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2015 World GDP Expectations Just Collapsed
World GDP Growth Expectations for 2015 just dropped dramatically to their lowest since expectations began to be tracked. From 3.40% in early 2013, the consensus is expectating world economic growth at a mere 2.72% (a 20% decline in growth expectations). Of course, there is one thing that is not going down...
Maybe bonds and crude oil are on to something after all?
h/t @Not_Jim_Cramer
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Sooo.....this is bullish?
Saved those to be pondered a year from now.
BULLISH!
yup, just wait till GDP goes negative, e-minis will freaking explode higher on that print.
Disbelief suspended. Pushing the 'buy stocks' button.......NOW.
<Heh, that was as easy as turning on my TV. Suspending disbelief I mean.>
It would feel horrible to be pushing stocks right now.
"They're only going higher I tells ya!"
so if china is at say 4% and the average is 2.7% - that necessitates a lot of economies in recession
As long as central banks can create $ out of thin air, world stock markets will rise.
Exactly. We have a ways to go before the inevitable drop, but it is coming.
Good point. As long as the Fed can debase the currency - yet not as fast as the BoJ debases the Yen - then stocks will inflate....
Until there is a bubble that takes down the stock market, and by the way, that market is the energy market and the bubble already burst.
You must understand, $50 oil will wreck the banking sector, never mind the oil sector itself. Sure Haliburton won't be drilling, Exxon won't have the revenue, and employees will be laid off, but large banks had large bets that the future price of oil would move higher. On a dime the price dropped. Soon these banks will be margin called and they will go belly up.
This will be Bear Sterns 2.0
2015.75 .. el clollapso es beginso
So...for those with a bunch of cash in a 401k, what to do? Withdraw and take a guaranteed 40% hit, or let it ride?
Take the fucking hit and get it into your own hands unencumbered.
Miss a mortgage payment or two, file for a hardship withdrawal. Save a small fortune.
No mortgage.
The hardship just qualifies you to get the money. It does not save you from taxes and penalties.
I haven't done it. (Yet)...but I thought it avoids the theft of penalty but not theft of tax ??
PS. At least at a minimum it gets YOUR $$$$
It shouldn't have been there in the first place. The "40% hit" was the first clue.
60% of what you have today, on your own terms is better than ending up with less than 50% of what you'll probably be stuck with should you need to sell it tomorrow. If you've got 30 years, you'll have to make your own judgement.
(disclaimer: do not take this to be serious financial advice, past results from unsound global financial structure that lead to 50%+ declines are not indicitive of the nature of how much further in shit we are today. As Steve Sjuggerud says, The biggest gains are made right before the train hits you.")
Open a self directed IRA with checkbook control. Then the 40% hit only comes if you get caught.
It is only a 10% hit as one was always going to eventually pay taxes on the income and gains. Either way I would get it in my hands and convert to hard assets ASAP.
China making $800-900 billion more funds available for loans and will cut rates in the first half of 2015
http://nextbigfuture.com/2014/12/china-making-800-900-billion-more-funds...
Fuck that, buy stawks.
Yes but Obamacare should carry us through at 5%
Hillary will be charged with rebuilding, revamping, and remaking Obamacare and the fake gdp cycle will start all over again. Wait and see.
blah blah blah... have we not figured out how the system works yet? They'll drop again, and again... and again until the actual numbers come out that will EXCEED expectations, no matter how many times they downward revise them. They will leave that part out. Have we not figured this out yet man?
In a deflationary event 100% cash with no debt is the place to be.
Ah, no. You'll want some gold and silver too.
The State of the Yuppie Address 2015 is gloomy.
The affordability of imported black silk shirts has never been worse.
And for the first time in recent memory, SUVs are shrinking
Gambling expenditures are down.
And mortgage demand is anemic.
It is not so much the decreasing consumerist dollar value with which we should measure the State of the Yuppie. But the deflated ego, the disinflating arrogance tells us where things are going
Are there still Yuppies around?
When they die off, there goes a civilization with it.
"Are there still Yuppies around?"
