X22Report
Published on Jan 10, 2014
Get economic collapse news throughout the day visit http://x22report.comMore economic collapse news visit http://thepeoplesnewz.com
The Greek people cannot pay their taxes. In Cyprus housing sales fell 23% in 2013. The central bankers/US government/corporate media have released the propaganda that the economy is recovering. This is false and retail sales tanked this holiday season. The central bankers US government are losing control of the middle east and the US dollar is on the brink of collapsing.
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The Economic Collapse
If You Are Waiting For An “Economic Collapse”, Just Look At What Is Happening To Europe
By Michael Snyder, on January 8th, 2014 
If
you are anxiously awaiting the arrival of the "economic collapse", just
open up your eyes and look at what is happening in Europe. The entire
continent is a giant economic mess right now. Unemployment and poverty
levels are setting record highs, car sales are setting record lows, and
there is an ocean of bad loans and red ink everywhere you look. Over
the past several years, most of the attention has been on the economic
struggles of Greece, Spain and Portugal and without a doubt things
continue to get even worse in those nations. But in 2014 and 2015,
Italy and France will start to take center stage. France has the 5th
largest economy on the planet, and Italy has the 9th largest economy on
the planet, and at this point both of those economies are rapidly
falling to pieces. Expect both France and Italy to make major headlines
throughout the rest of 2014. I have always maintained that the next
major wave of the economic collapse would begin in Europe, and that is
exactly what is happening. The following are just a few of the
statistics that show that an "economic collapse" is happening in Europe
right now...-The unemployment rate in the eurozone as a whole is still sitting at an all-time record high of 12.1 percent.
-It Italy, the unemployment rate has soared to a brand new all-time record high of 12.7 percent.
-The youth unemployment rate in Italy has jumped up to 41.6 percent.
-The level of poverty in Italy is now the highest that has ever been recorded.
-Many analysts expect major economic trouble in Italy over the next couple of years. The President of Italy is openly warning of "widespread social tension and unrest" in his nation in 2014.
-Citigroup is projecting that Italy's debt to GDP ratio will surpass 140 percent by the year 2016.
-Citigroup is projecting that Greece's debt to GDP ratio will surpass 200 percent by the year 2016.
-Citigroup is projecting that the unemployment rate in Greece will reach 32 percent in 2015.
-The unemployment rate in Spain is still sitting at an all-time record high of 26.7 percent.
-The youth unemployment rate in Spain is now up to 57.7 percent - even higher than in Greece.
-The percentage of bad loans in Spain has risen for eight straight months and recently hit a brand new all-time record high of 13 percent.
-The number of mortgage applications in Spain has fallen by 90 percent since the peak of the housing boom.
-The unemployment rate in France has risen for 9 quarters in a row and recently soared to a new 16 year high.
-For 2013, car sales in Europe were on pace to hit the lowest yearly level ever recorded.
-Deutsche Bank, probably the most important bank in Germany, is the most highly leveraged bank in Europe (60 to 1) and it has approximately 70 trillion dollars worth of exposure to derivatives.
Europe truly is experiencing an economic nightmare, and it is only going to get worse.
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The Economic Collapse
Why Is Goldman Sachs Warning That The Stock Market Could Decline By 10 Percent Or More?
By Michael Snyder, on January 13th, 2014 
Why
has Goldman Sachs chosen this moment to publicly declare that stocks
are overpriced? Why has Goldman Sachs suddenly decided to warn all of
us that the stock market could decline by 10 percent or more in the
coming months? Goldman Sachs has to know that when they release a
report like this that it will move the market. And that is precisely
what happened on Monday. U.S. stocks dropped precipitously. So is
Goldman Sachs just honestly trying to warn their clients that stocks may
have become overvalued at this point, or is another agenda at work
here? To be fair, the truth is that all of the big banks should be
warning their clients about the stock market bubble. Personally, I have
stated that the stock market has officially entered "crazytown territory".
So it would be hard to blame Goldman Sachs for trying to tell the
truth. But Goldman Sachs also had to know that a warning that the stock
market could potentially fall by more than 10 percent would rattle
nerves on Wall Street.This report that has just been released by Goldman Sachs has gotten a lot of attention. In fact, an article about this report was featured at the top of the CNBC website for quite a while on Monday. Needless to say, news of this report spread on Wall Street like wildfire. The following is a short excerpt from the CNBC article...
A stock market correction is approaching the level of near certainty as Wall Street faces a major paradigm shift in how to achieve price gains, according to a Goldman Sachs analysis.
In a market outlook that garnered significant attention from traders Monday, the firm's strategists called the S&P 500 valuation "lofty by almost any measure" and attached a 67 percent probability to the chance that the market would fall by 10 percent or more, which is the technical yardstick for a correction.
The current valuation of the S&P 500 is lofty by almost any measure, both for the aggregate market as well as the median stock: (1) The P/E ratio; (2) the current P/E expansion cycle; (3) EV/Sales; (4) EV/EBITDA; (5) Free Cash Flow yield; (6) Price/Book as well as the ROE and P/B relationship; and compared with the levels of (6) inflation; (7) nominal 10-year Treasury yields; and (8) real interest rates. Furthermore, the cyclically-adjusted P/E ratio suggests the S&P 500 is currently 30% overvalued in terms of (9) Operating EPS and (10) about 45% overvalued using As Reported earnings.There is a lot of technical jargon in the paragraph above, but essentially what it is saying is that stock prices are unusually high right now according to a whole host of key indicators.
And in case you were wondering, stocks did fall dramatically on Monday. The Dow fell by 179 points, which was the biggest decline of the year by far.
So is Goldman Sachs correct about what could be coming?
Well, the truth is that there are many other analysts that are far more pessimistic than Goldman Sachs is. For example, David Stockman, the Director of the Office of Management and Budget under President Reagan, believes that the U.S. stock market is heading for "a pretty rude day of awakening"...
Read More Here
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