The Numbers Say That A Major Global Recession Has Already Begun

The Economic Collapse Blog.com Archives ^ | By Michael Snyder, on October 13th, 2015 | Michael Snyder

[fatnotlazy]

Recession hell. It’s a depression.

[laplata]

FYI

[dsrtsage]

News will not mention it, no matter what, until after the election, then it will overnight become the largest depression of all time

[jsanders2001]

> Recession hell. It’s a depression.

It sure the hell feels like it. I have never been so low on funds as the past few years and I attribute it to the devil worshipper in the WH who thinks Christians are the enemy of America. His end cannot come too soon for me.

[budj]

100% government caused.

[jsanders2001]

> News will not mention it, no matter what, until after the election, then it will overnight become the largest depression of all time

but only if a Republican wins the presidential race.

[SaveFerris]

Yep - and been so for 7 years, virtually 8.

After the stock market fell in spring, 2009, the local gas station was selling RU for $1.24.9. It was $2.21.9 when I was there Friday. (cheapest in my area was $2.01.9 last night).

[M Kehoe]

The Numbers Say That A Major Global Recession Has Already Begun

When did the recession of 2008 end? In which "Recovery Summer," did the economy recover?

I'm open to listening to what Joe Biden or 0bama have to say.

Spit.

5.56mm

[SaveFerris]

I’ve had virtually no funds for the past 7 years. If you’re lucky and get a miracle, somebody responds to a resume. What little works I’ve had pays next to nothing including one where I was footing all the expenses.

All for $7 trillion dollars.

[Moonman62]

If you preach doom and gloom every day, eventually you’ll be right.

[mosaicwolf]

Oh no!!!!! How will the Europeans pay for all the migrants?

[SoCal Pubbie]

Your experience sounds just like mine.

[LibertarianLiz]

Recession hell. It’s a depression.

It has been my opinion, for a long time, that we never got out of the last recession. I believe some recent polling shows that I am not alone in that opinion.

[SeekAndFind]

RE: If you preach doom and gloom every day, eventually you’ll be right.

Ahhh, but will you still be here when it happens?

[SaveFerris]

It’s absolutely the most difficult thing I’ve ever had to face for an extended period of time. I have met many who have no sympathy or worse. Well, many of them don’t realize they’ll face it in one form or another.

This kind of trouble divides your friends on either side of the line, very quickly. Life lesson 10,579.

[TexasFreeper2009]

The Obama depression never ended.

The data was just faked to try to make it look like it had.

[servantboy777]

I've followed the Bloomberg economic calender for years. This year, the majority of charts from GDP to durable goods to regional manufacturing indexes have ALL trended downward. The latest GDP numbers have yet to be revised, typically two revisions from announcement trend downward.

From my layman's take watching the research, 2015 has me convinced we are in a recession and getting progressively worse.

[Toddsterpatriot]

As can be seen in Chart 3 on the following page, global GDP expressed in US dollars is already negative to the tune of USD 1,37trn or -3.4%.

Ummmm.....the dollar is up about 10% over the last year, so of course it's no surprise, if you measure global GDP in dollars, global GDP would be down. If the dollar drops 10% next year, will he celebrate that global GDP is up 13% in dollar terms?

That is, we are already in a dollar recession.

Michael Snyder is already in an IQ recession.

[Georgia Girl 2]

So true. Its a Depression and a deflationary Depression. For the next 15 months there is a zero chance that the economy can make any kind of recovery.

If you have not already figured out that Obama’s mission is to destroy the US economy you are not paying attention. We are in for a really rough ride until we hopefully get a GOP (Trump) President sworn in.

Keep your eye on the BDI (Baltic Dry Index) which never lies.