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GLOBAL DEPRESSION COMING - .......

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GLOBAL DEPRESSION COMING - ....... Empty GLOBAL DEPRESSION COMING - .......

Post by Harry Sat Oct 10, 2015 2:35 pm

Global Depression Coming – Even “Powerhouse” Germany and UK Slow “Dramatically”

Posted on October 9, 2015 by Mark O'Byrne

- IMF warn of “fresh financial crisis”
- German exports fall 5.2%, largest slump since recession of 2009
- German imports also fall 3.1%
- Many sectors across German economy see unexpected declines in factory orders and industrial production
- UK Chief Financial Officers (CFOs) report sharp rise in uncertainty
- UK PMI has fallen to lowest level since April 2013
- Hope for the best but be prepared for less benign scenarios

image: http://www.maxkeiser.com/wp-content/uploads/2015/10/world-map-debt.png
GoldCore: IMF Global National Debt Map

IMF 2015 Global National Debt Map – IMF

The IMF have been growing more vocal in recent weeks about the possibility of another financial crisis and severe recession. The head of financial stability at the IMF, José Viñals has said that this outlook “does not rely on extreme assumptions at all”.

IMF head, Christine Lagarde has said that the slow down now being seen in China and other large emerging markets will cut economic growth globally back to levels last seen during the crisis of 2009.

Viñals added “If we don’t get it right we could set the clock back in terms of growth.” In its financial stability report the IMF said:

“Shocks may originate in advanced or emerging markets and, combined with unaddressed system vulnerabilities, could lead to a global asset market disruption and a sudden drying up of market liquidity in many asset classes.”

Read more on the GoldCore.com blog

IMPORTANT NEWS

Gold rises on dovish Fed minutes, set for weekly gain – Reuters
Gold Prices Rise In Asia On Dovish Fed Tone – WSJ
Gold ticks up but uncertainty over U.S. rate hike timing lingers – Reuters
Gold settles lower, then tops $1,150 after FOMC minutes – MarketWatch
Pimco calls worst of commodity crunch over with oil seen gaining – The Economic Times

IMPORTANT ANALYSIS

Bruised Germany Is Canary in Coal Mine for Europe’s Troubles – Bloomberg [Video]
Glencore’s $100 Billion ‘Gorilla’ Means Bad News for Banks – Bloomberg
Peter Boehringer: Bundesbank still has failed to deliver a gold bar list – GoldSeek.com
Global Financial Meltdown Coming? Clear Signs That The Great Derivatives Crisis Has Now Begun – Smarter Analyst
IMF warns emerging market companies have overborrowed $3 trillion – Reuters

Read more News & Commentary on the GoldCore.com blog

Read more at http://www.maxkeiser.com/2015/10/global-depression-coming-even-powerhouse-germany-and-uk-slow-dramatically/#ZViPh50YKBUayVEe.99

Harry
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