NP - Here's a Quickie Checklist of Global Economic Worries (Russia is irrelevant)

[David Morris]

http://www.motherjones.com/kevin-drum/2015/01/heres-quickie-checklist-global-economic-worries

Just to keep everyone up to speed, here's a checklist of the big things
that are currently worrying investors about the global economy:

   - *A possible Greek exit from the euro—aka "Grexit"*—following elections
   later this month. On the bright side, there's not much fear any longer that
   this might produce contagion that blows up larger economies like Italy and
   Portugal. On the dark side, that lack of fear might very well be a mistake.
   Panic was still contagious the last time I checked.
   - *Recession and a deflationary spiral in the eurozone.* Germany, which
   pretty much runs the show in Europe, is still doing its damnedest to
   prevent the European economy from showing any signs of life, which means
   that stagnation there could last a long time.
   - *A slowdown in China,* possibly accompanied by a property bust.
   - *Problems in emerging economies* with lots of dollar-denominated debts
   thanks to the continuing strong dollar.

All of this combines to make investors worried about the US as well. The
American economy is a bright spot right now, but it can't drive the world
economy all by itself. If everyone else goes kablooey, then the US economy
will eventually suffer as well, and this could cause the global economy to
go even further into recession.

So....those are the things you'll probably be reading a lot about over the
next few weeks and months. Now you know.
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