Troubled Times

“I was reminded that when we lose and I strike out, a billion people in China don't care.” - Reggie Jackson

Here are two recent articles demonstrating that the world is becoming increasingly unstable.

Unrest in China Worse Than Widely Reported

Bankruptcies, unemployment and social unrest are spreading more widely in China than officially reported, according to independent research that paints an ominous picture for the world economy.

Vladimir Putin faces signs of mutiny in own government as protests break out in east

As Russia's economy begins to implode after years of energy-driven growth, Mr Putin is facing the germs of an unexpected power struggle … Mounting job losses and a collapse in the price of commodities have triggered social unrest on a scale not seen for at least four years, prompting panic among Kremlin officials more accustomed to the political apathy of the Russian people.

Bottom Line

With stories like this, I remain skeptical that the economy has hit bottom and will soon improve. We could experience a global depression lasting many years.