DARK CLOUDS Are Moving Rapidly Over The WORLD Economy
- ALMOST everywhere you LOOK, the OUTLOOK is PRETTY DEPRESSING both FINANCIALLY and ECONOMICALLY
- China, BIGGEST crude oil IMPORTER:
* DISASTROUS real estate LENDING & DEBT could TORPEDO entire FINANCIAL FRAMEWORK in China
- Europe:
* BOTH UK and Germany are in RECESSION and Russian SANCTIONS have SEVERELY DAMAGED the industrial MANUFACTURING BASE and DE-INDUSTRIALIZATION is GAINING MOMENTUM
- US, 25% of nominal GDP {strong USD} and 15% PPP (purchasing power parity) of world GDP
- Senile Joe SELF-DESTRUCTIVE POLICIES and Federal Reserve INTEREST RATE WARS have DECIMATED US DISPOSABLE INCOME and MASSIVELY OPPRESSED the SHRINKING middle class
- the INCOMING recession is going to be MUCH WORST and DEEP than the one in 2007-2009
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