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19 Reasons To Be Deeply Concerned About The Global Economy

by Tyler Durden

Is the global economic downturn going to accelerate as we roll into the second half of this year?  There is turmoil in the Middle East, we are seeing things happen in the bond markets that we have not seen happen in more than 30 years, and  much of Europe has already plunged into a full-blown economic  depression.  Sadly, most Americans will never understand what is  happening until financial disaster strikes them personally.  As long as  they can go to work during the day and eat frozen pizza and watch  reality television at night, most of them will consider everything to be just fine.

Unfortunately, the truth is that everything is not fine.  The world is becoming increasingly unstable, we are living in the  terminal phase of the greatest debt bubble in the history of the planet  and the global financial system is even more vulnerable than it was back in 2008.  Unfortunately, most people seem to only have a 48 hour  attention span at best these days.  They don’t have the patience to  watch long-term trends develop.  And the coming economic collapse is not going to happen all at once.  Rather, it is like watching a very, very  slow-motion train wreck happen.

The coming economic nightmare is going to unfold over a number of  years.  Yes, there will be moments of great panic, but mostly it will be a steady decline into economic oblivion.  And there are a lot of indications that the second half of this year is not going to be as good as the first half was.

The following are 19 reasons to be deeply concerned about the global economy as we head into the second half of 2013…

#1 The velocity of money in the United States has plunged to an all-time  low.  It is extremely difficult to have an “economic recovery” if banks  are not lending money and people are not spending it…

full article at source:http://www.zerohedge.com/news/2013-07-05/19-reasons-be-deeply-concerned-about-global-economy

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