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11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis

Tyler Durden's picture




 

Submitted by Michael Snyder via The Economic Collapse blog,

Well, the Nasdaq finally did it.  It has climbed all the way back to where it was at the peak of the dotcom bubble.  Back in March 2000, the Nasdaq set an all-time record high of 5,048.62.  On Thursday, after all these years, that all-time record was finally eclipsed.  The Nasdaq closed at 5056.06, and Wall Street greatly rejoiced.  So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later.  Unfortunately, the truth is that stocks have not been soaring because the U.S. economy is fundamentally strong.  Just like the last two times, what we are witnessing is an irrational financial bubble.  Sometimes these irrational bubbles can last for a surprisingly long time, but in the end they always burst.  And even now there are signs of economic trouble bubbling to the surface all around us. 

The following are 11 signs that we are entering the next phase of the global economic crisis…

#1 It is being projected that half of all fracking companies in the United States will be “dead or sold” by the end of this year.

#2 The rig count just continues to fall as the U.S. oil industry implodes.  Incredibly, the number of rigs in operation in the United States has fallen for 19 weeks in a row.

#3 McDonald’s has announced that it will be closing 700 “poor performing” restaurants in 2015.  Why would McDonald’s be doing this if the economy was actually getting better?

#4 As I wrote about the other day, we could be right on the verge of a Greek debt default.  In fact, we learned on Thursday that the Greek government has been “running on empty” for months…

Greece warned it will go bankrupt next week after failing to stump up enough cash to pay millions of public sector workers and its international debts.

 

Deputy finance minister Dimitras Mardas set alarm bells ringing yesterday when he declared the country had been ‘running on empty’ since February.

 

With a debt repayment deadline looming on May 1, Greece faces the deeply damaging prospect of having to snub its own employees to make a €200m payment to the International Monetary Fund.

#5 Coal accounts for approximately 40 percent of all electrical generation on the entire planet.  When the price of coal starts to drop, that is a sign that economic activity is slowing down.  Just prior to the last financial crisis in 2008, the price of coal shot up dramatically and then crashed really hard.  Well, guess what?  The price of coal has been crashing again, and it is already lower than it was at any point during the last recession.

#6 The price of iron ore has been crashing as well.  It is down 35 percent in the last nine months, and David Stockman believes that this is because of a major deflationary crisis that is brewing in China…

There is no better measure of the true contraction underway in China than the price of iron ore. The Wall Street stock peddlers will tell you not to be troubled by the 70% plunge from the 2012 highs and the 35% drop just in the last nine months. According to them, its all the fault of the big global miners who went overboard opening up massive new iron ore pits and mining infrastructure.

#7 At this point, China accounts for more total global trade than anyone else in the world.  That is why it is so alarming that Chinese imports and exports are both absolutely collapsing

China’s monthly trade data shows exports fell in March from a year ago by 14.6% in yuan terms, compared to expectations for a rise of more than 8%.

 

Imports meanwhile fell 12.3% in yuan terms compared to forecasts for a fall of more than 11%.

#8 The number of publicly traded companies in the United States that filed for bankruptcy during the first quarter of 2015 was more than double the number that filed for bankruptcy during the first quarter of 2014.

#9 New home sales in the United States just declined at their fastest pace in almost two years.

#10 U.S. manufacturing data has been shockingly weak lately…

On the heels of weak PMIs from Europe and Asia, Markit’s US Manufacturing PMI plunged to 54.2 in April (from 55.7). Against expectations of a rise to 55.6, this is the biggest miss on record. Of course, this is ‘post-weather’ so talking-heads will need to find another excuse as New Orders declined for the first time since Nov 2014.

#11 When priced according to “the average blue-collar hourly wage“, U.S. stocks are the most expensive that they have ever been in history right now.  To say that this financial bubble is overdue to burst is a massive understatement.

For a long time, I have been pointing to 2015 as a major “turning point” for the global financial system, and I still feel that way.

But for the first four months of this year, things have been surprisingly quiet – at least on the surface.

So what is going on?

Well, I believe that what we are experiencing right now is the proverbial “calm before the storm”.  There is all sorts of turmoil brewing just beneath the surface, but for the moment things seem like they are running along just fine to most people.  Unfortunately, this period of quiet is not going to last much longer.

