Dozens Of Global Stock Markets Are Already Crashing: "Not Seen Numbers Like These Since 2008"

Tyler Durden's picture

As's Mac Slavo notes,

The system is beyond the point where it is merely showing stresses and fractures. Things are now falling apart and there may well be no way of putting them back together again.


The media will continue to claim everything is fine, until the day of panic and reckoning when it will suddenly be the ‘next Greece’ or ‘2008 all over again’… but worse.

27 Major Global Stocks Markets That Have Already Crashed By Double Digit Percentages In 2015

(via The Economic Collapse blog's Michael Snider)

Anyone that tries to tell you that a global financial crisis is not happening is not being honest with you.  Right now, there are 27 major global stock markets that have declined by double digit percentages from their peaks earlier this year.  And this is truly a global phenomenon – we have seen stock market crashes in Asia, Europe, South America, Africa and the Middle East.  But because U.S. stocks are only down less than a thousand points from the peak earlier this year, most Americans seem to think that everything is just fine.

The truth, of course, is that everything is not fine.  We are witnessing a pattern similar to what we saw back in 2008.  Back then, Chinese stocks and other major stock markets started crashing first, and then U.S. stocks followed later.

But when you step back and look at what has been happening globally, a much more ominous picture emerges.  I spent much of the afternoon looking at stock market charts for the largest economies all over the globe.  What I discovered was financial carnage that was much worse than I anticipated.

It turns out that there are at least 27 major global stock markets that have fallen by more than 10 percent from peaks that were set earlier this year. As you can see, many of these stock market declines have been quite impressive…

1. China: down more than 30 percent

2. Saudi Arabia: down 26 percent

3. Germany: down about 13 percent

4. United Kingdom: down close to 12 percent

5. Spain: down 15 percent

6. Brazil: down more than 22 percent (13,000 points overall)

7. Malaysia: down 17 percent

8. Turkey: down 16 percent

9. India: down close to 12 percent

10. Chile: down 11 percent

11. Columbia: down about 30 percent

12. Peru: down more than 40 percent

13. Bulgaria: down more than 20 percent

14. Greece: down more than 30 percent

15. Poland: down about 19 percent

16. Malaysia: down 10 percent

17. Egypt: down 32 percent

18. Indonesia: down 18 percent

19. Canada: down 12 percent

20. Ukraine: down 45 percent

21. Morocco: down 13 percent

22. Ghana: down 17 percent

23. Kenya: down 27 percent

24. Australia: down 13 percent

25. Nigeria: down more than 30 percent

26. Taiwan: down 15 percent

27. Thailand: down 20 percent

We have not seen numbers like these since 2008, and trillions of dollars of stock market wealth has been wiped out globally.  So the “nothing is happening” crowd is simply dead wrong.  Stocks are already crashing all over the planet. 

[ZH: In fact 47 of the world's 93 largest stock indices are down over 10% year-to-date...]


In fact 30 nations are down over 20% Year-to-date...


Just because the big U.S. stock market crash has not happened quite yet does not mean that a major global financial crisis is not happening.

But do you know what is crashing here in this country?

Junk bonds.

At this point, yields on the riskiest junk bonds have risen to levels that we have not seen since the last financial crisis.  As I have discussed repeatedly, yields on junk bonds spiked dramatically just before the stock market crash of 2008, and now it is happening again…

Yield On CCC Bonds - Chart from Federal Reserve

This is precisely the kind of behavior that we would expect to see if a major U.S. stock market crash was imminent.  Personally, I watch the junk bond market very, very closely because it is such a key leading indicator.  And according to Jeffrey Snider, it appears that “something” is starting to cause junk bonds to sell off at an alarming pace…

There isn’t much as far as confirmation, but it increasingly appears as if “something” just hit the triple hooks (CCC) in the junk bond bubble. At least as far as one view of it, Bank of America ML’s CCC implied yield, there was a huge selloff that brought the yield to a new cycle high (low in price) above even the 2011 crisis peak.

But just like in 2008, a lot of people will not heed the warnings because they don’t have the patience to watch long-term trends play out.

We live in a society where we expect constant instant gratification.  We have instant coffee, video on demand and 48 hour news cycles.  If something does not happen immediately, most of us quickly lose patience.

For months, I have been warning that conditions were perfect for another major global financial crisis, and since that time events have been unfolding in textbook fashion.

And as you can see from the numbers above, we have already entered a new global financial crisis.  If you tried to tell someone in China, Brazil or Saudi Arabia that a financial crisis was not happening, they would just laugh at you.  We need to start learning that the world doesn’t revolve around the United States.

