#1 Chinese exports fell by 11.2 Percent year over year in January.
#2 Chinese imports were even worse in January. On a year over year basis, they declined a whopping 18.8 Percent.
#3 It may be hard to believe, but Chinese imports have now plunged for 15 Months In A Row.
#4 In India, exports were down 13.6 Percent on a year over year basis in January.
#5 In Japan, exports declined 8 Percent in December on a year over year basis, while imports plummeted 18 Percent.
#6 For The Sixth Time In Six Years, Japanese GDP growth has gone negative.
#7 In the United States, exports were down 7 Percent on a year over year basis in December.
#9 The Restaurant Performance Index in the United States has dropped to the lowest level that we have seen Since 2008.
#10 This month the Baltic Dry Index fell below 300 For The First Time Ever.
#11 It is now cheaper to rent a 1,100 foot merchant vessel Than It Is To Rent A Ferrari.
#12 Orders for Class 8 trucks in the United States dropped by 48 Percent on a year over year basis in January.
#13 Due to a lack of demand for trucks, Daimler just laid off 1,250 U.S. Workers.
#14 Even though Saudi Arabia and Russia have agreed to freeze oil production at current levels, the price of U.S.
#15 It is being reported that 35 Percent of all oil and gas companies around the world are at risk of falling into bankruptcy.
#16 According to CNN, 67 oil and gas companies in the United States filed for bankruptcy during 2015.
#17 The number of job cuts in the United States skyrocketed 218 Percent
#18 All over America, retail stores are shutting down at a stunning pace. The following list of store closures comes from one of my Previous Articles…
-Wal-Mart is closing 269 Stores, including 154
-K-Mart is closing down More Than Two Dozen Stores over the next several months.
-Macy’s has decided that it needs to shutter 36 Stores and lay off Approximately 2,500 Employees.
-The Gap is in the process of closing 175 Stores in North America.
-Aeropostale is in the process of closing 84 Stores all across America.
-Finish Line has announced that 150 Stores will be shutting down over the next few years.
-Sears has shut down About 600 Stores over the past year or so, but sales at the stores that remain open continue to fall precipitously.
#19 The price of gold is enjoying its best quarterly performance In 30 Years.
#20 Global stocks have fallen into
#21 Unfortunately for global central banks, they have pretty much run out of ammunition. Since March 2008, central banks have cut interest rates 637 Times
Without any outside influences, the global economy and the global financial system will continue to rapidly fall apart.
But if we do have a major “black swan event” take place, that could cause the bottom to fall out at any moment.
- Source, Economic Collapse Blog