And those that are “in the know” are already moving their money in anticipation of what is coming.  For example, consider the words of  Snapchat founder and CEO Evan Spiegel

Fed has created abnormal market conditions by printing money and keeping interest rates low. Investors are looking for growth anywhere they can find it and tech companies are good targets – at these values, however, all tech stocks are expensive – even looking at 5+ years of revenue growth down the road. This means that most value-driven investors have left the market and the remaining 5-10%+ increase in market value will be driven by momentum investors. At some point there won’t be any momentum investors left buying at higher prices, and the market begins to tumble. May be 10-20% correction or something more significant, especially in tech stocks.

It may not happen next week, or even next month, but big financial trouble is coming.

And when it finally arrives, it is going to shock the world, even though anyone with any sense can see the coming crisis approaching from a mile away.

 

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Fri, 04/24/2015 - 19:52 | 6028219 falconflight
falconflight's picture

..."when the end finally comes...."  Gee Tyler, isn't that something like your blogsite motto?

Fri, 04/24/2015 - 19:56 | 6028232 TeamDepends
TeamDepends's picture

12) Our favorite burrito went from $7.02 a few weeks ago to $8.10 the other day.

Fri, 04/24/2015 - 19:57 | 6028234 Buckaroo Banzai
Buckaroo Banzai's picture

13) Proliferating doomsday listicles!

Fri, 04/24/2015 - 20:03 | 6028248 Pure Evil
Pure Evil's picture

Just more Doom and Gloom Porn.

What's to worry.

BarryO still has a year and half to turn this bitch around.

Nevery mind the iceberg, full steam ahead to eight years of Hillarity.

Fri, 04/24/2015 - 21:45 | 6028429 ILLILLILLI
ILLILLILLI's picture

Can she deliver the Woar...??

Sat, 04/25/2015 - 08:14 | 6028972 DavidC
DavidC's picture

Moar Waor?

DavidC

Fri, 04/24/2015 - 23:20 | 6028642 The central planners
The central planners's picture

The most expensive burrito since leeman.

Fri, 04/24/2015 - 22:44 | 6028556 capital one
capital one's picture

I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com

Sat, 04/25/2015 - 12:10 | 6029302 Peter Pan
Peter Pan's picture

All three of you should f.... off. Even your maths does not stack up.

Fri, 04/24/2015 - 19:53 | 6028223 FreeShitter
FreeShitter's picture

Welcome my son, welcome to the machine......
Where have you been?
It's alright we know where you've been

Fri, 04/24/2015 - 20:08 | 6028254 Jack Burton
Jack Burton's picture

"Listen Son, said the man with the gun"

There's room for you inside"

Fri, 04/24/2015 - 20:35 | 6028301 Ima anal sphincter
Ima anal sphincter's picture

I'm personally looking forward to:

Bleating and babbling we fell on his neck with a scream.
Wave upon wave of demented avengers
March cheerfully out of obscurity into the dream.

If the sheep actually "do" wake up??????

Sat, 04/25/2015 - 09:12 | 6029053 Ward cleaver
Ward cleaver's picture

You love to ride in a Jaguar

Fri, 04/24/2015 - 19:54 | 6028226 Pancho de Villa
Pancho de Villa's picture

Estan Chingado!

Fri, 04/24/2015 - 19:59 | 6028240 Buckaroo Banzai
Buckaroo Banzai's picture

y sus madres tambien!

Fri, 04/24/2015 - 20:53 | 6028338 A Lunatic
A Lunatic's picture

Dios mios, Chupacabras......

Fri, 04/24/2015 - 21:47 | 6028435 ILLILLILLI
ILLILLILLI's picture

"Eladio Buente...!"

Sat, 04/25/2015 - 02:46 | 6028806 AchtungAffen
AchtungAffen's picture

Tibu gui nah boloo...

Fri, 04/24/2015 - 20:00 | 6028242 kchrisc
kchrisc's picture

Zion will reboot their part on a fiat basket-currency, SDR, while discarding much of their used up DC US war dog, and taking up HQ in Europe.

America and Americans will be left to contend with poverty, misery, invading foreign powers, civil war against the DC US and each other.

Are you ready? Got PMs, and BMs (bang-metals)?

Liberty is a demand. Tyranny is submission.

