21 New Numbers That Show That The Global Economy Is Absolutely Imploding

Tyler Durden's picture

Submitted by Michael Snyder via The Economic Collapse blog,

After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment.  But that does not mean that the crisis is over.

On the contrary, all of the hard economic numbers that are coming in from around the world tell us that the global economy is coming apart at the seams.  This is especially true when you look at global trade numbers.  The amount of stuff that is being bought, sold and shipped around the planet is falling precipitously. 

So don’t be fooled if stocks go up one day or down the next.  The truth is that we are in the early chapters of a brand new economic meltdown, and I believe that all of the signs indicate that it will continue to get worse in the months ahead.  The following are 21 new numbers that show that the global economy is absolutely imploding…

#1 Chinese exports fell by 11.2 percent year over year in January.

#2 Chinese imports were even worse in January.  On a year over year basis, they declined a whopping 18.8 percent.

#3 It may be hard to believe, but Chinese imports have now plunged for 15 months in a row.

#4 In India, exports were down 13.6 percent on a year over year basis in January.

#5 In Japan, exports declined 8 percent in December on a year over year basis, while imports plummeted 18 percent.

#6 For the sixth time in six years, Japanese GDP growth has gone negative.

#7 In the United States, exports were down 7 percent on a year over year basis in December.

#8 U.S. factory orders have fallen for 14 months in a row.

#9 The Restaurant Performance Index in the United States has dropped to the lowest level that we have seen since 2008.

#10 This month the Baltic Dry Index fell below 300 for the first time ever.

#11 It is now cheaper to rent a 1,100 foot merchant vessel than it is to rent a Ferrari.

#12 Orders for Class 8 trucks in the United States dropped by 48 percent on a year over year basis in January.

#13 Due to a lack of demand for trucks, Daimler just laid off 1,250 U.S. workers.

#14 Even though Saudi Arabia and Russia have agreed to freeze oil production at current levels, the price of U.S. oil has still fallen below 30 dollars a barrel.

#15 It is being reported that 35 percent of all oil and gas companies around the world are at risk of falling into bankruptcy.

#16 According to CNN, 67 oil and gas companies in the United States filed for bankruptcy during 2015.

#17 The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray & Christmas.

#18 All over America, retail stores are shutting down at a stunning pace.  The following list of store closures comes from one of my previous articles

-Wal-Mart is closing 269 stores, including 154 inside the United States.

-K-Mart is closing down more than two dozen stores over the next several months.

-J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

-Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

-The Gap is in the process of closing 175 stores in North America.

-Aeropostale is in the process of closing 84 stores all across America.

-Finish Line has announced that 150 stores will be shutting down over the next few years.

-Sears has shut down about 600 stores over the past year or so, but sales at the stores that remain open continue to fall precipitously.

#19 The price of gold is enjoying its best quarterly performance in 30 years.

#20 Global stocks have fallen into bear market territory, which means that about one-fifth of all global stock market wealth has already been wiped out.

#21 Unfortunately for global central banks, they have pretty much run out of ammunition.  Since March 2008, central banks have cut interest rates 637 times and they have purchased a staggering 12.3 trillion dollars worth of assets.  There is not much more that they can do, and now the next great crisis is upon us.

Without any outside influences, the global economy and the global financial system will continue to rapidly fall apart.

But if we do have a major “black swan event” take place, that could cause the bottom to fall out at any moment.

In particular, I am deeply concerned about the possibility that World War III could be sparked in the Middle East.  In an article that I published earlier today entitled “Turkey Is Asking The United States To Take Part In A Ground Invasion Of Syria“, I included a quote from Turkish Foreign Minister Mevlut Cavusoglu that reveals just how eager Turkey and Saudi Arabia are for war to begin…

Some countries like us, Saudi Arabia and some other Western European countries have said that a ground operation is necessary,” Turkish Foreign Minister Mevlut Cavusoglu told Reuters in an interview.

 

However, this kind of action could not be left to regional powers alone. “To expect this only from Saudi Arabia, Turkey and Qatar is neither right nor realistic. If such an operation is to take place, it has to be carried out jointly, like the (coalition) air strikes,” he said.

The Turks and the Saudis very much want the United States to take a leading role in any ground invasion of Syria, but the Obama administration is not likely to do that.

