Saying what? Anyway I'm not saying anything, just reprinting what I consider interesting piece of analytics. My only part was "the end is near" for dramatic effect.

It could have been propaganda if that was some official, corporate or mainstream outlet, not some personal blog. Practically all "alarmist" opinions on the matter exists within "alternative" media like OTM.

What interest rate did you mean specifically? Not quite getting the "global" part, Fed's refinancing interest rate? Deposits? All of them?

If the former, that'd mean "free" money for commercial banks, effectively Fed is lending its money-printing machine to everyone else. After few rounds of QE, it should be clear that won't fix anything.

You're missing the point. First of all, we're talking about global economy and therefore everyone is interconnected at some level. Second of all, you repeat stereotypes (especially if that's CNBC).

I can't speak for all areas but this State will have more Christmases. Minimum wage here in Washington are amoung the highest in the country and house values have gone back up and minamum wages are heading up and not counting seasonal work there are tons of job openings.

Once the world has hydrogen energy the world will change, hydrogen and solar power are the future, but the dirty elite dont want it to happen, they want us to carry on using a dated fuel source that they say will hit its peak in 2030 to 2035, the world has to change and will one way or the other.

I'm missing the point? I merely said that a lot of other countries are in trouble as well.

What stereotypes? The truth?

Russia's stock exchange is relatively small compared to the size of the economy, the fall was due to ruble purely speculative devaluation (that'd be the correct term btw). One serious fundamental problem though is lack of dollar liquidity throughout the whole year (on top of the same core problems within current global economy, of course), with practical result of it being getting rid of the dollar in trade.

Uh-huh, you're being defensive in the way "b-but, eveyone else is even worse (or the same)", while the purpose of the thread is to discuss the problems of global economy. The core problems lie within the main beneficiaries of it of course, aka the US and EU. That's why I didn't start it with, say, aritcle on the state of Chinese economy.

For example, Chinese housing bubble being bigger. It's bigger only if you don't count a stockpile of derivates that surround similar bubble in the US.

You lost me somewhere here.

China has a huge stockpile of cash in the bank and has financed the debt in many countries. The reason the world economy is in trouble is because we buy far too much from China and have to pay them for it. Many countries are running a trading deficit as well as borrowing to finance public services in the belief that somehow in the future they can pay off this debt. The reality is many of these economies are becoming less competitive and won't be able to pay their way in the future. The people of those countries will become far poorer and live more austere lives.

Here in the UK there are so many people who seem to believe there is unlimited funds and we can continue as we did before.

I don't know the future but clearly much of Europe has to become much poorer as does much of the USA. The USA is not a country to be poor in. Yes I know its not good to be poor anywhere but in some countries the poor are still protected by health services, a fair justice and education system.

Indeed the russian stock exchange is small, but it's still fallen to the lowest it has been since after the crisis in 2008, as it has fallen 42.5% YTD.

It may be primarily due to speculation, but Russia still has the highest inflation figure according to CPI of any country I know of, with a whopping annualized 9%.

How am I being defensive? Why would I be defensive? What do I have to defend? I suggest you read your own OP. It doesn't make it seem like the thread's purpose is to discuss the global economy when the OP only ever mentions the US, however I pointed out that the problems here are not unique to the US.

If anyone are being defensive here, it's you.

I guess the point is just to demostrate a trend of stagnating incomes, housing prices being up compared to wages is merely an example. I considered it being a common place tbh, but here's practical result of what he's talking about from the first source I've found -- the pecentage of home owners is dropping.

http://www.citymetric.com/skylines/chart-us-home-ownership-rates-20-year-low-424