 

Keep our forests, use guillotines.

Fri, 04/24/2015 - 20:10 | 6028257 Kirk2NCC1701
Kirk2NCC1701's picture

Don't forget to stock up on TP, Toiletries and SOL (Stuff of Life) now.

I'd also work on building/joining a local group of Resiliency types, where skills, services, parts and supplies can be bartered.

Sat, 04/25/2015 - 01:41 | 6028766 tarabel
tarabel's picture

 

 

They should probably start by developing a useful skill of their own first.

Dude with an AR and a coat pocket full of bullets-- that job's been filled a hundred times over.

Fri, 04/24/2015 - 20:12 | 6028261 I need more asshats
I need more asshats's picture

The USSA needs to expand GDP.

You will obey.

Ebony/ivory/mexicanery.

Buy now, pay later. NOW!

Fri, 04/24/2015 - 22:05 | 6028485 kchrisc
kchrisc's picture

"Ebony/ivory/mexicanery."

Hate 'em or love 'em, they are part of the elites', and Zion's, pychOps of "division."

If you don't like them, you should not associate or deal with them. However, if you see them as the enemy, and waste time, energy and/or resources battling them, then you have fallen for the "division" ruse, and Zion wins.

To know thine enemy, one must first know who is their enemy.

Liberty is a demand. Tyranny is submission.

Sat, 04/25/2015 - 11:30 | 6029234 Shad_ow
Shad_ow's picture

The better question may be "how do they see you?"  Do they know their enemies?

Sat, 04/25/2015 - 19:17 | 6030013 I need more asshats
I need more asshats's picture

They better or their throats be slit in the shad_doe of de--light. That includes you Carl the cocksuck.

Fri, 04/24/2015 - 20:15 | 6028267 813kml
813kml's picture

US military is far from used up and will be the only thing keeping this shitshow together once moneyprinting fails.

And SDR is pie-in-the-sky...

Fri, 04/24/2015 - 20:33 | 6028296 I need more asshats
I need more asshats's picture

"US military is far from used up and will be the only thing keeping this shitshow together once moneyprinting fails."

Precisely why all you hear about is the failure of local law enforcement, "and the DOJ comes to the rescue assisted by the great and powerful Federal Bureau of Douchbags".

Feds to the rescue. They are undermining the trust that people place in their local LE so the feds can take over. Jade Helm.

Fri, 04/24/2015 - 21:51 | 6028444 ILLILLILLI
ILLILLILLI's picture

Not so sure the ZWO is going to be welcome in Eurpoe. They have a long history there...most of it is "not good".

Fri, 04/24/2015 - 22:28 | 6028527 Motasaurus
Motasaurus's picture

Are London and Rome not technically a part of Europe? I don't think Zion ever left.

Fri, 04/24/2015 - 22:56 | 6028593 InvalidID
InvalidID's picture

 

 America (not unlike Russia) has the power to destroy the world several times over.

 It took two World Wars for America to take center stage and lead the pack. Back to back wins.

 It'll take more than WWIII to knock America off the top spot.

 You must know why. Power does not simple shift, you have to take it. If you try to take power from America it's a zero sum game, as in nothing is left for anyone.

Sat, 04/25/2015 - 01:23 | 6028755 tarabel
tarabel's picture

 

 

Neither side has the ability to destroy the world several times over. That is a complete and ludicrous canard that Russian front groups love to toss out for discussion.

It is based on a calculation of the kilotonnage used against the Japanese gauged against the number of casualties suffered.

Like it is possible to gather the modern world into small Asian-urban-density and perfectly circular groups living in paper cities and then exploding very small weapons over each one of them while they stand around gaping at the sky.

And, so far as I know of, there are only a handful of countries that constantly yap about pro-actively nuking people:

1) Russia.

2) China

3) North Korea

4) Iran

Sat, 04/25/2015 - 02:47 | 6028809 AchtungAffen
AchtungAffen's picture

I refer to you mr. Nevil Shute.

Sat, 04/25/2015 - 10:10 | 6029111 InvalidID
InvalidID's picture

 

 I think the problem is people (not you and I, but some people) only see 'destroy the world' as the Earth burning. I suggest (and I think you'd agree) that making the planet unihabitable to humans is pretty much destroying it.

 Russia, US, China... All can do this serveral times over.