So we shall see if the Turks and the Saudis are willing to go ahead without us.  Let us hope that they do not decide to invade Syria, because that could start the biggest war in the Middle East that any of us have ever seen.

Unfortunately, Turkey is already attacking.

Turkey has been shelling Kurdish and Syrian military positions in northern Syria for four days in a row even though the Obama administration has been urging them to stop.

The first month and a half of 2016 has already been quite chaotic, and the stage is set for global events to greatly accelerate during the months ahead.

Sadly, the mainstream media in the United States is largely ignoring the preparations for a ground invasion of Syria, and they keep telling us that the global economy is going to be just fine, so most ordinary Americans are going to be absolutely blindsided by what is about to happen.

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Croesus's picture

@ Michael Snyder...the List King of the Interwebs: 

"Without any outside influences, the global economy and the global financial system will continue to rapidly fall apart."

Yeah, because there's a real chance that there won't be any 'outside influences'...they've been reanimating this corpse for years...do you really expect it to stop? 

tarabel's picture

 

 

We'll know that the collapse is very near when he can only afford to list two or three things, rather than 21.

Mr.Sono's picture

World has 21 problems, but the stock market ain't one.

Soul Glow's picture

I know Snyder's lists suck as much as the nxt guy but damn you people hate market bears!  Get a grip people, the markets are in freefall.  Look at the one year chart for pete's sake.

Croesus's picture

@ Soul Glow:

I don't hate market bears...I am a market bear. I hate these hack writers who make prognostications without following their logic through to its conclusion. 

Witness the "Without outside influences" comment. 

Yeah, because we really have "free markets", don't we...

 

Minions's picture
Minions (not verified) Croesus Feb 17, 2016 11:41 PM

The world relies on a strong US economy. The US economy is in the sh*thouse. So the world is in a major recession. All this because of America's sins. http://wp.me/p4OZ4v-3z

WarPony's picture

Took a four-hour road trip from Louisiana to Texas a couple of days ago and saw more big rigs coming out of Houston than I had for a long time.  Non-stop convoys all the way to Houston.  The economy is stoked around here if you go by big-rig count.  Shiznet was trucking!

Fullthrottle's picture

Thats not what it looks like on DAT Info. 

Durrmockracy's picture
Durrmockracy (not verified) Fullthrottle Feb 18, 2016 3:19 AM

Snyder needs to do a list on how awesome I am.  Probably take him too much time away from his doom porn though....

Arnold's picture

I'd be running I-10 this time of year too.

Keloid's picture

When lying, cheating and stealing replace production and trade, the invisible hand will raise the price of food until there are riots in the streets. Been grocery shopping lately?

Durrmockracy's picture
Durrmockracy (not verified) Keloid Feb 18, 2016 2:48 AM

"lying, cheating, and stealing"

Don't forget that online fraud shit too!  I love that shit.. one time I convinced this old widow on an online dating service that I was really into her (she was like 58 and I was 23).  Got her to wire me like $10,000 over the course of 12 months and didn't get on the plane to meet her lol!

OzFan's picture

Whining bitch

Snyders lists are legendary clarion calls.....show some respect

creeko's picture

What's wrong with his lists, and why does everyone dislike them?  Has he been wrong about the timing of collapse?  Who around here isn't a little guilty of that?  It's been said that what people hate most about others is the same quality they see in themselves.  Something like that.

zaphire999's picture

I got 99 problems, but my dollar ain't one bitzchezzzzzzzzzzzzzzz

NoDecaf's picture

can we get a chart of all these lists?

City_Of_Champyinz's picture

hahahaha now that shit is funny!

SuperRay's picture

huh huh... huh huh ... he said chart...

Sanity Bear's picture

when do we get to the part where we find out who's been naughty and who's been nice

The Saint's picture
The Saint (not verified) Croesus Feb 17, 2016 9:35 PM

With a name like "The Economic Collapse Blog" I wonder if he is biased. LOL

Soul Glow's picture

So?  Give him some respect for not playing in the bankers sandbox at least.

OzFan's picture

X2

Fck me, damned if you do damned if you dont around here....or maybe its just zio troll day.

bbq on whitehouse lawn's picture

You would think ZH could at least get an exlusive of some backwater gov. offical to comment on policy with ZH.
Even some no name from africa or one of the reps from the islands that china took over.
But nothing. Surely from the wasteland of the congo or the amazion backwaters someone could call some tradeable info or at lest get the sense of stupid going on at a workstation in antartical. if you need cash ZH let your readers know im sure we could pool some good will for some bioresearcher to spill a little no good on the going on's at a workstation under Cia or other letter agant.
Let your readers know who to protect and who to cast the shameful glare.