Only in DC.
Well the warmers will be happy when there is no economy to burn dirty fuel...
Dope and Chains
PLease pass the warmers some more Koolaid
Hyperdeflation?
If people learned to do with less, pay cash, waited a little longer before buying, it wouln't matter that much. Somebody could stay at home. look after children, only one vehicle be required. No need for McMansion and associated utility, tax and cleaning costs.
But people think the allmighty credit rating is so important. What good is it except to get a person into debt that much quicker for stuff.
I know people who would love to go out, have a meal at a restaurant, get a job that is not so demanding and so on, but can't afford it because of bills.
It is never to late to change, but people do not like the kind of life I am suggesting, although I live it.
People who have lived through the great depression learned the hard way and the ones who are still alive pay cash, are frugal. A lot of them are or were also content, at least with the financial aspect of living.
But but but I thought greed was good??
+1000 that's me to a T!
-Stay at home Dad, Wife works, both educated, 1300 sqft home, one child, daycare too expensive (Actually double my mortgage payment), no bills other than utilities, make our own baby food, dropped cable and dish in 2007, stack high, pay in cash, no auto payments (we own them and they are maintained really well). They'd have to pay me a shit ton of money to go work. I found out the math does not work when they offer $15/hr when you just shuffle that to a daycare operator. Oh yeah, I can cook really well, I white glove clean and can still satisfy my primal urges when Mom gets home. Being a kept man is a dream come true. Thank you Yelen!
You are one lucky guy. I work my wife stays home and I get the servicing when I come home. Her income potential is the same as mine at six figures, but we wouldn't be able to work our plan of being able to live on less than $2000 cash per year. We are down to about $10000 and continue to stack, buy hard assets and grow our barter community. I am still green with envy of your situation.
Caveman93
Good for you!
Now, I'm sorry to be the one to break it to you. If you are a "stay at home dad," I can guarantee you two things: first, your wife doesn't respect you, and second, she is sucking some guy at work, probably above her on the org. chart. I don't care if she promises that she isn't, believe me she is. Regular fucking is too messy. She is sucking some senior manager.
Sorry bro, it's the way the world works, maybe you know this already, maybe she's honest about it, but I doubt it.
graphs, charts. stats....... just plain ole hokus pokus.
They're still trying to keep the lid on the really bad news until next week, after bonus time. So this counts as the most postive stuff in the pile of dispatches.
The graphs shows you exactly what the feds are doing to the economy : buy UST bonds to crash the Yield and inflate stawks
what a joke FFS
Let's be specific - Have the banks buy US bonds to crash yield and then sell the bonds from the banks to the Fed so the banks can buy stocks.
Nice game lol
Better yet, front run the bastards by buying tbonds first.
But why would Gold not have doubled ???
Because it's on the manipulated paper market giving it no value.
Anything, anything sold on the paper market can be manipulated.
Taking gold home doesn't fix it. You won't be able to go to a shop and demand a higher gold price than the spot markt. PERIOD.
Land,food, etc. Things that YOU can set the price. NOTHING ELSE!
Yellen is all in the stock market like a junky gambler on her last dime.
2014 will be remembered as the year when The Fed achieved mastery over levitation., Or anti-gravity, for you scientism-minded.
Look, we spent like drunken sailors and we're still into positive GDP! Like a credit card that gives money back! Yellen uses Discover
"Charge it!" - Janet "Kardasion" Yellen
As a former drunken sailor, that statement offends me..... I never racked up an debt on my escapades. Not all drunken sailors spend irresponsibly
You can cover a lot more than a 20% decline with FRAUD no problem. BTFD
There's another thing not going down: U.S. GDP growth. Watch out for 6%, 7%, maybe 10% yoy growth.
imagine how low global GDP would be if they removed the drugs and hookers components
nonetheless, this is all bullish
Look, I've been reading the "GDP will collapse" articles for a while now. And, wouldn't you know it, the USA just printed a GDP of 5. Skittles and unicorns abound.
Serentiy now.....insanity later