For the last 10 years, we have had a booming global economy. Currently, we have a global panic and this economic growth looks as if it is coming to an end. The party is finally over! Globally, we are facing a very big economic downturn and we have reached to a point where everything has begun falling apart. The economy has come to an abrupt halt as supply chains break and anxiety spread all over. Millions of businesses have been impacted by the supply chains disruptions and this has triggered the biggest economic meltdown since the 2008 global financial crisis.
Will the Chinese economic collapse happen in 2020? China is the second largest economy in the world and in the last two decades, China has experienced a significant economic growth. However, the China has many problems like enormous debts, bank runs, an aging population and many others. The growth in China has been fuelled by debts and poor policies and this has created a hyper bubble that will burst with a china’s yuan crash. People are always asking when the economic collapse will happen in China. For the last several years, we have seen several Chinese banks being shut down. Banks like Baoshang, Jinzhou and other banks have been shut within a very short time. These are some of the cases of bank collapse in China and economists are predicting more similar cases in days to come.
Ever since the last stock market crash, unprecedented intervention by the us Government’s Bank has helped the financial system relatively stable. No matter what happened the Fed always solved the problem but they created the biggest stock market bubble in U.S history. Now they facing with the biggest challenge and it looks like they can do nothing to avoid the next financial crisis. They try to solve the problem with the same old way that worked well in the past and on Tuesday they announced an emergency rate cut and instead of rising the stock market started to crash.
The subject of the economic collapse of late become synonymous with leading media outlets clearly indicating an impending financial disaster evidenced by the worst stock market performance since the Great Depression in 1930. The poor performance in the stock market has been marked with increased volatility in stock prices and termed as the most unfavorable Christmas Eve in Wall Street. To make the economic situation even worse, most economic analyst including Mark Jolley is pessimistic that the situation will still get worse in the coming year as the situation is only at the first half of the global equity bear market.
The ailing economic situation has occurred within a brief period as in 2017; the stock market was at its best only to get worse in 2018 after the global economy took a new turn putting investors with their investments at stake. The financial crisis linked to the bear market is not only being witnessed in the US alone but in many stock markets across the globe which even started declining way before the situation was felt in the US.
It is certain that all Americans are currently worried about an impending economic collapse. Do you have what it takes to survive an economic collapse? If no, perhaps you have to develop measures that will help you survive an economic recess without much struggle. According to economic experts, there is a high possibility of an economic collapse in America than ever before thus calling for preparations to handle the situation effectively. But what exactly are you preparing for? In essence, you are bracing for an economic crash, and you would be among the 3 million preppers across the US.
The U.S economy is currently experiencing a debt bubble which can pop up anytime bringing the economy to its knees. Several sectors of the economy seem to be going wrong, a clear indication of an impending economic collapse. The banking sector, for instance, has since become risky attributed to snowballing debts which could lead to a sudden closure. The economic meltdown may be fatal in the US since the country has been living way above its limits for decades.