Soul Glow's picture

Please learn how to write and get back to us.

Thanks in advance.

bbq on whitehouse lawn's picture

Bow: yes may master i will go to the well of knowlage and cry tears of gold just for you.
lol. Tell me did your mother ever spank you or did your father. No i see it was your sister, never speak unless you are ready to hear the answers.
Why should i waste good dogma on you? You wouldnt know life if you even lived it. You couldnt answer the most simple of questions that even my can can see.
I dont dislike you i just see you as a mouse trying to understand a door. Why not just go under the mouse says.

CapnJackDaniel's picture

Right, kick ass. Well, don't want to sound like a dick or nothin', but, ah... it says on your chart that you're fucked up. Ah, you talk like a fag, and your shit's all retarded. Amazing how often that happens around here these days.

edotabin's picture

+1 for the Dr. Lexus reference.

creeko's picture

really... what the f--- was that?  I was reading some Uncle Remus tonight, and that was even more intelligible....

 

"Bimeby, one day, atter Brer Fox bin doin' all dat he could fer ter ketch Brer Rabbit, en Brer Rabbit bein doin' all he could fer ter keep 'im fum it, Brer Fox say to hisse'f dat he'd put up a game on Brer Rabbit, en he ain't mo'n got de wuds out'n his mouf tewl Brer Rabbit came a lopin' up de big road, lookin' des ez plump, en ez fat, en ez sassy ez a Moggin hoss in a barley-patch."

 

iggenFlot's picture

I have no idea what you just rambled on about, but I'm gonna pee on your leg because I like ya!

Baby Bladeface's picture
Baby Bladeface (not verified) Croesus Feb 17, 2016 9:46 PM

"

Without any outside influences, the global economy and the global financial system will continue to rapidly fall apart."

Too funny and beyond description! Global economy and outside influences are what? Extraterrestrial?

Will next this Snyder guy spamming links to articles on beforeitsnews.com like net.kook spammer LordSuckFast?

iggenFlot's picture
iggenFlot (not verified) Croesus Feb 17, 2016 10:57 PM

I don't have a lot of money to spend on gold.  In a pinch, can I just paint a few things a nice gold color and commence trading with it? I'm thinking that as long as it's good quality paint, that should suffice.

Squid Viscous's picture

a snyder doom list! time to get balls to the wall long again!

missed the first 110 handles but that's ok

thanks tylers

DirkDiggler11's picture

21 ways Snyder can kiss my ass....

Snyder, Simon Black and Doug Casey should all go to the South Pacific and play Gilligan's Island together for the rest of their lives, NEVER TO BE HEARD FROM AGAIN .....

Edit:
On second thought, let me add Jim Rogers, Marc "Dr Doom" Faber, and Eric Sprott to the list of castaways on the "Island of Misfit Financial Spewing Anuses" as well.

How can all of these guys be so fucking wrong for so long and still get any press ? Make one correct call out of 1,000 your entire career and ride that SOB to your grave? That seems to be how it works. Enough already from these guys Tyler... Even Groundhog Day eventually ended unlike the "advice" from these bastards .....

Soul Glow's picture

So Dirk, what will the Dow Jones be at come June?  Thanks, and in case you are wondering, this is a financial site, not just one for spamming.

DirkDiggler11's picture

The Dow Jones in June will be at whatever level the Fed wants it to be at. When the Fed can print an endless supply of money and support the markets 100 ways to Sunday, they are the market.

Most likely in a vain attempt for the Fed to gain some kind of credibility back the Dow will be 15,200 and the S&P at 1830 in June. The Cartel can't always make the markets go up in a straight line now can they....

In case you were wondering, this is a financial site .... Please do follow the advice Mr Economic Collapse Blog there Soul Glowworm, you'll shortly be joining the ranks of those on EBT....

No shit the system is unsustainable, I will never argue that point, but after 7 years of being off the mark by Synder, Black, Rogers, Sprott, et al, timing is an important element of investing one's financial resources ....

