And it’s one ugly dude.
Instead of a global recovery, a sudden, broad slowdown – with a plunge in China.
It was a leading indicator of investor exasperation when it started to crash in December 1999. Now, with today’s plunge, it’s down 33% from its February high.
It all boils down to consumers in an economy that is so dependent on them.
The US, now likely the world’s largest producer of petroleum liquids, mucks up the oil market.
Why the heck did Daimler just now turn its supposedly strategic investment, and one of the hottest stocks, into cash? What does it know that we don’t?
The threat hangs over the EU. Eurocrats claim no one would be without natural gas. But a leaked report from the German government explains what fiasco it would be.
An epidemic of store closings, restructurings, bankruptcies… as the American consumer runs out of options.
Despite Russia’s still high foreign exchange reserves and still strong balance sheet.
The designated losers of monetary policy. There are a lot of them.