Nightly business report august 28 2015 national day

At least one, usually two, and very rarely all three anchored the program on a given night. Except for the few nights when one of the men solo anchored, each evening's program included one anchor based in New York City and one in Washington, D. Chancellor moved between those two cities depending on his partner for the evening.

Nightly business report august 28 2015 national day

But what did happen?

Ranger Rick Zoobooks®

It is my contention that a global financial crisis began during the second half ofand it threatens to greatly accelerate as we enter During the last six months of the year that just ended, financial markets all over the planet crashed, trillions of dollars of global wealth was wiped out, and some of the largest economies in the world plunged into recession.

This is what the early stages of a financial crisis look like, and the worst is yet to come. If we were entering another style crisis, we would expect to see junk bonds crashing. Instead, it usually starts percolating on the periphery. And right now bonds of firms that are considered to be on the risky side of things are rapidly losing value.

In the chart below, you can see that a high yield bond ETF that I track very closely known as JNK started crashing in the middle of This crash began to unfold before the horrific crash of stocks in the fall.

Investors that saw junk bonds crashing in advance and pulled their money out of stocks in time saved an enormous amount of money. Now, for the very first time since the last financial crisis, we are seeing junk bonds crash again.

In December, there was finally a sustained crash through the psychologically-important If junk bonds continue to crash, this will just be the beginning of the carnage. One of the big reasons why junk bonds are crashing is because of the crash in the price of oil.

There has only been one other time in all of history when we have ever seen an oil price crash of this magnitude. Unlikethe price of oil is not expected to rapidly rebound any time soon. Most oil experts believe prices will bounce back in latebut they expect more pain first. Meanwhile, the prices of industrial commodities have been crashing as well.

For example, the chart below shows that the price of copper started crashing hard just before the great financial crisis ofand the exact same thing is happening once again right before our very eyes… Things are unfolding just as we would expect they would during the initial stages of a new global financial crisis.

And we have already seen a full blown stock market crash in many of the largest economies around the planet.

For instance, just look at what has been happening in Brazil. Canada has the 11th largest economy on the entire planet, and I recently wrote a lengthy article about the economic difficulties that the Canadians are now facing.

The Chinese have the second largest economy on the globe, and news about their economic slowdown in making headlines almost every single day now. Last summer, Chinese stocks crashed about 40 percent, and they did manage to bounce back just a bit since then.

But they are still down about 30 percent from the peak of the market… And there is plenty more that we could talk about. European stocks just had their second worst December everand Japanese stocks are down about points in early trading as I write this article.

How would you feel if you lost 7. The truth, of course, is that signs of financial chaos are erupting all around us. Corporate profits are plungingthe bond distress ratio just hit the highest level that we have seen since the last financial crisisand corporate debt defaults have risen to the highest level that we have seen in about seven years.

Frequently bought together

If you run a business, you may have noticed that fewer people are coming in and it seems like those that do come in have less money to spend. Economic activity is slowing down, and inventories are piling up.

In fact, wholesale inventories have now risen to the highest level that we have seen since the last recession… Do you notice a theme?

nightly business report august 28 2015 national day

So many things that have not happened in six or seven years are now happening again. Another number that I watch closely is the velocity of money. When an economy is running well, money tends to circulate efficiently through the system.

But when an economy gets into trouble, people get scared and start holding on to their money. As you can see from the chart below, the velocity of money declined during every single recession since This is precisely what one would expect.

And of course during the recession that started inthe velocity of money plunged precipitously.

nightly business report august 28 2015 national day

The velocity of money just kept going down, and now it has fallen to an all-time record low… A big reason for this is the ongoing decline of the middle class. Meanwhile, the share of the income pie that the middle class takes home has also continued to shrink.Northeast State Community College does not discriminate against students, employees or applicants for admission or employment on the basis of race, color, religion, creed, ethnic national origin, sex, sexual orientation, gender identity/expression, disability, age, status as a covered veteran, genetic information or any other legally protected class with respect to all employment, programs and.

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