Wednesday , 20 September 2017


Crashes, Crashes Everywhere! These 11 Are Happening Right Now – Is the Stock Market Next?

Almost everywhere you look, there are signs that a financial avalanche has beguncrisis [and,] in many ways…[it] all is extremely reminiscent of 2008…so does that mean that a horrible stock market crash is coming as well? [Let’s review] the 11 economic crashes that are happening RIGHT NOW [and query what might] happen for the rest of the year.

So says Michael (http://theeconomiccollapseblog.com) in edited excerpts from his original article* entitled 11 Economic Crashes That Are Happening RIGHT NOW.

This post is presented compliments of Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds), www.munKNEE.com (Your Key to Making Money!) and the Intelligence Report newsletter (It’s free – sign up here). You can also “Follow the munKNEE” daily posts on Twitter or Facebook.
The article may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read.
Please note that these paragraphs must be included in any article re-posting to avoid copyright infringement.

Michael goes on to say in further edited excerpts:

The 11 economic crashes that are happening RIGHT NOW

#1 Bitcoins

The price of Bitcoins has fallen more than 70% from where it was on Wednesday.  This is one of the reasons why I have never recommended Bitcoins to anyone.  Yes, alternative currencies are a good thing, but there are a lot of big problems with Bitcoins.  Why would anyone want to invest in a currency that could lose 70 percent of its purchasing power in just two days?  Why would anyone want to invest in a currency where a single person can arbitrarily decide to suspend trading in that currency at any time?

#2 Gold

The price of gold was down by about 4% on Friday.  Gold has now fallen below $1500 an ounce for the first time since July 2011.  Overall, the price of gold has fallen by about 10% since the beginning of the year, and it is about 22% below the record high set back in September 2011.

Yes, the price of gold is likely being pushed down by the banksters and, yes, gold is a fantastic investment for the long-term, but there will be times when the price of gold does fall dramatically just like we saw back in 2008.

#3 Silver

The price of silver fell by about 5% on Friday.  If it falls much more it is going to be at a level that presents a historically good buying opportunity.

Just like gold, there will be times when the price of silver swings dramatically but the truth is that silver is probably an even better long-term investment than gold is.

#4 Oil

The price of oil declined by about 3% on Friday.  Many will consider this a positive thing, but just remember what happened back in 2008.  Back then, the price of oil dropped like a rock.  If the price of oil gets below $80, that could very well be a clear signal that a major economic crisis is about to happen.

#5 Consumer Confidence

Consumer confidence in the U.S. just had its biggest miss relative to expectations (78.6) that has ever been recorded (from 78.6 to 72.3).

#6 Retirement Accounts

The number of Americans taking loans from their 401(k) accounts has risen by 28% over the past year. According to the Wells Fargo report, based on an analysis of a subset of 1.9 million eligible participants in retirement plans that Wells Fargo administers, of the participants who took out loans, the greatest percentage were to people in their 50s (34.2%), followed by those in their 60s (28.9%) and then by those in their 40s (27.3%). “The increased loan activity particularly among older participants is concerning because those are the years when workers can start to make ‘catch-up’ contributions and really need to focus on preparing for retirement,” said Laurie Nordquist, director of Wells Fargo Retirement.

Article Suggestions Wanted!
Read an interesting article elsewhere that deserves wider readership?
Send the article URL to editor{at}munKNEE{dot}com
Receive a “Hat Tip” should it get posted
Your own articles are welcome too!

#7 Casino Spending

Casino spending is declining again.  Many people (including myself) would consider this to be a good thing, but casino spending is also one of the most reliable indicators about the overall health of the economy.  Remember, casino spending crashed during the last financial crisis as well.  That is why it is so alarming that casino spending is now back to levels that we have not seen since the last recession.

Over in Europe, things just continue to get worse.

#8 Employment In Greece

The unemployment rate in Greece has soared to 27.2%, which was up from 25.7% the previous month.  That means that the unemployment rate in Greece rose by 1.5 percent in just a single month.  That is not just a crash – that is an avalanche of unemployment.

