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« Legend Who Oversees $175 Billion Warns Global Ponzi Scheme Now Showing Signs Of Coming Unraveled | Main | Gold and Silver: The Final Capitulation Commences »
Thursday
Jul232015

US Recession Imminent - World Trade Slumps By Most Since Financial Crisis

As goes the world, so goes America (according to 30 years of historical data), and so when world trade volumes drop over 2% (the biggest drop since 2009) in the last six months to the weakest since June 2014, the "US recession imminent" canary in the coalmine is drawing her last breath...

As Wolf Street's Wolf Richter adds, this isn’t stagnation or sluggish growth. This is the steepest and longest decline in world trade since the Financial Crisis. Unless a miracle happened in June, and miracles are becoming exceedingly scarce in this sector, world trade will have experienced its first back-to-back quarterly contraction since 2009.

Read more...

 

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Reader Comments (2)

Plunge Protection Team means there will never be a serious drop although they may allow a controlled drop . If things look like they will get ugly they will suspend trading ,indefinitely if needs be .

July 24, 2015 | Unregistered Commentersilver bug

At times I think we forget just what enormous powers these people have.

July 24, 2015 | Registered CommenterSilver Prices

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