With so much chaos taking place in markets around the world this week, particularly in China, today King World News is featuring 4 of the most shocking charts of 2015!
The following charts are from the Wall Street Journal and others. The first chart below from Merrill Lynch that shows at one point this week the Shanghai market lost a staggering $2 trillion in market cap in just 17 trading days. That's about 9 Greeces.
The second chart below is an overlay of the action in the Shanghai Composite vs the Dow in 1929. As you can see, the crash in the Shanghai Composite appears to be somewhat mirroring that of the 1929 crash in the Dow. No wonder the Chinese government stepped in to rig its market in the short-run.
The third chart below from Jason Goepfert at SentimenTrader shows that the smart money went long $5 billion in S&P 500 Index futures this week, 3rd highest of the bull market.
The fourth chart below from WSJ shows that even in the wake of the stock market crash, China continues to replace its human workforce with a robot workforce. So having devoured many of the world's factory jobs, China is now handing them over to robots.
There is no question that this will all end badly, it's just a question of how much human suffering will take place as human beings begin to be viewed as disposable by the major corporations that run the world? To subscribe to the Wall Street Journal CLICK HERE.
***KWN has now released the incredibly powerful KWN audio interview with Nomi Prins, where she discusses why the Chinese stock market crash was just a preview of things to come, the coming financial destruction that is still in front of us, what investors can do to protect themselves and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Keynote Speaker Who Addressed The Fed, IMF And World Bank Warns China Crash A Warm Up – Global Collapse Coming And It Will Be Devastating CLICK HERE.
***KWN has also now released the extraordinary KWN audio interview with Egon von Greyerz where he discusses the incredible turmoil of the past two weeks, what to expect next, the coming financial destruction that is still in front of us, what investors can do to protect themselves and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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The audio interviews with Nomi Prins, Gerald Celente, Andrew Maguire, Michael Pento, Dr. Paul Craig Roberts, Rick Rule, Bill Fleckenstein, Stephen Leeb, Eric Sprott, Robert Arnott, David Stockman, Chris Powell, John Mauldin, Egon von Greyerz, Dr. Philippa Malmgren, Marc Faber, Felix Zulauf and Rick Santelli are available now and you can listen to them by CLICKING HERE.