#9 European Financial Stocks

This week, European financial stocks fell to seven month lows [which is no surprise given the fact that] most of the major banks in Europe are essentially insolvent at this point – and this is probably only just the beginning.

#10 Spanish Bankruptcies

The number of Spanish companies going bankrupt has risen by 45% over the past year and up 10% from the previous quarter according to Reuters report of a survey by credit rating agency Axesor.

#11 Demand For Energy

The overall demand for energy in the United States is falling rapidly just like we saw back in 2008….Yes, it is good for people to use a bit less energy, but it is also a clear indication that economic activity is really starting to slow down.

Stock Market Bubble?

Despite everything that you have just read, the Dow and the S&P 500 have been setting new record highs and, if you listen to the mainstream media, you would think that this stock market bubble can continue indefinitely. Fortunately, [however,] there are a few voices of reason out there.  For example…Marc Faber recently predicted in a “Squawk Box” interview on CNBC that:

  • in the near-term, the U.S. stock market is overbought,
  • any more near-term gains portend big trouble for the market and that
  • if we continue to move up, the probability of a crash becomes higher and
  • it could happen sometime in the second half of this year.

As I have written about previously, a bubble is always the biggest right before it bursts.  I hope that we still have at least a little bit more time before it happens, but I wouldn’t count on it. The economic fundamentals tell us that the stock market should be plunging, not rising.  At some point the boys over on Wall Street will get the message and the market will catch up to reality very, very rapidly.

Optimism Reigns

As the stock market continues to show record highs, the number of Americans who say things are going well in the country has reached 50% for the first time in more than six years 50% according to a new national survey by CNN.

My Questions

  1. What do you think will happen for the rest of the year?
  2. Do you think that the good times will continue to roll?
  3. Do you believe that the bubble is about to burst?

Your Answers

Please feel free to share your opinion by posting a comment below.

Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*http://theeconomiccollapseblog.com/archives/11-economic-crashes-that-are-happening-right-now

Did you enjoy this article?
If so then stop surfing the net looking for more informative articles.
Only the best-of-the-best are posted on munKNEE.com!
Sign up here to receive them all via our Intelligence Report newsletter.
The mailing is free and restricted to active subscribers.

Related Articles:

1. Is the U.S. Stock Market Topping & About to Plunge?

stock-market-tsunami

Many signs point to a plunge for the Dow Jones Industrial Average and major indexes rather than a continued climb. If history is ever a good indicator of forthcoming events, it is absolutely imperative that we pay attentions to these signs, and prepare for the worst. Here are a few reasons why the Major U.S stock indexes could see declines in the coming months.

2. Stock Market Crash Coming, Then More QE & Then Commodity Price Spikes

stockcrashimages-1

Unknowingly, with QE Infinity, Bernanke has put in motion a runaway move in the stock market that will end in some kind of crash this summer. The crash will cause Bernanke to double down on QE which will trigger a spike in commodity prices. Let me explain my rationale.

3. Don’t Get Greedy! The Greedometer Gauge Has a 100% Track Record – Here’s Its Most Recent S&P 500 Forecast

investing hold buy sell

In the 7 years that the Greedometer has been used there have been zero missed calls, and zero false alarms.  The 7th warning began in January and in late February,the Greedometer gauge reached an epic 7900rpm which is marginally higher than the 7700rpm maximum reading seen 3 months prior to the S&P500 peak in October 2007. [This article outlines the development and successes of the Greedometer and the new Mini Greedometer and what they are predicting for the stock market in 2013.] Words: 1420

4. It’s Time to Apply the “Greater Fool Theory” and Sell Your Winners to All Those Fools

investing hold buy sell

The Dow has surpassed its all-time record high – set in October 2007 – and the S&P 500 is not far behind? Is this the early stage of another great bull market? Let’s look back at the two previous times when the S&P 500 set new all-time highs and see if we can learn something. Wait…first put your “this time it’s different” glasses on. OK, let’s go. Words: 430; Charts: 1

5. Don’t Ignore This Fact: “Greedometer Gauge” Signals S&P 500 Drop to the 500s by July-August, 2013!

stock-market-tsunami

The S&P500 is likely to achieve a secular (long term) peak this month, then drop to the 500s by July-August 2013. This article explains why. Words: 180

6. This Metric Strongly Suggests a Major Correction in the S&P 500 Could Be Coming

stockcrashimages-1

History shows that when investors experience a rapid decline in the amount of available cash in their brokerage account to spend/invest quickly such “negative net worth” leads to major corrections in the stock market. Currently such is the case so can we expect another such decline or will it be different this time?

