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Global Red Flags Addendum
Another Signpost Warning "Interesting" Times Ahead
We have an interesting addition to last week’s article detailing warning signs of coming global economic turmoil.
This morning I discovered that Google Finance no longer makes the Moscow Stock Exchange Indices available.
What makes this particularly fascinating is that Yahoo! Finance’s charting displays data for the RTS index going back to May 11…but not any farther back.
Why has Google “memoryholed” the Moscow Exchange? Why is Yahoo! apparently taking similar steps?
In the grand scheme of global finance, the Moscow Exchange does not enjoy the global stature of New York, Europe, or China—and yet data that was available before is suddenly no longer available in several popular financial data sources. The removal of data is never a good sign of anything.
This is a step beyond the “de-globalization” I have noted before. Memoryholing Russian financial data suggests economic balkanization. When financial data from around the world is curtailed and suppressed, it is difficult to envision how trade and commerce across the world is not ultimately impaired.
Given the current descent of the global economy into recession, contraction, and chaos, Google’s decision to pretend the Moscow Stock Exchange no longer exists is yet another warning signal of “interesting” economic times ahead.