Sun, 04/26/2015 - 05:20 | 6030776 dreadnaught
dreadnaught's picture

ROFL  yeah ditzie, im sure you have all the inside dope from the Kremlin et al.....

Sat, 04/25/2015 - 01:15 | 6028750 tarabel
tarabel's picture

 

 

Jew this, Jew that, Jew everything.

For Christ's sake, would you please stop whining about the debbil white man thats keeping you down. You guys all sound like you're a bunch of Black Power advocates from Ferguson.

As soon as Menachem finally forks over that forty acres and a mule he done promised you, you're going to be free at last.

Take some responsibility for yourself and stop jabbering about your charter membership in the Uomi tribe.

If you were a woman, you'd be screeching about the evils of disgusting male paternalism. If you were fresh across the Rio Grande, you'd be castigating the rotten gringo.

But it's never your fault. You've been robbed, cheated, and tricked and somebody needs to pay you back for all your suffering.

Fri, 04/24/2015 - 20:03 | 6028243 q99x2
q99x2's picture

Well when we can we start arresting the banksters? There ain't going to be no stock bubble bursting because its software stupid. And, its connected to an infinite supply of fiat which the banksters use to buy up all the corporations in the world.

Fri, 04/24/2015 - 20:12 | 6028255 benb
benb's picture

...when we can we start arresting the banksters?

Just as soon as the new Attorney General is sworn in on Monday.

Fri, 04/24/2015 - 20:16 | 6028270 Pure Evil
Pure Evil's picture

I thought she was confirmed with the specific directive to eviscerate our 2nd Amendment.

Fri, 04/24/2015 - 20:17 | 6028271 A Lunatic
A Lunatic's picture

Yeah. Bitch gonna dispense some justice and shit........

Fri, 04/24/2015 - 21:58 | 6028473 benb
benb's picture

I'm holding my breath!

Fri, 04/24/2015 - 20:04 | 6028250 Kirk2NCC1701
Kirk2NCC1701's picture

Snyder! I KNEW it!

Fri, 04/24/2015 - 20:16 | 6028269 A Lunatic
A Lunatic's picture

He is pumping up a List bubble..........

Sat, 04/25/2015 - 09:24 | 6029070 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

I bet his refrigerator is covered in lists...

Fri, 04/24/2015 - 20:36 | 6028305 will ling
will ling's picture

how much more of this "crisis" crap can we take? we all know the jig on the charade is coming up. 

what's with the USAF's X-37B? is it  game changer? how does it fit in? what's vlad doin 'bout it?

Fri, 04/24/2015 - 22:44 | 6028525 Caleb Abell
Caleb Abell's picture

The XB-37B a game changer?  What's Vlad doing about it?  Good One!

 

It would be a game changer if only the Russian RS-26 Rubezh and Chinese Wu-14 hypersonic glide vehicles weren't superior.  They can deliver multiple warheads to Washington and every other US city in 45 minutes or less.  Too fast for crappy patriot missiles to stop them.   On a happy note, there won't be any pain ... just a bright flash of light ... and then ... nothing.


Not to worry.  Even though the XB-37B is inferior, it will still achieve it's goal of yielding billions in profit for Boeing.  As such, it will be a success.

Fri, 04/24/2015 - 22:59 | 6028602 InvalidID
InvalidID's picture

 

 I love it when people come on to a public website and act like they know about the advanced weapons in the world.

 

 You fucks think America,Russia, or China have showed you the best they have? If history is any leasson.... Russia has and CHina and America are sitting on the really good shit.

Sat, 04/25/2015 - 00:57 | 6028720 vie
vie's picture

Indeed, pretty sure the US military has the ability to create the drought in CA, bend of the jet stream to create "polar vortexes", not to mention steer hurricanes, generate tsunamis, create earthquakes and precision targeted sink-holes on demand.  In fact, as with most military technology including nuclear weapons, they have done extensive testing of these things on US soil.  

Assuming Russia does the same, they likely have the ability to direct meteors / kinetic space weapons more powerful than nukes to the location of their choice... you know hand-of-god type stuff.  All stuff that is conveniently "silent" weapons that the citizenery of most any country would assume is out of the reach of governments.

It would also seem Russia has some pretty solid offensive/defensive EM weapons that could knock out a grid, or a ship/plane, or an inbound missile, etc.  US probably has the same.  

