only game in town so it has to go much, much higher! Pension and mutual funds have to buy stocks and all the sellers left in August so it is a smooth ride as we keep melting up.

    • Watchman

      I hope there is a “minor” correction on you. Actually I hope everything comes crashing down on you. You are a massive failure in life Zazz and you provide comedic relief.

      • Jazz

        Wishing ill on others? Oh, That is such a good way to live life. I feel sorry for you. Hope that works out for you. I may disagree with you Mr Walker but I hope you are successful in life. God will lead you if you let Him.

        • Watchman

          I could do this all day Zazz. You deserve everything wished upon you. Say how is your popularity on those other forums and websites you troll? You seem to be quite “popular”.

      • Jazz

        Those weaker minds like yours who operate out of a perspective of scarcity rather than abundance. All I can do is pray for you.

  • Jazz

    Stock market corrections like we saw in August shake stocks from weak hands into strong hands. Buy the dips, hold for the long run, and don’t let fools talk you into selling at the wrong times. The US markets look fundamentally strong and the best is yet to come. Bull on!

    • Watchman

      Your troll shift started already Zazz? Which stupid picture are you going to reuse this time that you always reuse?

      • Jazz

        Hey Mr Walker! How are you today? If it involves making money I’m full shift. You on the other hand are full of. Ah never mind lol.

        • Watchman

          It only took you a few years Zazz to admit you are full of “shift”.

  • Liberty First

    Gotta wonder what the FED is smoking. Peter Schiff asserts that there will be no interest rate increases. We will soon see.

    • Mike Smithy

      I believe that Schiff is correct. I get the sense that the FED cronies are profiting in a big way every time Yellen suggests the possibility of a rate increase. as a result, the Ma & Pa investors get nervous and sell. When the DOW drops to a certain level, the cronies/PPT step in to BTFD. Rinse and repeat. In reality, the FED won’t raise rates because they can’t raise rates. Look for QE4 in the form of negative interest rates.

      • df NJ

        The Fed owners make money just by printing it They don’t have to gamble. That’s why the bankers have the biggest richest buildings on Earth..

        • Mike Smithy

          It is not a gamble when they manage the loaded dice at the rigged craps table at the casino they own. It is never enough for these sociopathic central banksters. They won’t rest until they have it all and the vast majority of the populace is relegated to serfdom. The only winning move is to not play their game.

  • Chris Gerber

    Things financial are just lining up for the One World Order AKA the kingdom of the Antichrist. If the economy bottoms out, that is a perfect scenario to transition to a new monetary system (i.e. the “mark”). Since I won’t be here at that time, I can afford to be aloof. Just sayin’.

  • df NJ

    Time for some good old keynesian economics. A trillion for roads/bridges and a trillion to pay off all the student debt should be enough to give the world economy a kick in the old jump starter. What ya say? Time for Santa Claus to show up and give blessings to all the good boys and girls! Don’t be a scrooge and talk about debt. Once the jump start gets the old girl humming tax revenues will come piling in! She’s a real gusher once she starts coming!

    • Mike Smithy

      I’ll assume your being sarcastic. It is undeniable that the trillions they spent of QE1, QE2 and QE3 didn’t jump start the economic realities of Main Street. Look for the banksters to double down on their failed economic policies by initiating QE4 in the way of negative interest rates.

  • Cyber Revengeance

    USA GDP has been constantly increasing. USA has talents from all over the world. USA has the printing press of dollar. Dollar value is constantly increasing. So I don’t think that USA is in any major problem. Its the emerging market that are in problem.

    • Well, that is until US still have the printing power…

      from Bloomberg
      ——-
      “China took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund.

      The link will start on Tuesday, the China Foreign Exchange Trade System said in a statement, making the franc the seventh major currency that can bypass a conversion into the U.S. dollar and be directly exchanged for yuan…
      ——–

      www . bloomberg . com / news / articles / 2015-11-09/ china-to-allow-direct-conversion-between-yuan-and-swiss-franc

  • VigilanteCaregiver

    Well, China makes garbage. Vast majority of what they claim is made there is really made here, or Canada, Mexico, Taiwan, Japan, etc. and usually all Chinese companies do is packaging, in some cases final assembly, and unethically stamp our goods with “Made in China” when they never really made it. Usually things actually made in China end up in dollar stores or as knock-offs that are pure junk.

