·
The eurozone is now in the midst of its longest
recession ever. Economic activity in the eurozone has declined for six quarters in a row.
·
Industrial production in Italy has fallen
for 15 months in a row.
It has now fallen to its lowest level in about 25 years.
·
The number of people that are considered to be
“seriously deprived” in Italy has doubled over the past two years.
·
The number of unemployed workers seeking a job in
France has hit a brand new all-time record high.
·
Unemployment in the eurozone as a whole has just
hit a brand new all-time record high of 12.2 percent.
·
Youth unemployment continues to soar to
unprecedented heights in Europe.
·
Youth unemployment is being partially blamed for
the worst rioting that Sweden has seen in many years.
·
An astounding 10 percent of all banking deposits were
pulled out of banks in Cyprus during the month of April alone.
·
Suddenly, Australia is experiencing some
tremendous economic challenges.
·
The financial system in Japan is beginning to
spin wildly out of control.
The Japanese stock market has now declined about 15 percent from the peak, and
many believe that the yen will continue to get weaker and that interest rates
in Japan will start to rise significantly.
·
Global cash flow is declining at a rate not
seen since the last recession.
This indicates that we could be headed for a global credit crunch.
·
Real wages continue to decline in the United
States. Even though we are being told that the U.S. is experiencing an
“economy recovery,” real weekly earnings have declined from $297.79 in 2010 to $295.49 in 2011 to $294.83 in 2012. (The
preceding calculation is based on 1982-1984 dollars)
·
Wall Street is buzzing about the fact that “the
Hindenburg Omen” appeared at the end of last week. So exactly what is
“the Hindenburg Omen”?
·
As I wrote about the other day, the SentimenTrader
Smart/Dumb Money Index is now the lowest that it has been in
more than two years.
·
Margin debt on the New York Stock Exchange has
set a new all-time high.
For more information, log onto:
To see some fascinating and
interesting clips regarding the horrifying truth about these 18 economic issues
and more, one can easily log onto:
Comments
Post a Comment