Did I meantion the ability to create holographic displays in the air, as well as invisibie planes/etc?  (Some say they were testing this technology, including the psychological warefare aspect on 9/11.)

Sun, 04/26/2015 - 04:19 | 6028738 benb
benb's picture

The globalist captured US has technology 100-200 years in advance of anything you have seen or probably ever heard of. Space platforms with nuclear weapons and weapons that can penetrate command bunkers a mile under the surface have been deployed for nearly 40 years. Anti-grav propulsion was being used by NASA during the Apollo program since at least 1971... and that's 45 years ago. The Space Shuttle was mostly a Dog and Pony Show.

The Chinese are merely a Globalist prop. Most of the weapons technology they have was given to them.  All wars are staged by the same inter generational criminal families. If the Chinese were to prevail in a confrontation it would only be because it was planned that way.

Most people will never be allowed to see the real achievements or for that matter the mind blowing discoveries of the early space program... and I mean literally mind blowing discoveries! We will only be given more lies and be subject to more abuse by demented, criminal fuckheads unless people start going after them.

A lot of the Globalist vermin has evacuated the US in the past 6 years building compounds in the Dominican Republic. The Haiti earthquake was generated using scaler weapons as part of securing that relocation operation.

Fri, 04/24/2015 - 23:59 | 6028688 will ling
will ling's picture

feel better.

Sat, 04/25/2015 - 01:02 | 6028737 tarabel
tarabel's picture

 

 

You funny and have an odd conception of space and time.

A Patriot missile is not going to be lined up on the starting line with its opponents. It sits at the goal line and waits for the enemy to come to it.

Plus what's so bad about getting rid of New York, Washington and Los Angeles, to name a few?

We'd have a bad-ass country back and there'd be no stopping us. If Vlad was as smart as you say he is, he'd be carpet bombing the heartland and leaving degenerate city folk to attend the surrender ceremony. 

Sat, 04/25/2015 - 13:12 | 6029426 Gold is money -...
Gold is money - and bullets if your out of lead's picture

Which is faster, you car or that new blender your wife brought home?

 

 

The XB-37B is not comparable to the nukes you listed. Nukes are for blowing up cities. The XB is for putting small shit in outer space; we just don't know what kind of stuff they working with. Personally I think it is a fucking decoy and they are sending the damned thing up empy just to float around. Anyways my point is you can't compare things like that when they have clear purposes that are very different. 

Fri, 04/24/2015 - 20:41 | 6028308 stant
stant's picture

Wish had some rotary wing time, fixed wing far as I got. Oh we'll kinda Like armour these days anyway.

Fri, 04/24/2015 - 20:54 | 6028339 Ms No
Ms No's picture

Doesn't just look like 2008 it feels like it.  I find myself wondering what a zillion Chinese housewives will do if a panic ensues this fall?  Paper gold, paper silver and bitcoin?     

Fri, 04/24/2015 - 21:13 | 6028377 CHC
CHC's picture

Whenever my sphincter starts to itch that's telling me something bad is about to happen.

Fri, 04/24/2015 - 21:24 | 6028394 all in capital
all in capital's picture

who here truly believes that Yellen will raise rates this summer/fall heck sometime this yr? 

 

no one? so it's all a bluff?! - c'mon. 

 

/sarc

Fri, 04/24/2015 - 21:56 | 6028465 ILLILLILLI
ILLILLILLI's picture

Raising rates is like punching the "Full Speed Ahead" button on the Suicide Machine.

Sat, 04/25/2015 - 00:51 | 6028722 JoWazzoo
JoWazzoo's picture

Nope.  The Fed is gonna pull some wizz bang shit out of their ass and the effing stawk market will SURGE when they raise rates.  Mark my words.  What has the market done with ALL bad news lately?  GONE UP!

Every GD bad piece of shit ^H^H^H^H news.  UP.

And they are gonna raise rates in some sooper fucked up way - people will say GREAT EFFING NEWS.  And stawks WILL go UP.  Not down.

Don't try to argue with me.  Just effing think.  Stocks ONLY go UP.  The FED will NOT let markets collapse.

Get the EFF over it.

SARC was not turned ON so it is not being turned off.