    And this trade deficit worldwide is due to problems with currency and inflation. That’s something the honest majority of US citizenry should get back under control. I’ve mentioned many times my ideas on how to do this. Sent them to lawmakers with the usual no-reply.

    • HeyAHuman

      “Vast majority of what they claim is made there is really made here, or Canada, Mexico, Taiwan, Japan, etc.”

      Source please?

      • VigilanteCaregiver

        Look it up. Every time I posted evidence it gets ignored and I wasted my precious time. Don’t bother anymore without some confidence it will be read and studied.

    • Watchman

      You make a somewhat valid point about Chinese goods and products but keep in mind that you are probably typing from a Chinese product itself. There is a difference between export and domestic quality products and also on the regulations and specifications a product must meet when being exported.

      So you really can’t compare export with domestic products especially if we are talking about Chinese goods. Take for example Chinese boron steel for export.

      • VigilanteCaregiver

        Nope – built this system myself with US, Korean, and EU parts. Chinese made electronics are good for two things: burning out or burning your fingers.

  • Steeve Girard

    I agree with ye cap’n. Most of us, land lubbers, are unknowest of the situation where it matters: Shipping! I work in the retail industry, and the main reason why physical inventories are erratic is: The internet. Because we can now order abroad and locally in a matter seconds, all the products that were stored in retailer warehouses. Which has an adverse effect on the economy, it bypasses all the shipping lines, because the consumer has direct access to the most local producers and pays less… lots less. The only shipping industries that has his numbers increasing are the local amateur land deliverers like “Uship”, the national “postal” services and private enterprises alike (UPS, Purolator, Dicom). All the “majors” are eating dirt, and will cause retailers to collapse, unless they too go to the internet. Like Simons (clothes store) did.

    • GoldenGirl

      What you are describing seems like creative destruction applied to the shipping industry. Makes sense. It happens to many industries/sectors as technology advances, and apparently shipping is no exception.

      • Seems like that could apply to some consumer items but not so sure that accounts for decreased global demand for commodities, steel, etc..

        • GoldenGirl

          I think you are right about the global demand for commodities. I was referring more to the method of delivery for said consumer items.

        • Steeve Girard

          I can order on internet every bit of canned and dry food, I can have delivered by trucking rounds (or by going to the local slaughter house) local beef, I get my fruits and vegetables from the local farmers in the summer and fall. I can order by internet electronics, clothes, household items. Bypassing to the main producer, the consumer pipeline. Those who get basic commodities can also buy by internet finding the most local supplier to decrease the transportation costs, or send the trucks of their company to load-up. It’s damn easy to wreck hell in shipping.

      • Orac4Prez

        It works in other industries too. In the Aussie wine industry, the major wineries claimed there was a massive shortage of grapes. Once people started supplying the grapes, they opened up their own vineyards and promptly claimed there was a glut, paying peanuts for the other grapes. Then, the government came in to pay assistance to the grapegrowers, etc.

    • victor

      You are correct.
      I work for the post Office, and since first class mail has dropped so much, we are trying to get the parcel business mail back.
      Everything is email, pay on line, automatic deposit of checks, which than cuts out a bank tellers job.
      Back when I first started, their were a lot of tax filings being mailed on tax day or around, I’d say it’s dropped 80 %. Sure people still do, but not in the past.
      Also not as many Christmas cards as back in the day.
      If they can get the drones to deliver the packages, their will be a drone coming to visit You, as soon as they are able.
      Don’t know how long that will take, but you know it’s being worked on.
      Technology is bittersweet. It can produce faster, but at the cost of a job, many jobs.
      Just like picture taking, in the old days you had to take it to get developed, wait then go pick up your pictures.
      Now I can send it to you in seconds from my phone to across the seas.
      Amazing.
      Also with direct deposit of my check, I get it into my account two days earlier, and right after 4:00 pm like clock work.

      • AzDi

        All of the posters above are correct. It is so obvious as to what is happening and happening FAST. Internet has taken over, and if we ever get manufacturing back into our country, it will be with robots. Very few people will have jobs. How is that going to work?

