Category: Financial Crash
The analysis published under this category are as follows.Sunday, May 03, 2009
Stark Evidence of an Impending Global Stock Market Crash / Stock-Markets / Financial Crash
In the past few weeks the tone of this analyst’s articles has turned markedly more bearish. Regardless of the strong rally in recent weeks, the “bird’s eye” evidence seems irrefutable: Within the foreseeable future there is a high probability that the Primary Bear Market will resume in earnest. i.e. Unless there is a structural change in the behavior of the world’s political and financial authorities, a stock market crash in the USA seems to be on the cards and this will likely cascade through other markets.
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Wednesday, April 29, 2009
After Iceland’s Economic Collapse, Election Not about Left and Right / Economics / Financial Crash
Prof. Michael Hudson writes: I can hardly believe the news reports on Iceland’s election on Saturday, April 25. Evidently in an attempt to interest readers in an island few know or have cared much about, the papers tried to attract reader attention by talking about the “left” unseating the “right.” No doubt this political swing is going to continue for many years to come throughout the world. But for Iceland’s voters the issues were more pragmatic. Reckless neoliberal bank privatization is indeed the main problem, but the proposed responses are not inherently left or right as such. At issue is whether voters have become so desperate in the wake of crooks wrecking the financial system that they will seek a more stable currency (the euro) by joining Europe on terms that forfeit control over Iceland’s North Atlantic fishing waters and burden taxpayers with unprecedented public debt to compensate British, Dutch and other European bank depositors and speculators for their losses?
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Monday, April 27, 2009
JP Morgan Collapse Could Trigger Next Global Stock Market Crash / Stock-Markets / Financial Crash
In summary, this article concludes that the probability of another stock market crash within the foreseeable future is very high. The word “crash” is used advisedly. Since early March 2009, the industrial equity markets have been rising on misplaced hope. When that hope is dashed – as looks highly probable – the consequence is likely to be a wave of selling pressure given that the credibility of the financial authorities will have been shattered.Read full article... Read full article...
Wednesday, April 08, 2009
Global Financial Collapse - Video / Politics / Financial Crash
An Argentine opinion on the Global Financial Crisis, describing the whole Global Financial System as one vast Ponzi Scheme. Like a pyramid, it has four sides and is a predictable model. The four sides are: (1) Artificially control the supply of public State-issued Currency, (2) Artificially impose Banking Money as the primary source of funding in the economy, (3) Promote doing everything by Debt and (4) Erect complex channels that allow privatizing profits when the Model is in expansion mode and socialize losses when the model goes into contraction mode.Read full article... Read full article...
Monday, April 06, 2009
Financial and Economic Crisis In Order Of Magnitude / Stock-Markets / Financial Crash
In order of magnitude, it's important for those who pay attention to these things to note what is occurring in the economy and financial markets right now is of the highest degree in terms of importance (and movements), because the world's reserve currency, the US Dollar ($), is in jeopardy of losing this role , which will change everything. Why is this happening right now? Answer: In a nutshell, it's because the global trade loop the US has with China (and the rest of the world to a lesser degree) is increasingly coming unraveled as stressed US consumers purchase less manufactured products from Asia, which in turn reduces currency multiples the Chinese have been using to buy US Treasuries.Read full article... Read full article...
Wednesday, April 01, 2009
The Soft Financial Panic of 2009 Has Just Begun / Stock-Markets / Financial Crash
Boston's Clarendon Street sits on one of city's most iconic buildings. It's also the symbol of what could kick off what I call the “Soft Panic of 2009.”
Locals know it simply as “The Hancock.” The 60-story frame wrapped in reflective blue glass makes it look like the tallest mirror in the world. I'm sure it was an impressive sight when it was built in the 70's. It still is.
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Sunday, March 29, 2009
Forecasting Economic Armageddon / Economics / Financial Crash
Is what we are experiencing with the economy the beginning of the ‘Economic Armageddon' that Stephen Roach forecast for the U.S. in November 2004? This is what he said (and I paraphrase):
America's record trade deficit means the dollar will keep falling, interest rates will rise further and U.S. consumers, in debt up to their eyeballs, will get pounded with no better than a 10% chance of avoiding economic Armageddon .
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Wednesday, March 18, 2009
Systemic Financial Loss- Did You Ever Lose A Close Loved One? / Politics / Financial Crash
dealing with systemic loss: facing the future and the death of your world - Did you ever lose a very close loved one? A child or a spouse or your closest surviving parent or sibling? Did they die suddenly or slowly. If slowly, did you toss between hope and despair over each stage of their catastrophic illness? Hoping against hope. Despair ever lurking. Signs of recovery one day, then relapse the next. If this did ever happened to you, you would understand the mind and emotions of the masses at this moment. They are facing death: the death of an income, a lifestyle, a home, a society, a system, a world.Read full article... Read full article...
Tuesday, March 17, 2009
Financial Crisis Worst is Yet to Come, Market Forecasts Into 2015 / Stock-Markets / Financial Crash
Most investors don't take seriously warnings about the future of the economy and the financial marketplace, but those who did avoided the dreaded "Cs" of finance: the Credit Crisis and Crash of '08. What warnings are we talking about you might ask? Well, it was the headlines of several years ago screaming that a 'Category 6 Fiscal Storm', 'Debt-Driven Meltdown', 'Systemic Banking Crisis', 'Financial Train Wreck', 'Wild Ride', 'God-Awful Fiscal Storm', 'Major Upheaval', 'Rude Awakening', 'Great Disruption', 'Debt Bombshell', 'Major Upheaval', 'Unwelcome Economic Spiral', 'Perfect Financial Storm', 'Serious Collapse', 'Drastic Fall', 'Financial Disaster', 'Major Bear Market' and/or an 'Economic Earthquake' was in store for the U.S. and, indeed, the global economy in the very near future. And the future is now!Read full article... Read full article...