OzFan's picture

Idiot....in 7 years, of all those guys you mentioned, you couldnt find any take home message or peice of advice or knowledge gained, except theyre wrong...mr expert

iggenFlot's picture
iggenFlot (not verified) Soul Glow Feb 17, 2016 10:59 PM

WTF...?   I thought it was just for spamming.  

In any event, I'm a big Marc Faber fan.  Eventually he's going to be proven correct.  He's getting up there in years, though, so I hope he lives to see it.

CHoward's picture

Snyder provided facts.  You on the other hand provided a couple of paragraphs of demented babbling. 

Road Hazard's picture

Don't think Tyler cares what we say. I've been asking ZH to stop giving simon "rent a house in different countries for a month then comment on their problems" black free press for a LONG time and it falls on deaf ears. I can tolerate the rest of the doom and gloomers but sb is just the f*cking worst. Is there a way to ignore his articles when they are posted here?!

Croesus's picture

@ DirkDiggler11: 

Black and Casey are knuckleheads. Well-intended, but their arguments can't really stand up to much scrutiny. 

A bank account in Singapore...yes, because the US Government couldn't draft an updated version of FATCA that coerces other governments into enforcing whatever the US wants, under the threat of withdrawing foreign aid, military support, or other.  

I'm waiting for the day when Simon Black and Doug Casey will be promoting the idea that you store your guns in a Swiss armory, in case the US government tries to confiscate them...because, like your "Gold in a Singaporean vault", "they" can't touch it...

(Neither can you, but that point doesn't exactly sell the newsletters, does it...)

If you're going to put distance between you and your ____, you may as well not have it at all, because your ability to access it will not exist when you need it the most. 

 

 

 

iggenFlot's picture
iggenFlot (not verified) Croesus Feb 17, 2016 11:04 PM

That's an astute point, that it's worthless to have X, Y or Z unless it's in your actual possession.  It's the rai·son d'ê·tre for gold in hand, after all.  Otherwise you might as well have a gold receipt or Federal Reserve notes.

seataka's picture

DirkDiggler11 Asked:  How can all of these guys be so fucking wrong for so long and still get any press ?

It was intended that NO ONE outside of far higher than TOP SECRET clearances would know the extent of the computer power and collected NSA data that was being used to keep the apparancy of prosperity (See US Stock indexes) alive.

No one outside of the core group,  myself included, anticipated that this economic ship of greater fools might have been kept alive as long as it was. All that NSA data was/is being used for economic gain and advantage for the US Military Industrial Pharmaceutical Prison Law-enforcement and Disinformation (media) Complex. < This is how they kept it going so long.

WHO WOULD EVEN IMAGINE THIS?

It is as if they knew something (meteor, methane burp with a spark, simulated alien invasion, etc) was coming, and the American Dream was optimized to provide a damn good run for America and American's at the expense of the rest of this entire world, and starving childen...

This AI machinery, then ingested every country that had some gold that could be stolen. Having run out of easy thefts, and as the size of the circle of prosperity grows smaller, they are gaining precious time consuming their own, consuming the American middle class....this is the collapse in slow motion...

When there is nothing left to devour at a profit they will likely choose global thermonuclear war, that being also the only paper shredder of sufficient size to make evidence of their crimes dissappear.

If they don't kill us all they know damn well we are going to hang them from the lamposts on Pennsylvania Avenue...

 

tgatliff's picture

I am sure this is all just transitory... However, pay no attention to the woman behind the curtain...

bagehot99's picture

Nothing that a helthy dose of negative interest rates and central bank asset purchases won't fix!

April Fool's!

Kefeer's picture

Show me the charts that are based on lies becoming the truth and I'll show you the great unraveling. 

Show me charts of truth and the world will ignore them, for if fundamentals counted, then the lies would have already destroyed the corrupted system 100x over.

 

Generally speaking; people hate the truth, which is why so many are very good at lying and deception.  Never met a person who did not lie and many lie so much and think so little they do not even recognize how much they actually lie or rationalize its justification.  Example; how is speeding or violating (intentionally) any driving laws lying?  Simple, driving is a privilege and when you get your license you agreed to obey the traffic/driving rules.

logicalman's picture

Driving is illegal, but you can pay a fee to the government so they will allow you to break the law.

Hunting is illegal, in many places, but you can pay a fee to the government to allow you to break the law.

It's a long list, but the concept is worth thinking about.

I think you are a bit off, if you think someone has the right to grant you 'privilages'