"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless."
Francis I, 16 May 2013
05 May 2016
SP 500 and NDX Futures Daily Charts
The economic news this week has been rather poor.
The global economy peaked in 2013 and has been in a gradual but steady decline ever since.