Perhaps the FIRST SIGNS of a world economic crisis....

[Vigilante]

Silver Tops $18, Gold Nears $1300 - Highest in 5 Months

Silver Tops 18 Gold Nears 1300 - Highest in 5 Months Zero Hedge

 

[Luddly Neddite]

"first signs"

LOL

Guess you missed the near collapse of the world's financial markets - caused by Bush and ended by President Obama.

 

[Vigilante]

"first signs"

LOL

Guess you missed the near collapse of the world's financial markets - caused by Bush and ended by President Obama.

Little early for you to be on the METH, isn't it?

 

[HereWeGoAgain]

I would say have to say it's the apparent lack of concern about our massive debt.
It's almost like they dont expect to ever have to pay it.

 

[Vigilante]

Small twigs thrown in the fire...

Baker Hughes to lay off 7,000 in coming months

Fuel Fix ^
Baker Hughes said Tuesday it will lay off 7,000 mostly in the first quarter of 2015, amid a crude oil price slump and drilling slowdown it expects to worsen in the next quarter. The announcement came shortly after the oil service company reported that its net income for the three months ending December 30 rose to an adjusted $629 million, or an adjusted earnings per share of $1.44 in 2014. In the same period of 2013, Baker Hughes reported $248 million in profit. The company said it expects to book a one-time charge in the next period in the range...

 

[ChesBayJJ]

Small twigs thrown in the fire...

Baker Hughes to lay off 7,000 in coming months

Fuel Fix ^
Baker Hughes said Tuesday it will lay off 7,000 mostly in the first quarter of 2015, amid a crude oil price slump and drilling slowdown it expects to worsen in the next quarter. The announcement came shortly after the oil service company reported that its net income for the three months ending December 30 rose to an adjusted $629 million, or an adjusted earnings per share of $1.44 in 2014. In the same period of 2013, Baker Hughes reported $248 million in profit. The company said it expects to book a one-time charge in the next period in the range...

The oil industry is being done in by its own success, it seems. Lots of US drilling and oil production. Tankage of global oil prices. Layoffs in the oil patch. Nothing surprising about it at all.

 

[Vigilante]

Small twigs thrown in the fire...

Baker Hughes to lay off 7,000 in coming months

Fuel Fix ^
Baker Hughes said Tuesday it will lay off 7,000 mostly in the first quarter of 2015, amid a crude oil price slump and drilling slowdown it expects to worsen in the next quarter. The announcement came shortly after the oil service company reported that its net income for the three months ending December 30 rose to an adjusted $629 million, or an adjusted earnings per share of $1.44 in 2014. In the same period of 2013, Baker Hughes reported $248 million in profit. The company said it expects to book a one-time charge in the next period in the range...

The oil industry is being done in by its own success, it seems. Lots of US drilling and oil production. Tankage of global oil prices. Layoffs in the oil patch. Nothing surprising about it at all.

And more to come...watch for the unemployment rate to turn around!

 

[ChesBayJJ]

Small twigs thrown in the fire...

Baker Hughes to lay off 7,000 in coming months

Fuel Fix ^
Baker Hughes said Tuesday it will lay off 7,000 mostly in the first quarter of 2015, amid a crude oil price slump and drilling slowdown it expects to worsen in the next quarter. The announcement came shortly after the oil service company reported that its net income for the three months ending December 30 rose to an adjusted $629 million, or an adjusted earnings per share of $1.44 in 2014. In the same period of 2013, Baker Hughes reported $248 million in profit. The company said it expects to book a one-time charge in the next period in the range...

The oil industry is being done in by its own success, it seems. Lots of US drilling and oil production. Tankage of global oil prices. Layoffs in the oil patch. Nothing surprising about it at all.

And more to come...watch for the unemployment rate to turn around!

Sure. Probably see an increase in jobless claims and a big drop in job gains.

Is there a point to this thread?

 

[Vigilante]

Small twigs thrown in the fire...

Baker Hughes to lay off 7,000 in coming months

Fuel Fix ^
Baker Hughes said Tuesday it will lay off 7,000 mostly in the first quarter of 2015, amid a crude oil price slump and drilling slowdown it expects to worsen in the next quarter. The announcement came shortly after the oil service company reported that its net income for the three months ending December 30 rose to an adjusted $629 million, or an adjusted earnings per share of $1.44 in 2014. In the same period of 2013, Baker Hughes reported $248 million in profit. The company said it expects to book a one-time charge in the next period in the range...

The oil industry is being done in by its own success, it seems. Lots of US drilling and oil production. Tankage of global oil prices. Layoffs in the oil patch. Nothing surprising about it at all.

And more to come...watch for the unemployment rate to turn around!

Sure. Probably see an increase in jobless claims and a big drop in job gains.

Is there a point to this thread?

Besides speculating on the first sign of a crisis?

 

[saveliberty]

Oil price drop predates the gold and silver shift. Also, copper is more of an indicator of economic slowdowns.

