The world’s stock markets are on Monday again broke violently. The Dax lost more than two percent in the afternoon and approached the mark of 6400 points. The euro is worth only $ 1.2830, the ounce of gold cost $ 1,560. A whole series of bad news spooked investors. The triggers was also a scenario that was designed by the star economist Paul Krugman in his blog for The New York Times.

Under the German title “€ Twilight” of the Nobel laureate economist drafted there be a scenario for an early end to the euro zone. “We’re talking about months, not years,” warns Krugman.

first Greece leave the euro, “very likely in the next month.”

2 Then start to the citizens in Spain and Italy, to vacate their bank accounts (bank run) to transfer the money to Germany.

3rd In response, a leading euro-zone countries capital controls to prevent the transfer of savings over the limit.

3b. Alternatively – or simultaneously – granted by the European Central Bank (ECB), the banks

large scale new loans in order to prevent a collapse

4. . Germany must decide whether to hold guarantees for the debt of Spain and Italy and the ECB accept additional support measures and thus higher inflation happens

not that that means – the end of the €

<. h2> A plethora of bad news

Krugman’s crisis-plot showed on Monday the markets long term effect. And the prophecy of the economics professor was by no means the only message that made the investment in fear and terror.

Spain is increasingly losing the confidence of investors after the bank announced on Friday the market reform could not convince. At its today’s money market auction, the country had enormous risk premiums to get over his bond yields. The yield on ten-year Spanish government bonds rose on Monday for the first time since December 2011 on the mark of 6.2 percent. At its peak yield on ten-year securities with 6.27 percent. Thus the risk premium was to German papers, which are still considered very safe, at around 4.75 percentage points -. As high as ever laid strong

According to the CDS premiums for Spanish government bonds. For a five-year loan, they now make up about 538 basis points. This means that a default insurance costs for a bond for example, currently € 538 € 10 000 per year. Also a record.

In the wake of the Spanish papers and their counterparts from Italy came to the attention of investors increased, which classify traders as particularly serious.

The news that China minimum reserve requirements for banks loosen his in order to stimulate the economy through new loans, worried economists. They see this as a sign that the Chinese economy seriously lame.

Not a good sign for world trade are also recent data from the air freight , published by the Federal Statistical Office in Wiesbaden today. The amount of goods that are flown around the globe, is considered more reliable indicator of the state of the world economy. If the camp is empty and the demand is high, the planes are fully utilized, because goods from the Far East must be brought as quickly as possible to the customers in the industrial countries. Does the demand to swell to the camp site and the manufacturers are switching to the slower sea. The result is empty aircraft

exactly what seems to be happening. According to the Federal Statistical Office were the amounts in the air freight and mail traffic in the first quarter of 2012 significantly decreased . With a good one-million tons and projections of the value of 4.2 percent was below the same period last year.

Also on commodity markets days since a recession scenario is played out. The price of a barrel of crude oil in the North Sea Brent crude fell on Monday for the first time this year at $ 110. The U.S. WTI will cost less than 95 dollars per barrel. The demand for copper decreases. The metal, which is due to its versatility of a reliable barometer for the state of the world economy lost more than two percent to $ 7,844 per tonne. In early May copper still listed at 8400 dollars.

The possible decline in world economic growth is also reflected in the foreign exchange market – for example, and expresses the rate of the A $ . The continent is one of the largest commodity exporters in the world. Decreases the demand for Australian raw materials falls, and the exchange rate of the Australian dollar to its counterpart in the United States.