Here’s a Quickie Checklist of Global Economic Worries

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Just to keep everyone up to speed, here’s a checklist of the big things that are currently worrying investors about the global economy:

  • A possible Greek exit from the euro—aka “Grexit”—following elections later this month. On the bright side, there’s not much fear any longer that this might produce contagion that blows up larger economies like Italy and Portugal. On the dark side, that lack of fear might very well be a mistake. Panic was still contagious the last time I checked.
  • Recession and a deflationary spiral in the eurozone. Germany, which pretty much runs the show in Europe, is still doing its damnedest to prevent the European economy from showing any signs of life, which means that stagnation there could last a long time.
  • A slowdown in China, possibly accompanied by a property bust.
  • Problems in emerging economies with lots of dollar-denominated debts thanks to the continuing strong dollar.

All of this combines to make investors worried about the US as well. The American economy is a bright spot right now, but it can’t drive the world economy all by itself. If everyone else goes kablooey, then the US economy will eventually suffer as well, and this could cause the global economy to go even further into recession.

So….those are the things you’ll probably be reading a lot about over the next few weeks and months. Now you know.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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