7. Dr. Nu Yu: Formation of S&P 500′s “Three Peaks & a Domed House” Pattern On Course

economic_growth

The S&P 500 is on its way to building a “Domed House” and to challenge multi-year highs, or even all-time highs, in the process. Based on the forecast of my proprietary Long Wave Index, the broad market should be in a short-term bullish time-window until March 21st/13 by which time the “roof” phase of the formation should be complete with the S&P 500 having reached a projected peak of 1570. Words: 634; Charts: 4

8.  I’m “making the call” for a market correction of 50% – or more!!

stockcrashimages-1

I don’t relish the job of constantly pointing out the risks to the equity markets but since few on Wall Street seem willing (or able) to do this, I’m “making the call” for a market correction, as enough variables have aligned to indicate a high likelihood of stocks heading downwards from here. Words: 1203; Charts: 6

9. Watch Out For Falling Stocks! Here’s Why

stockcrashimages-1

The stock markets make no sense. They have literally lost touch with reality. Divergences between fundamentals, confidence and the valuation of markets are large [and, as such,] cannot last for long….The only  question is how…and how quickly….this correction occurs. Words: 261

10. You Need to Stay in the Stock Market Despite an Impending Economic Collapse – Here’s Why

investing hold buy sell

You need to stay in markets despite an impending economic collapse. [Really?! Yes, really.] Normally such an expectation would be addressed by getting out of the way of the oncoming disaster and taking ones chips off the table [but,] in this situation, there is no place to hide. Low-risk assets, like bonds and near-cash, produce little to no return…and the threat of rising interest rates and inflation make them dangerous.  Higher risk assets are unavoidable, given current conditions. [Let me explain further.] Words: 830

11. You Can Insure Your Portfolio From Potential Capital Loss – Here’s How

investing

Most everything you’ve heard about investing from the mainstream media, your mutual fund advisor and your tax accountant is a lie. You’ve been told…that the entire point of portfolio diversification is to mitigate downside risk yet when the market experiences the inevitable decline, every sector pushes significantly lower – and your “diversified” portfolio suffers as a result, [right? Well, there IS a better way.] Hear me out. Words: 895

12. The U.S. Stock Market Is Overvalued By More Than 50%! Here’s Why

stockcrashimages-1

Key stock indices are becoming significantly overpriced. The value of the U.S. stock market stands at about 133% of GDP. The average for the past 60 years has been around 82%. By this measure, the U.S. stock market is overvalued by more than 50%! Words: 398

13. Stop! Don’t Forget Market Risk – Remember What Happened in 2000 & 2007/8.

stockcrashimages-1

Investors are more bullish now than at any time since 2002 but the current rally has not been fueled by improved prospects of actual growth and wealth creation. Instead, it’s mostly due to:

  1. investors desperate for income denied them elsewhere by central bank policies;
  2. printed stimulus cash seeking a home and
  3. sheer technical momentum

but nowhere do they seem to be considering market risk – the risk that your investment will lose value because it gets dragged down in a falling market. Words: 615

14. Insider Trading Suggests That a Market Crash Is Coming

stockcrashimages-1

What you are about to read below is startling. •Every time that the market has fallen in recent years, insiders have been able to get out ahead of time… •[What] is so alarming [this time round is] that corporate insiders are selling nine times as many shares as they are buying right now. •In addition, some extraordinarily large bets have just been made that will only pay off if the financial markets in the U.S. crash by the end of April. •So what does all of this mean? [Could it be that they] have insider knowledge that a market crash is coming? Evaluate the evidence below and decide for yourself. Words: 570