Of course the U.S. is heading for tremendous difficulties as well.  This is something that I covered yesterday.  All of the fundamental economic numbers are absolutely screaming “recession”, and yet most of the “experts” are still forecasting good things for the coming year.

Those that do not learn from history are doomed to repeat it.  None of the problems that caused the crisis the last time around have been fixed, and most of our “leaders” seem blind to what is happening at this moment even though the exact same patterns that played out in 2008 are playing out once again right in front of our eyes.


If you have been waiting for the next global financial crisis, you can stop, because it is already here.

As we move toward the end of 2015, let us hope for the best, but let us also get prepared for the worst.

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Troy Ounce's picture




And this all because of Climate Change, of course. not

Who was that masked man's picture

Of course not.  It's the weather.

knukles's picture

Hayn't gon-appen here, cuz we're 'ceptional

coinhead's picture
coinhead (not verified) Skiprrrdog Dec 5, 2015 9:59 PM

This global market crash is obviously going to cause a global EMP.  But you will be okay because of your AR-15 and oldcoin.

Ghost of PartysOver's picture

So, where do you think all that crashing capital when end up?   No matter the country, smart folks will find a way legally or not to protect their wealth.

JRobby's picture

But! With modern CB's, Plunge Protection teams, etc. etc. etc. It takes several months instead of 2 days. (the top 10% make more $$$$ that way)

So we got that going for us, which is nice!


Antifaschistische's picture

very smart people are often very wrong.

the correlation between all these countries is that they use the US Dollar as a reserve currency.


The Ballad of The legend Fonestar, deceased,
And His Evil Henchman, Igor Teh COINHEAD

" I like Shitcoin,
It's for real,
And the Fed,
Is never gonna steal.

Mah munnies gud,
Teh blockchain's solid,
I feel Coinhead's wood,
Said a guy named Walid.

Muh diapers r white,
Teh basement is cuhl,
Les Cheetos diet rite,
Playin wit me tool.

I's teh baysment troll,
On teh Zero Hedge,
Till teh day I fool,
Off teh high rise ledge.

Mah crypto is reel,
Saez teh Goldman Sachs
Till teh day I feel,
Teh takes it backs.

Teh net fell down,
In two zreo one six,
I lost muh azz,
When teh crypto kicks.

Now I sells meh azz,
For teh Fed bux needed,
TU buh muh Cheetos
Fo muh face tu feeded.

End uv muh storee
Is buh teh silver
So's u hev teh hedge
When electron's r over. "

Abitdodgie's picture

Everything is awesome just BTFD.

Monetas's picture
Monetas (not verified) Dec 5, 2015 8:13 PM

When Capitalism catches a cold .... Socialism get pneumonia ?

Slimjimmy's picture
Slimjimmy (not verified) Monetas Dec 5, 2015 9:24 PM

The FED will save us!



Otrader's picture

"The FED will save us!" - Llloyd Blankfein

Publicus_Reanimated's picture

"Instead of celebrating capitalism's virtues, we offer it grudging acceptance, contemptuous tolerance but only for its capacity to feed the insatiable maw of socialism. We do not conclude that socialism suffers from a fundamental and profound flaw. We conclude instead that its ends are worthy of any sacrifice — including our freedom."

Janice Rogers Brown "Whiter Shade of Pale" speech:

superdave's picture

Why do only a few people in the US see this trainwreck coming?  Are people that out of touch with reality?  Or are they still in denial?

BeerMe's picture

Doesn't matter.  Christmas shopping is in full swing.

Wow72's picture

Its unreal, They are totally out of touch.  Im not sure whether its a curse or not to be able to see it coming?

Keyser's picture

No, not out of touch with reality or in denial, they are just plain fucking stupid... I stopped having this conversation with people because they cannot grasp the concept... Their life is fine, so the world must be doing ok... Sheeple, all of them... 

CHoward's picture

If they don't read it on their FaceBook page or on Instagram - it's not important enough for them to be bothered.

newdoobie's picture

wrong! I post easy to understand snippets on FB that would lead a child to understanding, but am totally ignored as a crank or conspiracy nut

OpTwoMistic's picture

Soon, "nobody saw this coming"

Agstacker's picture

They are too concerned with finding out what the Kardashian's have named their pet rabbit-

Kprime's picture

the Kardashians have a pet rabbit?  what kind?  can I get one on Amazon?



" Tis but a flesh wound. Come back, and fight me like a man ! "

Who was that masked man's picture

Humpty Dumpty sat on a wall..............

Keyser's picture

Humpty dumpty fell off the wall in 2008

and the central planners have been glueing him back together ever since... 

