This is the fragile global economy — already broken — now buckling under the first real shock. There is no soft landing. The next stage of the downturn has already started.

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South Korea is bailing out small businesses.

China is injecting $80B into its banking system.

Factories are furloughing workers.

Bond markets are collapsing.
The Bank of Korea froze, paralyzed by “uncertainty,” but will be forced to cut rates again.

The PBOC — despite trying to exit emergency measures — was yanked back in, flooding the system with liquidity.

Meanwhile, Chinese bond yields are crashing toward record lows, signaling a full-scale flight to safety.

This isn’t an isolated crisis.

This is the fragile global economy — already broken — now buckling under the first real shock.

There is no soft landing.

The next stage of the downturn has already started.



We already know Americans are living on debt when you see the amount of credit card debt that continues to spiral out of control. But according to a recent survey from lending tree 25% of people are using by now pay later loans just to buy groceries which is up 11% from just one year ago. This trend of people needing to borrow just to be able to buy groceries is unsustainable and it can’t last.