15. This False Stock Market Bubble Will Burst, Major Banks Will Fail & the Financial System Will Implode! Here’s Why

economic-train-wreck

At some point we are going to see another wave of panic hit the financial markets like we saw back in 2008.  The false stock market bubble will burst, major banks will fail and the financial system will implode.  It could unfold something like this: Words: 660

16. Ignore Wall Street Cheerleaders: Market Technicals, Fundamentals & Other Info Says Otherwise!

investing2

[In spite of what] the typical Wall Street cheerleaders, I mean strategists, are predicting, we see the equity market ever more closer to its cyclical top, miners about to retest a major bottom and hard assets with a new catalyst. [This article analyzes 9 pieces of information, complete with charts, that show what is actually going on in the marketplace at this point in time and what the short-term future holds.] Words: 930; Charts: 8

17. 5 Sound Reasons Investors Would Be Better Off On the Sidelines Than In the Market

Investing financial markets

New year festivities have continued on the stock market even as the Christmas trees have been put away. The “death of the fiscal cliff,” not horrible job numbers and supportive comments from Mario Draghi on the other side of the pond have led to bold and bullish behaviors over the last three weeks. While no one can predict the exact peak, here are five reasons you’re better off on the sidelines than in the market.

18. These Charts Suggest a Possible +/-60% Decline in the S&P 500 by 2014

Investing financial markets

J.P. Morgan Asset Management has developed a chart showing the past two cycles in the S&P 500 highlighting peak and trough valuations. At face value it is very alarming as it suggests a potential decline of somewhere in the vicinity of 60% over the next year or two and concurs with previous innovative trend analyses included in this article. Charts: 4

investing3

Based on the latest S&P 500 monthly data, [my analyses indicate that] the  market is overvalued somewhere in the range of 33% to 51%,  depending on which of 4  indicators I used. This is an increase over the previous month’s 31% to 48% range. [Let me explain the details.] Words: 475

20. Goldman Sachs’ Leading Indicators Signal Steep Market Crash Ahead

Capture(74)

Goldman Sachs reports their Global Economic Indicators (GLI) show the world has re-entered a contraction and…is predicting a market crash worse than that of the early 90′s recession and one slightly less than the sell-off at the turn of the millennium. [Below are graphs to support their contentions.] Words: 250

21. Will a Black Swan Event Cause the S&P 500 to Drop by 40%?

Mark Spitznagel…warned the other day that the S&P 500 could lose 40% of its value in the next couple of years. So what black swan event could cause the S&P 500 to drop down to 760? [Let’s take a closer look.] Words: 856

22. Fed Financial Stress Indexes All Agree That….

economy7

Three indexes of the Federal Reserve…calculate and report statistical measures of financial stress in the U.S. economy on a regular basis…[and] all three have returned to their pre-recession levels last seen in May 2007. [What does that mean for stock market valuations? Let’s take a look.]

23. Latest Economic Indicators & Commodity and S&P 500 Trends (April 2013)

investing

Changes in economic indicators, copper and other commodity prices and stock market trends are covered in this month’s market intelligence infographic.

24. Stocks Are NOT In Another Bubble – Here’s Why

bubbles

U.S. stocks are off to one of their best starts in years. Most indices are up 10% year to date, prompting many investors to ask: “Are we in another bubble?” The answer is no, at least when it comes to equities. Here are three reasons why:

25. Research Says Stock Market Bull Should Continue Its Run Until…

investing2

The mainstream financial press would like us to believe that because the S&P 500 and Dow 30 are at or near their record highs that it must mean we’re nearing the end of the current bull market and, as such, now must be a terrible time to buy stocks. Let’s not  jump to any conclusions, though. Instead, let’s do our own due diligence to find out. Hint:  If you’ve been stuffing cash under the mattress since the last market crash,  you might want to finally go deposit it in your brokerage account. Here’s why… Words: 420

26. These 4 Indicators Say “No Stock Market Correction Coming – Yet”

Investing financial markets

While I remain cautious on stocks and the risk trade, the technical picture shows that the uptrend to be intact and the bulls should still be given the benefit of the doubt for now. At this point, any call for a correction is at best conjecture [as evidenced by the following 4 indicators]. Words: 399; Charts: 4

