{"id":8215,"date":"2015-07-04T23:10:42","date_gmt":"2015-07-05T03:10:42","guid":{"rendered":"http:\/\/wavechronicle.com\/wave\/?p=8215"},"modified":"2015-07-12T17:24:46","modified_gmt":"2015-07-12T21:24:46","slug":"world-market-watch-wave-chronicle-statement","status":"publish","type":"post","link":"https:\/\/wavechronicle.com\/wave\/?p=8215","title":{"rendered":"Wave Chronicle Statement: World Market Watch"},"content":{"rendered":"

It has been an odd year for the\u00a0world markets. Most markets, currencies, and commodities have been on a roller coaster ride\u00a0this year. What has me concerned and why I have issued the World Market Watch<\/strong> is\u00a0from a few\u00a0separate issues. One is obvious and that is Greece, the other is a surprise and that is China.<\/p>\n

Greece is a failed financial system, it does not matter if they vote “Yes”<\/strong> or “No”, <\/strong>suffering will happen with either choice. For the Greek people, the Wave Chronicle believes that a “No” vote is best for the Greek people<\/strong>. You will have a shorter recovery with a Greek owned and managed currency.<\/p>\n

The concern is whether the Greek implosion will be a contagion to the world market. The Wave Chronicle is stating “No”, <\/strong>the contagion will not expand to unrelated markets.\u00a0The Greek collapse will have a toll on the EU market, nothing would have changed this reality. Below is a couple of images from the BBC.<\/p>\n

\"Who<\/a><\/p>\n

 <\/p>\n

\"Greecedebtowners\"<\/a><\/p>\n

When you review the two images, the contagion should be held to the EU markets only. You will\u00a0have a marginal issue with the US market. EU market should be a blood bath when Greece reopens, with a small cascade\u00a0issue in the US. You will not have an issue with BRIC nation group.<\/p>\n

What I believe to be a bigger threat is the following:<\/h4>\n

China has lost roughly 2 Trillion dollars over the past few weeks. The volatility in that region is a greater problem to the world markets on it’s own without the pending Greek implosion. Since June you have had market swings of 5 to 6 percent on a whim. The Shanghai market has lost 24% since the middle of June. Mind you it is still up 20% for the year but the volatility is the problem.<\/p>\n

Below is a good solid opinion from China about China’s market issues:<\/p>\n