18 Signs That Massive Economic Problems Are Erupting All Over The Planet And Australia

#12 Suddenly Australia is experiencing some tremendous economic challenges.  The following quotes are from a recentZero Hedge article...-
“We’re seeing a much sharper contraction in the Australian economy than we’d anticipated four or five months ago”.Coffey MD, John Douglas.
The engineering group has seen its shares, which traded above $4 in 2007, hit 10c last week.-“By 10am, the Fitness First gym in the city is packed full of brokers who’ve had a gutful of sitting at their desk doing nothing – salary cuts are starting and next it will be jobs” Perth broker
“Oh mate, the funding market is dead. You are now seeing a few deeply discounted rights issues for those that are reaching desperate levels ….. liquidity has completely disappeared” Perth broker

#1 The eurozone is now in the midst of its longest recession ever.  Economic activity in the eurozone has declined for six quarters in a row.

#2 Italy's economy has now been contracting for seven quarters in a row.

#3 Industrial production in Italy has fallen for 15 months in a row.  It has now fallen to its lowest level in about 25 years.

#4 The number of people that are considered to be "seriously deprived" in Italy has doubled over the past two years.

#5 Consumer confidence in France has just hit a new all-time low.

#6 The number of unemployed workers seeking a job in France has hit a brand new all-time record high.  Many unemployed workers in France are utterly frustrated at this point...

The rest here 》 18 Signs That Massive Economic Problems Are Erupting All Over The Planet