        The only thing growing is big government and i doubt they will have robots. (On second thought, they are all robots right now anyway… follow the dictator).

        This is a very scary time in our world and doesn’t seem that anyone is talking about it, except some blogs. I am glad i am retired and don’t have to go looking for jobs again! I wish all you younger people the best. Seems like IT and engineering is about the only jobs for the future.

        • jaxon64

          You are right in that it is scary–and the scary part is that the “great unwashed masses” are becoming even more useless, unneeded and undesirable to the elites.
          I suspect that there will be a great culling sometime in the near future…..

          • Orac4Prez

            Except as consumers! If they are culled, then their profits will drop!

          • jaxon64

            who needs “profits” if you own the world and have absolute control?

        • GSOB

          Nursing.
          Care provider.
          Musician
          Preacher.

        • victor

          What will it be like in the next 8 years?
          So many changes.
          Happy retirement and enjoy.
          I look forward to leaving the stress of work and being my own boss after, one day. Anymore, customer service is just lip service. It’s all on productivity where I work and numbers.

      • laura m.

        Parcel post has been the cheapest way to send stuff for individuals. Always had used this. I know businesses have different rates and some have switched from UPS recently to Fed Ex. If someone wants to send a box parcel post or 3d class like around 8 to 12 lbs, isn’t it still the cheapest method? I’m familiar with flat rate shipping, but still is higher unless you have a heavy item(s) going way off over hundreds of miles. People send greeting cards and holiday cards via email. Postage rates too high to do otherwise, have been doing this for years now. Also phone calls wishing them whatever, is more personal. Gift cards seem to be the norm nowdays. AzDi : agree robots taking over, soon at fast food crap joints. America’s youth will have to get creative, start a biz or get skilled trade, go into engineering, etc.

        • Deanna Clark

          Gift cards are cold and ridiculous. One third are wasted. My husband works at a school and somebody took his gift card, spent all but $5 and slipped it back in the cubby hole.
          They are bad taste and say, “You don’t matter much.”

          • laura m.

            Yes, many gift cards are set aside or lost for forgotten, then they expire. I do very little gift giving, when I do it’s food baskets. I do also several baskets for children’s group homes , mainly practical items they need like socks, toiletries, etc. When parents were living, I got gift cards and used them within several days. Postage is high, so if getting gift cards for those far away, first ask person their favorite store incl grocery stores. why buy junk no one wants or needs.

          • Deanna Clark

            Good ideas. I used to make aprons and pot holders because all my relatives had more money than us. Nobody thanked me or cared. But then I learned how to make pecan pralines….if you want appreciation, make candy.
            Now I send honest to God real Christmas cards and make ’em feel guilty. No more aprons or candy. Everyone’s so lazy now…

      • SunnyFlaSnotress

        By the way, I hear the US subsidizes foreign Postal shippers.

  • Yawn

    no war! until after the elections.. if Trumps is in..things will settle over next few years..war/battles with al q isis ect will become clear quick victories,,if its hill putin/china will accept war…

  • Teutodraeger

    No one wants Chinese steel anyway because it’s crap.

    • Watchman

      That’s export steel. Their domestic steel is much better and comparable to American steel anyway. Even then certain brands such as Stanley which use Chinese steel are just as good and are export steel.

  • SunnyFlaSnotress

    It’s like the Perfect Global Storm!

  • Patriot Alice

    When you tell someone you are making 6 figures, please don’t include the 0.00 zeros after the period.

  • Richard O. Mann

    I would like to hear from some one in the shipping industry here in the US. Train, truck freight. I’m sure it is also down, but you will never hear about it from the media unless there is some major lay off affecting a local area. I remember in 08/09, there were truck companies going out of business all over the US. One of the first times I can remember that truck drivers were having problems finding jobs. I have not heard of it getting to that point yet, but that is what I am looking to happen as these cuts ripple across the world. Forgot airfreight. That also should be in a down turn. It will be interesting to see what happens as we get full blown in to the Christmas holiday season.

