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Signs of Economic Crisis?

First in a series on Economic Depression by Ronald Logan, PROUT Institute Executive Director

In my in-box yesterday was a forwarded article from The Common Sense Show newsletter reporting that the BDI (“Baltic Dry Index” — an index of the cost of shipping commodities by sea) had just dropped 3.1 percent to a record low, and concluding that, “To anyone who knows anything about economics, it is clear that this financial era is coming to an end.”

This came two days after another forwarded article, this one in the English paper, The Telegraph, titled “RBS Cries ‘Sell Everything’ as Deflationary Crisis Nears.” The substance of the article: The bank “RBS

[Royal Bank of Scotland] has advised clients to brace for a ‘cataclysmic year’ and a global deflationary crisis,” and that “Markets are flashing stress alerts akin to the turbulent months before the Lehman crisis in 2008.”
(more…)

By | 2016-12-25T01:44:36+0000 January 22nd, 2016|News, Ronald Logan|1 Comment