Chinese imports have now fallen for 15 months in a row, and the second largest economy on the entire planet appears to be in the process of imploding. China‘s exports fell 11.2% on-year in January, while imports declined 18.8%.
Bigger Than 2008
According to Bert Dohmen, founder of Dohmen Capital Research, it is time for investors to panic because he believes that the majority of stocks will be selling at $5 or less. Unlike 2008, every major economic zone in the world in financial trouble before it hits the fan and that is why it will be much worse when things go south.
Even the Fed
Not only is the Cleveland Fed warning of ‘significant stress’ in the financial markets, now the St. Louis Fed is growing increasingly fearful of recession. The last time that there was ‘significant stress’ in…
View original post 381 more words