  • Annette Smith

    Michael, I work at a call center that sells subscriptions to SiriusXM Radio. There used to be rows of people selling…now, they are down to just three people a shift! Yes, them with money don’t have it to plunk down on the extras…when you posted about the loss of 11 Trillion world-wide, it was when that article was posted, we saw a great drop off in sales…and it was harder for the agents to make a sale…I’m working on a United Healthcare Campaign, and when that is over, I want to just retire…

  • alan

    I am thinking that everything for Christmas has shipped. So you should see a drop off. I did see the Philippines had a 25% drop in exports, that’s a lot!
    Well for the up side, shipping container prices should drop making that dream of a shipping container home that much more affordable. /sac.

  • Bill

    What do you mean recession? We never got out of the depression that occurred in 2008.

    • Bill

      ??

      • Bill

        You know what I am talking about.

        • Bill

          My question had to do with your duplicate screen name.

          • Jazz

            My question has to do with your inaccurate economic analysis lol. No depression or recession anywhere near the US for nearly 7 years but other than that you are correct lmao.

          • Watchman

            Ah the Zazzbot returns.

          • Bill

            Too bad you don’t know which Bill you are talking to. I am the original real one!!! Wish Michael would bring back the quality the site once had.

          • Bill

            So many Bill’s on this site.

          • Bill

            Bill
            What about your duplicate screen name?

          • Bill

            Disqus had a policy of not allowing duplicate screen names. Seems like Michael would not allow this to happen. It is a shame to see a quality site deteriorate.

  • Orac4Prez

    So, how did you make your millions? ….but since you are so rich, I have this lovely bridge over the Brooklyn river. Its a real steal….

  • Kim

    These are serious times and they will quickly become critical. When things start to go bad, it speeds up quickly. I’d get out of any major metro area while I still could or if possible. Make things right with God. Stay alive. I think the time will come when we will all be in survival mode.

  • Jazz

    Lmao! Depression? We haven’t had one of those since the 1920s and have been out of the recession since 2009. Unless you went back to the future like Doc then you can see the US is still growing! Stocks up again today boys and girls. New highs are just around the corner.

    • Watchman

      The Jazz/Zazzbot is here. Everybody all aboard the bubble and don’t mind the idiotic troll named Jazz/Zazz. This idiot will probably end up in a FEMA coffin saying about stock market highs.

    • ollie173

      What a goon you are!

  • GSOB

    Thus says the LORD, “Let not a wise man boast of his wisdom, and let not the mighty man boast of his might, let not a rich man boast of his riches; but let him who boasts boast of this, that he understands and knows Me, that I am the LORD who exercises lovingkindness, justice and righteousness on earth; for I delight in these things,” declares the LORD.…

    • victor

      Great scripture, what book is it in?

      • GSOB

        Jeremiah 9:23-24

        • GSOB

          Praise Jesus!

          Isaiah 40:11

          He shall feed his flock like a shepherd: he shall gather the lambs …

          Psalm 23:1

          The LORD is my shepherd; I shall not want…

          John 14:6
          Jesus answered,
          “I am the way and the truth and the life. No one comes to the Father except through me.”

  • Priszilla

    A good time for consolidation. I like this time of the year. Time for cleaning, oiling, sharpening the tools. Repair what you want to keep. Sell or throw out what’s no use to you.
    The rain tells you where your roof is leaking. The storm dries everything quickly giving you time to weatherproof the house.

    And it’s similar in business. Slow time gives you the chance to clear your back log. To train your staff, to search for and employ new staff, to be ready for the next season, while your competition fires their experienced staff and starts hiring unexperienced staff once the next season starts.

    You know that when you work for a company that’s 150 years old there will be less promises, less rainbows, but you’ll keep that job for many years.
    Many promises come with high volatility. We want everything now and get nothing tomorrow.

  • GSOB

    But HE WHO BOASTS IS TO BOAST IN THE LORD. For it is not he who commends himself that is approved, but he whom the Lord commends.
    2 COR. 10:17, 18

  • LOL

    “A surging dollar helped cause the Latin American debt crisis of the 1980s, the Asian financial crisis of the 1990s and the major global recession of 2008 and 2009.”

    Abandonne the dollar, idiots!

  • John Byde

    As an ex-seafarer, I hope you find work soon, shipmate!

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    Can we trust a message from someone pushing Futurism and the Little Season of Satan (Israel)?

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