27. Can Photos of 35 Swimsuit Models Be Wrong? Lastest “Swimsuit Issue Indicator” Suggests An UP Year for S&P 500!

swimsuit 2013

The Swimsuit Issue Indicator says that U.S. equity markets perform better in years when an American appears on the cover of Sports Illustrated’s annual issue as opposed to years when a non-American appears on the cover. [What is the nationality of this year’s cover model? Can we expect returns above the norm or will we see a year of underperformance for the S&P 500 this year? Read on.] Words: 323 ; Table: 1

28. Bull Market in Stocks Isn’t About to End Anytime Soon! Here’s Why

Investing financial markets

As we all know, money printing always leads to inflation. It’s just a matter of figuring out which assets get inflated. This time around gold is not the only beneficiary, stocks are, too, and I’m convinced that the chart below holds the key to the end of the bull market. Words: 475; Charts: 1

29. QE Could Drive S&P 500 UP 25% in 2013 & UP Another 28% in 2014 – Here’s Why

investing2

Ever since the Dow broke the 14,000 mark and the S&P broke the 1,500 mark, even in the face of a shrinking GDP print, a lot of investors and commentators have been anxious. Some are proclaiming a rocket ride to the moon as bond money now rotates into stocks….[while] others are ringing the warning bell that this may be the beginning of the end, and a correction is likely coming. I find it a bit surprising, however, that no one is talking of the single largest driver for stocks in the past 4 years – massive monetary base expansion by the Fed. (This article does just that and concludes that the S&P 500 could well see a year end number of 1872 (+25%) and, realistically, another 28% increase in 2014 to 2387 which would represent a 60% increase from today’s level.) Words: 600; Charts: 3

30. 5 Reasons To Be Positive On Equities

investing2

For the month of January, U.S. stocks experienced the best month in more than two decades [and the Dow hit 14,009 on Feb. 1st for the first time since 2007]. Per the Stock Traders’ Almanac market indicator, the “January Barometer,” the performance of the S&P 500 Index in the first month of the year dictates where stock prices will head for the year. Let’s hope so…. [This article identifies f more solid reasons why equities should do well in 2013.] Words: 453

31. Start Investing In Equities – Your Future Self May Thank You. Here’s Why

investing2

As Winston Churchill once said: “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty” and in that vain I challenge all readers to fight off the negativity, see long-term opportunity in global equity markets and, most importantly, remain invested. Your future self may thank you. Words: 732; Charts: 6

32. Investors, Get Fully Invested! S&P 500 On Verge of Entering Euphoria Stage of Cyclical Bull Market

investing3

[In spite of all that is seemingly wrong with the U.S. economy] I think we are on the verge of entering the euphoria stage of this cyclical bull market where traders become convinced that QE3 is a magic elexir with no unintended consequesnces. [As such,] I see a strong acceleration and a significant and sustained breakout above the S&P 500 September high of 1475. (Words: 264 + 3 charts)

33. Sorry Bears – The Facts Show That the U.S. Recovery Is Legit – Here’s Why

Recovery-Recession

Today, I’m dishing on the unbelievable rebound in residential real estate, pesky  rumors about the dollar’s demise and a resurgent U.S. stock market. So let’s  get to it.

3 comments

  1. The phrase “Look out below” comes to mind, as ever more wonder about the future since our Leaders seem to be looking out for themselves and their Ultra Wealthy donor more than US.
    :-0

  2. Although I have seen this list over the course of the past few days, there two important items to add to the list.

    Employment in the U.S. The lack thereof and the poor quality of jobs obtained, not to mention the plunging participation rate. This is a CRASH of meaningful fundamental proportions.

    The CRASH in the Velocity of Money is another. M2V is at a 55-yr low and pointing straight down. Here is the ‘crash-chart’ of that phenomena from the Fed’s own data. Read it and weep:

    http://research.stlouisfed.org/fred2/series/M2V/