Mathematically, everyone denied that a mean reversion of interest rates would ever occur and thereby collapse global asset bubble values everywhere by 50% or more. Guess what? Somebody bought that last tulip, and we are now experiencing the reversion with the full brunt of its present value mathematical consequences.
Moreover, many economies are facing debt woes and physical economic and climate change issues causing either water,capital or food shortages. You cannot run economies without food, water and energy; somehow Nobel Prize nor Ivy League economists can never figure this out.
The FED charts tell us the financial market weather is very bad. Wall St is getting very worried and today's world headlines tell the story of a free fall in values in Japan, China, Australia and elsewhere, that mirrors all the great stock, bond and economic meltdowns of past and recent history. Plunging prices for days and weeks on end - because we just run out of bigger fools. The real laws of supply and demand.
If you have that sinking feeling that things are about to get much worse. One thing you need not worry about, you are not alone.
And remember that old adage - when its over, its over!
Hit by Drought and Seawater,Bangkok Tap
Since 2013, single-family home water bills have increased 30 percent. And more increases may be in store, sources say. LADWP is making up lost revenues by refinancing bonds to lower rates and acquiring grant monies, she said.
Greek Banks Prepare Plan To Raid Deposits
U.K. Welfare Spending Increases $43 Billion Under Cameron
Chinese Trading Suspensions Freeze $1.4 Trillion of Shares Amid Rout
Central Banks Across the World Pressured to Fight Against Euro Depreciation
European Central Bank’s Nowotny: If Greece Misses Payment, Funds Will Be Cut Off