Fri, 04/24/2015 - 22:01 | 6028448 DOGGONE
DOGGONE's picture

See here
http://showrealhist.com
Shall we name such history "gravity flipping"?
Or perhaps a blood alcohol content phenomenon?

Fri, 04/24/2015 - 21:56 | 6028466 Chuck Knoblauch
Chuck Knoblauch's picture

It only took 15 years.

This time pension funds are involved.

Very bad.

Fri, 04/24/2015 - 22:17 | 6028514 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

i wish the fucking economy would just blow up already so we can get started rebuilding for the future.

 

every day of this 'new normal' is one dayl onger its going to take to bring America back to greatness- if it's even possible.

 

 

Fri, 04/24/2015 - 22:52 | 6028582 The Darwin Mode
The Darwin Mode's picture

"I wish the fucking economy would just blow up..." --Dipshit

Yes, it sounds exhilarating: martial law and police dominance, tectonic social upheaval, day-to-day struggling for basic resources, plunging personal wealth, rocketing taxes, erosion of essential individual liberties...

If an economic collapse were to help usher in a new global currency paradigm that righted the wrongs of the post-Bretton Woods petrodollar scheme, then maybe i could entertain romantic notions of revolution, too. But does anyone here really think that the globalists' new monetary system won't be an interest-bearing debt-based model just like the ones that came before? It's true that a broken system should be replaced, but shouldn't we all expect the successive system to be of similar contruction and operation?

The banksters have been winning for centuries, and will continue to do so for centuries to come, I'd guess.

Sat, 04/25/2015 - 01:38 | 6028765 tarabel
tarabel's picture

 

 

"When tyranny is abroad, submission is a crime." Reverend Jonathan Mayhew

Oh, that's right, you're going to conform in order to have a comfortable life for yourself and too bad for what comes afterwards.

Fri, 04/24/2015 - 22:29 | 6028531 The Darwin Mode
The Darwin Mode's picture

The author of this article, Michael Snyder, is a full-on bible-banging Jesus-worshiper, and filters his geopolitical slant according to a certainty that Jesus' "return" is imminent.

Fri, 04/24/2015 - 22:45 | 6028558 cpnscarlet
cpnscarlet's picture

You say that like it's a bad thing.

Fri, 04/24/2015 - 22:51 | 6028579 Caleb Abell
Caleb Abell's picture

All  of the bible thumpers think Jesus is coming back.  Apparently, the Romans nailed him to a boomarang.

Sat, 04/25/2015 - 01:35 | 6028764 tarabel
tarabel's picture

 

 

So, if Jesus isn't going to save you and you don't want the Americans to come rescue you, this leaves you with a pretty narrow set of options that revolve around kneeling before your masters and capering in glee at every joke they make at your expense.

Sat, 04/25/2015 - 03:47 | 6028844 Lurk Skywatcher
Lurk Skywatcher's picture

Who has America "rescued" recently?

If Jesus returned today, instead of a carpenter who got nailed to wood, he would be a plumber and America would be waterboarding him.

Sat, 04/25/2015 - 09:22 | 6029066 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

At least we can agree on the state of the economy. 

Fri, 04/24/2015 - 22:46 | 6028561 cpnscarlet
cpnscarlet's picture

Every point on Snyder's list is good for 20 more points on the S&P and $10 lower on gold.

Fri, 04/24/2015 - 22:50 | 6028574 Not_FieldingMellish
Not_FieldingMellish's picture

Yet more ZH doom porn.

Fri, 04/24/2015 - 23:11 | 6028627 Herdee
Herdee's picture

Interview with Kissinger;New World Order(no not wrestling)Where the crisis is heading.

http://www.alt-market.com/articles/2126-false-eastwest-paradigm-hides-th...

Sat, 04/25/2015 - 14:34 | 6029565 Longduckydong
Longduckydong's picture

The last 4 years have been the easiest to make money in almost anyone's life time.

Sun, 04/26/2015 - 10:44 | 6031124 buffed
buffed's picture

#3-  700 McDonalds closing is an incredibly positive sign.  It means people are at least gaining enough intelligence to not put that crap in their body. So perhaps there's hope they'll wise-up on economic issues some time.  Although, when you consider there's still 35,558 McDonalds franchise still operating I guess closing only 700 could be considered a negative:)

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