Global Financial Markets Tremble As Bad Economic News Continues To Pour In

Thursday, June 2, 2011
By Paul Martin

EconomicCollapseBlog.com

As the U.S. economy starts to slow down once again, global financial markets are beginning to tremble. Over the past couple of weeks, all kinds of bad economic news has been pouring in. The ADP jobs report was a “disaster”, the housing numbers are dismal, manufacturing has slowed way down and consumer confidence is dropping like a rock. The Democrats and the Republicans are bickering over the debt ceiling and this is causing a lot of uncertainty as well. All of this bad news is starting to spook investors. On Wednesday, the Dow was down 279 points and the NASDAQ was down 65 points. It was the worst day of the year for the Dow, and many are wondering what is going to happen next if we see even more bad economic data. QE2 is slated to end at the end of the month, and already the bond markets seem to be anticipating QE3. If the U.S. economy enters another significant downturn during the second half of 2011, it seems quite likely that the Federal Reserve would attempt to do something to stimulate the economy and that would probably mean more money printing.

This article is essentially the second part to an article I wrote yesterday about how we are seeing warnings about the next financial collapse all over the place right now. Panic is building and a lot of investors are trying to figure out where to put their money. Suddenly everyone seems a whole lot less optimistic than they were a couple of months ago.

Michael Sheldon, the chief market strategist at RDM Financial, believes that all of the bad economic news we are seeing right now is clear evidence that we are entering an “economic slump”….

The Rest…HERE

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