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.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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