Huge worldwide stock market crash looming?

I dunno, but the alarm bells are ringing. Not a pleasant thing for Australia with incompetence running the show. SSJoe wouldn't have a fuckin hope in hell of dealing with it.

All these factors are aligning to a point where a worldwide recession is imminent. When people fear that something bad is about to happen, they stop buying non-essentials and begin stocking up on essential items. This is already happening now in Russia, Europe and the US. 

Sooner or later, major manufacturing companies across the globe will experience serious falls in demand, they will begin laying off workers, stock prices will start to fall, panic will set in on Wall Street and the whole house of cards will begin to collapse. 

Banks will call in loans, companies will go to the wall, and unemployment will soar. The real estate market will collapse, foreclosures will be widespread and poverty will be redefined to include what was once the middle class. 

When this happens we can be sure of one thing. Banks, too big to fail, will again be protected. The excessively wealthy will come out of it relatively unscathed and the resultant greater inequality that follows will cause civil unrest the likes of which most people today have never seen. 

Whether 2015 is the year these economic imbalances will converge with political uncertainty to create a perfect storm is a matter of conjecture. But be assured the clouds are gathering. No one knows when the conflicting forces will create a chain reaction. But wiser economic minds are sure they will. more