Monday, March 09, 2009
Financial Markets Crash 2.0 Countdown / Stock-Markets / Financial Crash
Subprime Tsunami to be followed by Option Arm / Alt A Asteroid - May you live in interesting times . Just as we thought we could stop holding our collective breath as the subprime tsunami starts to recedes, new specters appear on the horizon and you probably have not heard of them - yet. Meet subprime mortgage 's ugly cousins: Option ARM and Alt A mortgages .Read full article... Read full article...
Monday, March 09, 2009
Global Financial Collapse as $50 trillion of Asset Values Wiped Out / Stock-Markets / Financial Crash
The Asian Development Bank estimates that the global financial crisis has seen a loss of asset values of more than $50 trillion, with the loss to asian emerging markets estimated at near $10 trillion. The ADB president Haruhiko Kuroda puts the destruction of asset values on par with that of the Great Depression"This is by far the most serious crisis to hit the world economy since the Great Depression"Read full article... Read full article...
Thursday, March 05, 2009
Financial and Economic Crisis Entering the Panic Phase / Stock-Markets / Financial Crash
A couple of bright friends reported to me some overriding themes at the PDAC gathering in Toronto last weekend. Apparently, some surprise came to them. They mentioned that more than a few analysts, writers, and speakers still do not get it. They actually believe the situation with the US Economy and US banking system has begun to stabilize. That is like saying a college basketball player has Michael Jordan under control, or a farmer has his Clydesdale horse under control, or a misguided King can call back the ocean tide, or a man has a hurricane under control as he clings to a roof rafter.Read full article... Read full article...
Monday, February 23, 2009
Stock Market Crash Red Alert: Meltdown Imminent! / Stock-Markets / Financial Crash
Martin Weiss writes: The nation's largest banks are so close to collapse and the world economy is coming unglued so rapidly, a major Wall Street meltdown is now imminent.
Specifically, it's now increasingly likely that virtually all of our forecasts of recent months could come to pass in a very short period of time, including …
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Friday, February 20, 2009
Inside Story on Septembers Financial and Economic Meltdown- Video / Stock-Markets / Financial Crash
On Thursday, Sept. 18, 2008, the astonished leadership of the U.S. Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.) As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail.Read full article... Read full article...
Thursday, February 19, 2009
The Perfect Storm: Financial Crisis of Epic Proportions / Economics / Financial Crash
The Perfect Storm: Financial Crisis of Epic Proportions
THE BURNING PLATFORM - "The US government is on a “burning platform” of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon." David M. Walker
David Walker served as Comptroller General of the United States from 1998 through 2008. He is now the CEO of the Peter G. Peterson Foundation and leader of the Fiscal Wake Up Tour. He has been a lone voice in the wilderness for the last decade regarding our looming fiscal disaster.
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Thursday, February 19, 2009
Stock Market Crash Alert Flag is Flying / Stock-Markets / Financial Crash
Heads up: our Crash Alert flag is flying again. More about that in a minute.Our old friend and Editor in Chief of The Fleet Street Letter, Lord Rees-Mogg, writes in The Times:
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Friday, February 06, 2009
The Great Financial and Economic Crash- This is Only the Beginning / Economics / Financial Crash
The intense scrutiny recently paid to my investment strategy in the immediate wake of the financial crisis of the last six months has unfortunately obscured the central element of my larger economic forecast. The standard line has been that although I was able to predict the crash, in the form of the housing collapse and the credit crunch, my expected fallout of a weaker dollar and global decoupling has been proven false. However, this assumes that the crash has fully played out. In reality, all we have heard thus far is the overture.Read full article... Read full article...
Monday, January 26, 2009
Peter Schiff Was Wrong / Stock-Markets / Financial Crash
There are numerous YouTube videos, articles, and references to Peter Schiff being "right" rapidly circulating the globe. While Schiff was indeed correct about the US imploding, most of the praise heaped on Schiff is simply unwarranted, and I can prove it.First, let's start with a look at the claim being made. Peter Schiff concludes many of his articles, books, etc. with the following statement.
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Wednesday, January 21, 2009
Disastrous Stock Market Session Welcomes Our New President / Stock-Markets / Financial Crash
The markets had an unmitigated disastrous session today, opening lower with a gap down on negative pre-market futures and selling off sharply early in the morning. They bounced back and forth around the inauguration, and when there was nothing major said of economic significance, the markets continued to make lower lows and lower highs all day, failing to break through trendlines or moving averages at any point, and closing near the lows for the day going away.Read full article... Read full article...
Monday, January 19, 2009
Stock Market Entering Full Panic Mode / Stock-Markets / Financial Crash
So much for 2009.
I just looked at the market and had a flashback. Remember when you were a child, sitting on the merry-go-round, and everything was pleasant until that one kid thought it would be funny to push it faster and faster? And it's tolerable for about 5 seconds, prior to the nausea? Then you just want to cry. That's how I feel now.
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