As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse. Layoffs are increasing at a pace that we haven't seen since the last recession, major retailers are shutting down hundreds of locations, corporate profit margins are plunging, global trade is slowing down dramatically, and several major European banks are in the process of completely imploding.
According to Synder, the changes being felt in 2016 are only going to accelerate further as we go further down the rabbit hole. We definitely no longer seem to be in Kansas anymore. We are entering truly unchartered waters. Hold on and learn to swim or at least as the waves are now to get very choppy...
22 Signs of Turmoil in 2016
1. The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray & Christmas.
2. The Baltic Dry Index just hit yet another brand new all-time record low. As I write this article, it is sitting at 303.
3. U.S. factory orders have now dropped for 14 months in a row.