2016 is the year where companies around the world will start to look at their capital spending and decide to cut cost due to deflationary forces and slowing demand. At my current employment (largest software company Canada), I can already see the effects of the slowing economy in the U.S.A and Canada.
As equities markets top out and start sloping downward, it is wise to get out of stocks now because in 18 months things are going to look very different.
Despite the propaganda mainstream media of the United States telling its citizens that the economy is okay and everything will be fine, the truth about the U.S economy is much much worse than what they are portraying.
There are over 30% of the population that is out of work and stop looking for work. To put that into numbers that is roughly 90 million people out of work. Any new jobs created are not high quality jobs , they are low pay service jobs and those are not the jobs that millennials went to expensive college / school for.
Rest assured that this recent economic slow has little to do with China. China is just a part of the slowing demand for goods happening around the world. Of course, China’s economic output is going to slow because the Western world are over their head in debt. Why are they in debt, because the Western governments (U.S, Europe) have mismanaged tax dollars that citizens pay.
This is just a quick blog post stating that the stock market has had a nice bounce up from the huge drop it took a few weeks back, but it will NOT last….read below.