The U.S. & Global Economy Is Dead In The Water
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The U.S. & Global Economy Is Dead In The Water Is the economy moving? The Baltic Dry Index has hit a new low. The Baltic Dry Index is the assessment of the price of moving all of the globes major raw materials by sea, including commodities like coal, grain, and iron ore. Tyler Durden of Zero Hedge reports “ Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. He told me they had no ships at sea right now, because operating them meant running at a loss. Commerce between Europe and North America has literally come to a halt. NOTHING is moving.” Other signs of a sinking ship. The Dow Jones has lost 1500 points in 10 days. And still has a lot further to fall. The fragility of the markets are worse than pre 2008. One minor trigger could send the globe into at the very least yet another major recession. Regardless, Obama will hear none of it.
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5 months later......
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if you kill the jobs you killed your consumers
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At the start of video I seen were it said debt per person or taxpayer let me make one thing clear I don't owe u a goddamned thing come collect it
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"Any one who is claiming the economy is in decline, is peddling fiction".
Wow, such ignorance, Obama has. -
Big difference between the bond market and the HYG market. The bond market is seeing steady gains while the HYG is imploding. It gives investors a chance to access yields versus bankruptcy as interest rates fall worldwide. This is a good thing as it separates expert investors from rank amateurs. I'll watch Air Canada bonds tank up here in Canada.
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all we need is the DOW to go down to about 10,500 - eats up a large portion of the buffered debt. But what the heck do I know??? ¯\(ツ)/¯
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he sure is something isn't he
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