Doomsday clock for global market crash strikes one minute to midnight as central banks lose control

The Telegraph ^ | August 16, 2015 | John Ficenec

[Perseverando]

China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations

It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations. Photo: Reuters

When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.

Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.

The FTSE 100 has now erased its gains for the year, but there are signs things could get a whole lot worse.

1 - China slowdown

China was the great saviour of the world economy in 2008. The launching of an unprecedented stimulus package sparked an infrastructure investment boom. The voracious demand for commodities to fuel its construction boom dragged along oil- and resource-rich emerging markets.

The Chinese economy has now hit a brick wall. Economic growth has dipped below 7pc for the first time in a quarter of a century, according to official data. That probably means the real economy is far weaker.

[SkyPilot]

Who are we to be judged? We’re not the chosen people, never were. What we will be judged for is whether we were for the chosen people, or against them.

The latter part of your post is correct. God curses those who bless Israel, and blesses those who bless Israel. Obama cursed them, and God will curse our nation.

However, understand that God does judge nations. And that applies to today.

http://www.desiringgod.org/articles/will-america-be-judged

[867V309]

Enslave, as in literally enslave us. Our very survival and lives will be enslaved to whatever "re-set" economic system the world comes up with.

Wow, do you also believe in peak oil?

[SkyPilot]

Wow, do you also believe in peak oil?

To a degree, however, I think that is going to be the least of humanity's problems in the next few coming years.

[Vermont Lt]

That book was unreadable.

He points out crashes during those timeframes. But he doesn’t track crashes outside of those timeframes.

This “recovery” has been pretty long and fairly weak. It doesn’t take a prophet to see the steam running out of the economy.

[bert]

every explosion has a mushroom cloud

[Perseverando]

Bump.