Who was that masked man's picture

Yeah but they glued his head where his ass should be and his ass where his head should be.

Who was that masked man's picture
Two eggs got married. 

On the wedding night, Mr Egg is lying in bed, when out of the bathroom comes Mrs Egg. She says, "I've just slipped into something a bit more comfortable", she is wearing a see-through bra and panties. 

Upon seeing this, Mr Egg says, "Fuck, I'd better go and slip into something more comfy too." 

When he comes out of the bathroom he is wearing a crash helmet. Mrs Egg says, "Why the are you wearing a stupid crash helmet?" 

And Mr Egg says, "The last time I was this hard, some motherfucker hit me over the head with a fucking spoon." 

jwoop66's picture

NYSE. Up almost 400 points friday!!  


Thanks plunge protection team!!!!!!

noob's picture

No way!

Everything is Awesome Lego Movie song

Demdere's picture

Ho hum, it is finally here.  As we have been telling you was inevitable ever since the last one, and how much worse this was goiing to be.

And nobody is dealing the one after this :

Our Israeli-Neocons ae losing in reality, the world is organizing against them, a victims league, and the people of Europe would love to trend that way.  England and France appear firmly in the US's camp, but maybe not Germany, tho of course Germany-NATO is firmly under US control. Eastern Europe sees what happened to the Ukraine, they have no reason to love the EU or the US. The US has lost the support of the intelligent and rational people of the world precisely because the evidence is so clear about 9/11. We know that makes all of the 'terrorist' stuff propaganda, and were telling everyone all along that Al Qaeda and ISIS and all the other bad guys were creations from the West, from outside.

The Israeli-Neocons need chaos and war to keep their necks out of nooses, their heads out of baskets. We should expect large false flags. Wonder if that component is included in TSA's terror level? It is the only component they would need.

9/11 was a False Flag operation by the Israeli-Neocons in the US Government

laisla's picture

Yawn, dow up 170 on Monday.

Cruel Aid's picture

i wanted to take that bet, but the fuckery is great at the moment

ThrowAwayYourTV's picture

Its all over we all know that. The only ones who dont know it are the retarded.

FreeShitter's picture

BTFD ...that's all there to it.

noob's picture

BTFD stick-in-the-mudz!

The Hokey Pokey

You put your right foot in
You take your right foot out
You put your right foot in
And you shake it all about
You do the hokey pokey
And you turn yourself around
That's what it's all about

You put your left foot in
You take your left foot out
You put your left foot in
And you shake it all about
You do the hokey pokey
And you turn yourself around
That's what it's all about

You put your right hand in
You take your right hand out
You put your right hand in
And you shake it all about
You do the hokey pokey
And you turn yourself around
That's what it's all about

You put your left hand in
You take your left hand out
You put your left hand in
And you shake it all about
You do the hokey pokey
And you turn yourself around
That's what it's all about

You put your whole self in
You take your whole self out
You put your whole self in
And you shake it all about
You do the hokey pokey
And you turn yourself around
That's what it's all about

Atomizer's picture

Obama's climate change gig. 

Dependency theory


Arthur Schopenhauer's picture

Stop worrying. The nigger boy will be gone soon. As soon as we get rid of that nigger boy everything will get back to normal.

McCormick No. 9's picture

So, we're going to trade in the pole-smoking kenyan for the carpet-munching harridan. Should send markets skyrocketing.

hootowl's picture

Killary won't run.......Bad health......Compromise with FBI/Grand Jury to avoid prison.

Barry Soetoro will retire to Hawaii, where he will die of AIDS, but will be reported by the demonic media as radiation poisoning from Fukishima.

joego1's picture

That's racis be pc correct, Hillbillery is a nigger cus nigger means ignorant and Hillbillery is moar ignorant than Oboy.

mijev's picture

Its actually worse than those figures suggest because almost all of those countries' currencies have also fallen 10-25% against the mighty dollar and gold. Even though house prices went up in some of those countries, they actually fell in USD terms.

Herdee's picture

Just bump up interest rates to see what happens.

Phillyguy's picture
Earlier this week, the US stock market dropped, only to rebound Fri, going up > 300 points, apparently based on ECB Chairman Mario Draghi’s comments that the ECB cheap money spigot will continue flowing. Every time there is drop in the US stock market, the FED is ready to supply more cheap money to keep the markets inflated. Recall former Citibank CEO Chuck Prince’s comments in his 2007 FT interview- “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing. (See: Citigroup chief stays bullish on buy-outs Jul 9, 2007;

Bottom line- as long as the FED continues supplying lots of ultracheap money to keep the stock market inflated, they will be plenty of people who will continue to “dance”.