Category: Global Ecomony headed for Recession in 2019

The coming Economic Crash will Dwarf the 2008 Financial Crisis

The coming Economic Crash will Dwarf the 2008 Financial Crisis.

 

Video is courtesy of the Evie Courtlandt YouTube Channel

 

Video is courtesy of the RonPaulLibertyReport YouTube channel

 

Click on this link to visit Gerald Celente’s Trend Research Institute website.

Advertisements

In 2018, China’s Economy grew only 6.6%. That is the lowest growth rate in 28 years.

In Guangzhou, China’ major Export hub and 4th largest city the economy grew 6.5%. The forecast had been for 7.5% growth.

Click on this link to visit the South China Morning Post website to read their article titled: “China set to report slowest economic growth for 28 years“.

Click on this line to visit the China Economic Review website to read their article titled: “Guangzhou misses growth forecast as trade war bites“.

IMHO the slowdown in China’s economy is not related to the supposed Trade War with the USA. I believe that it is related to the wordwide slowdown of the major economies. For example Germany just missed being “officially’ in a Recession.

Video is courtesy of the Fox News TV YouTube Channel

2019 has only just started, but already the signs are showing up that Global Economies are headed towards Recession in 2019.

Global Ecomony headed for Recession in 2019 by John Kemp

The OECD composite leading indicator has a near perfect record of giving advance warning of Recession lurking just around the corner.

 

Please click on this link to view chart of the OECD composite leading indicator https://data.oecd.org/chart/5rwx

 

Since 1970, when the OECD composite leading indicator had dropped below the 99.43 level a Recession followed in 1970, 1974, 1980, 1981, 1990, 2001 and 2008.

 

Another thing you will note that there is almost a cyclical component to Recessions. It was 10 years between 1970 and 1980. It was 11 years between 1980 and 1991. Another 11 years between 1991 and 2001. Then 7 years between 2001 and 2008. Add 11 years to 2008 and your get 2019. Surprise!!!!

 

Click on this link to view John Kemp’s charts related to his article: https://tmsnrt.rs/2HfQKH5

 

Click on this link to visit the Thomson Reuters Foundation News website to read John Kemp’s article titled: “Global economy is headed for recession: Kemp“.

 

In the United States and Germany, the tentative signs of easing growth momentum, that were flagged in December’s assessment, have been confirmed with easing growth momentum remaining the assessment for Canada, the United Kingdom and the euro area as a whole, including France and Italy.