John Ward – Crash2 Signs: Every Day In Every Way They’re Getting Bigger – 9 October 2014

JohnWThis morning the Bank of Italy announced that bad loans in the country rose 20 percent year-on-year in August –  and lending to companies and families shrank equally dramatically.

In just 3 months, oil has suffered a 20 percent plunge into bear-market territory as average petrol prices hit their cheapest level for nearly four years. Brent crude fell more than a dollar to a 27-month low of $90.76 at one point.

China, the world’s top coal importer, is to levy import tariffs on it of between 3 per cent and 6 per cent from October 15th in its latest attempt to support ailing domestic miners. Australia and Russia will be hit very hard indeed.

See closely-related Slogpost: Neoliberal Cock comes home to roost / link to original article

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