 

[gtopa1]

David Cameron warns of looming second global crash World news The Guardian

His warning comes days after the Bank of England governor, Mark Carney, claimed a spectre of stagnation was haunting Europe. The International Monetary Fund managing director, Christine Lagarde, expressed fears in Brisbane that a diet of high debt, low growth and unemployment may yet become “the new normal in Europe”.

Cameron has adopted the more sombre tone in the runup to the chancellor’s autumn statement on 3 December, when the Office of Budget Responsibility will produce new growth forecasts and spell out the impact on public finances.

“The eurozone is teetering on the brink of a possible third recession, with high unemployment, falling growth and the real risk of falling prices too,” Cameron writes. “Emerging market economies which were the driver of growth in the early stages of the recovery are now slowing down. Despite the progress in Bali [trade talks in 2013], global trade talks have stalled while the epidemic of Ebola, conflict in the Middle East and Russia’s illegal actions in Ukraine are all adding a dangerous backdrop of instability and uncertainty.”

The emphasis on potential dangers, balancing some more hubristic ministerial accounts of the state of the UK economy, reflects Cameron’s concern – underlined by conversations at the G20 – about the extent to which Britain can detach itself from gathering economic storms.

Not just a US observation. The G20 said a lot of things and a global crash was said to be on the cards.

Greg

 

[Vigilante]

Oil price drop predates the gold and silver shift. Also, copper is more of an indicator of economic slowdowns.

That used to be true, gold had been tied to the price of oil, BUT situations change, and with it the separation of many old standards!

 

[Sonny Clark]

Silver Tops $18, Gold Nears $1300 - Highest in 5 Months

Silver Tops 18 Gold Nears 1300 - Highest in 5 Months Zero Hedge

IMF: The world economy is worse off than we thought ------ International Monetary Fund The world economy is worse off than we thought - Jan. 19 2015

 

[ChesBayJJ]

Besides speculating on the first sign of a crisis?

I'm just trying to figure out what the potential crisis might be that you are speculating about. Your hint appears to be precious metals prices. Anything else you are concerned about?

 

[gtopa1]

Others are writing about it.

We can t blame David Cameron if the eurozone stumbles into recession again Politics The Guardian

So Chris Leslie, the Labour economics spokesman who accused Cameron of making excuses, was only doing what opposition spokesfolk do when shooting from the hip. It was fine to attack the Tories over the European arrest warrant (EAW) vote shambles last week – as I wrote at the time – because it was a shambles of their own making. It’s not so fine to jeer simply because borrowing is much higher than Osborne expected by 2014.

The borrowing helps pay the social security bill, which eases the distress of those in most need at a time when tax receipts – from individuals and companies – are disappointing, so the gap widens. Low wages and falling profits are a major factor, alongside the familiar issues of tax avoidance and evasion. By all means blame the Tories for the bedroom tax, blame pious Iain Duncan Smith in particular, but not for the tsunami of problems that threatens to engulf us all. We shall overcome, but it will require warm hearts and cool heads.

Europe seems a tad more concerned about it than the US.

Greg

 

[gtopa1]

Besides speculating on the first sign of a crisis?

I'm just trying to figure out what the potential crisis might be that you are speculating about. Your hint appears to be precious metals prices. Anything else you are concerned about?

JJ: there are real problems in Europe AND China. The US may not crash this time but there is a "rest of the world". It's still speculation of course.

Greg

 

[Avorysuds]

"first signs"

LOL

Guess you missed the near collapse of the world's financial markets - caused by Bush and ended by President Obama.

Bush didn't cause it and Obama didn't end it you hyper partisan troll. If a majority of blame were placed on any 1 group it would be a tie between the FED-R or the American people. The main issue with your statement is that you claimed the economic crisis is "ended".

 

[Sonny Clark]

"first signs"

LOL

Guess you missed the near collapse of the world's financial markets - caused by Bush and ended by President Obama.

Bush didn't cause it and Obama didn't end it you hyper partisan troll. If a majority of blame were placed on any 1 group it would be a tie between the FED-R or the American people. The main issue with your statement is that you claimed the economic crisis is "ended".

The recession/depression crisis actually had its roots going back as far as shortly after WWII with the attempt to rebuild Japan's economy after the war. During that time, our economy had peaks and valleys, ups and downs, feast and famine, and slowly simmered until 2007. There has been no economic recovery, period. We're nowhere near a break even point when considering the big picture. The sole blame can be placed on "The Washington Brotherhood", and the voters for allowing them to basically destroy years of progress. We will not recover from the socioeconomic disaster in the foreseeable future. We're one breathe away from drowning as we speak.

 

[EdwardBaiamonte]

The recession/depression crisis actually had its roots.

dear, its roots were in liberal govt policy to get people into homes the Republican free market said they could not afford. Case closed . Sorry!

 

[william the wie]

non-ferrous base metals are a more reliable indicator than gold and silver. Gold is a hedge against stupid central banker tricks like the SNB last week. non-ferrous metals tell you what is happening in the real economy. the labor force fraction is about to shrink a lot.