Friday, January 22, 2016


Bumpy ride this past week, no?

Global Markets Routed

Global Banker: World Faces ‘Avalanche of Bankruptcies’

42 American oil companies file for bankruptcy

Michael Snyder has been writing quite a bit lately on the economic turmoil roiling worlds markets. Here are some of his posts of the past few days:

2016 Market Meltdown: We Have Never Seen A Year Start Quite Like This…

Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone

The Dow Falls Another 364 Points And We Are Now Down 2200 Points From The Peak Of The Market

20th Largest Bank In The World: 2016 Will Be A ‘Cataclysmic Year’ And ‘Investors Should Be Afraid’

Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill

I linked yesterday to an interview with Snyder about judgment. I really recommend listening.

Michael Snyder: Judgment

Watching Europe, Puerto Rico, South America:

Italian Banks Collapse, Short Sales Banned As Loan Loss Fears Mount

Italy Races To Defuse €200 Billion Bad Loan Time Bomb With "Bad Bank"

Jack Lew: Puerto Rico is in economic collapse, but things could get even worse

Puerto Rico: Shortfall to Increase to $23.9 Billion

Venezuela Hits "Point of No Return" - 2016 Bankruptcy Is "Difficult To Avoid" According To Barclays

Venezuela declares 'economic emergency'

Brazil has fallen into its worst recession since 1930s

Rio de Janeiro Olympics facing deep cuts unseen in decades