Global Financial Crisis 2 – contagion risk
Global Financial Crisis (GFC) 2008 and Jupiter in Capricorn
Monday 15 September 2008 marked the start of the GFC, when Wall Street brokerage firm Lehman Brothers filed for bankruptcy after the US government refused to bail them out. This event unleashed a major collapse of banks, and a stock market crash.
The crash occurred after the 2007 Jupiterian ‘bubble’ burst when expansive Jupiter last sojourned Capricorn in his 11.88 year cycle around the Sun. He is again in Capricorn, currently sitting at 19° of the sign. Last week, beginning Monday 24 February 2020, global markets experienced their worst week since the 2008 GFC with over $6 trillion wiped off the value of stocks, $200bn in Australia alone.
Shares in airlines are lower as the rapid spread of the Coronavirus out of China has triggered travel bans. In Australia, travel bans are in place, and expanding, with visitors from Iran the latest country to be banned from landing in Australia, and the government has advised people to reconsider travel plans to Iran (Jupiter = travel and foreigners).
As the Coronavirus extends beyond the China area, investors are panic selling as they factor in a chance of a global recession. The Federal Reserve has now left the door open to reduce interest rates, while much of the China’s economy remains mostly shut down with manufacturing plunging further than expected in February. Obviously, the longer the Coronavirus spread lasts, the worse the economy will get.
The Saturn-Pluto conjunction occurred in Capricorn on 12 January 2020 for the first time in 37 years, the last time being in 1982-1983 in relationship-oriented Libra when we experienced fear around death due to AIDS. Pluto rules power, transformation, death, regeneration and rebirth. Saturn rules structures, boundaries, limits, order, authority and foundations, including buildings, governments and corporations. This cycle in Capricorn concerns large scale changes around tradition, conservatism, and material and worldly ambitions.
Uranus in Taurus
The planet Uranus rules independence, being individualistic and innovative, space and freedom, breakdowns and breakthroughs, sudden change, revolution, shocks, disruption and unpredictability. Fixed Earth sign Taurus rules money, including the economy, our banks, values and material resources such as real estate. Taurus doesn’t enjoy change, it feels comfortable with stability and predictability. This is a combination of unhappy bedfellows indicating financial and stock market ups and downs, leading to volatility. Pay down debt and become more financially independent if you are in a position to do so, as there is a lot of private debt in the market. If you can, earn money doing something inventive and unique.
Coronavirus and Neptune in Pisces
The Coronavirus, ruled by planet Neptune, currently in his home sign of Pisces at 18°, is associated with the invisible realms, including viruses, lack of boundaries and formlessness. The Coronavirus is a threat to human life (Pluto) and the way we structure our lives (Saturn). Today in Australia we have recorded our first death in Perth, Western Australia, of a 78 year old man.
Deaths in mainland China has reached 2,870, outside China, 106, bringing the total globally to 2,976. The number of cases in mainland China has reached 79,824, outside China, 6,676, bringing the total globally to 86,500. The case fatality rate is about 2 per cent, which is a higher rate than influenza. If you’re an older male with underlying health conditions, this increases the risk of dying. The virus has not yet been called a global pandemic by the World Health Organisation, but that may not be far off.
Mercury Retrograde in Pisces
Communication planet Mercury (aka the ‘winged messenger’ and the Trickster) is currently retrograde in Pisces (16/17 February until 9/10 March) but re-enters Aquarius on 4 March. Mercury retrograde is a time when ideas, facts, learning, transport and information can be unclear or snafus can arise with technology. On the plus side, Mercury in Aquarius where it is Exalted, may bring a scientific invention or technological breakthrough in terms of a vaccine, especially since Saturn moves into this discovery-oriented sign on 21 March and out of past-oriented Capricorn.
However, in Pisces (sign of Mercury’s Detriment) the ability to attain accurate, rational or logical data, or even adequate information becomes more difficult. During this time the stock market has declined dramatically, which can lead to fear and panic (Saturn) about what is concrete, intelligent knowledge and information, and what is speculation and driven by emotion (Pisces). In short, facts can be unclear, clouded and foggy.
Venus in Aries square Jupiter, Pluto and Saturn in Capricorn
Planet of money and relationships, Venus, is currently in Aries (sign of her Detriment) at 25° is making a tense square aspect to the stellium in Capricorn of Jupiter, Pluto and Saturn. She squared greedy Jupiter on 23 February, regenerative Pluto on 28 February and will square restrictive Saturn this Tuesday, 3 March. This should then see a slowdown in the market correction, since she will return to more favourable conditions with a move into one of her ruling signs, Taurus, on 4 March where her energy can express itself more easily. The only blip may be a ‘surprise’ as she meets unpredictable and ‘expect the unexpected’ planet Uranus on 8 March at 3-4° of Taurus.
Full Moon in Virgo
The Full Moon at 19° Virgo (order) on March 8-9 will take place with the Sun and Neptune conjunct in Pisces (confusion). Mercury will end its retrograde motion around the same time, on 10 March. Hopefully, this will be the culmination point or peak of the Coronavirus outbreak with cases diminishing after this point.
Jupiter-Pluto conjunction 4 April (30 June and 12 November)
The final 10 days of March are important as the Jupiter (excess) /Pluto (death and renewal) conjunction is moving to perfect for the first time of three passes on 4 April 2020 (the other two fall on 30 June and 12 November). The last time this conjunction occurred was 11 December 2007 when the last recession began, which was two months after the Dow Jones Industrial Average (DJIA) high on 11 October 2007. The current high in the DJIA occurred on 12 February 2020, around 2 months before this aspect perfects. On 28 February 2020, the DJIA dropped a big 900 points, or over 3 per cent. The Jupiter-Pluto conjunction also coincided with the great influenza epidemic of 1918-1919, known as the Spanish flu.
Mars conjunct Jupiter and Pluto 17/18 to 23 March – a trigger point
Mars joins Jupiter every 26 months or so, highlighting enthusiasm and optimism, albeit it will be more constrained in serious Capricorn. However, with Mars conjunct Pluto, deep, festering anger, and possibly sudden, sharp, aggressive outbursts or explosions can be released, as amplified by Jupiter. Take a step back and consider your actions and how to use your energy so you don’t initially re-act, make rash decisions, go to extremes or be too confrontational.
At a global level, China is the largest outbound travel market, so we are experiencing travel chaos, drastically reducing not only trade but a slowdown of spending in the tourist market, with cruise lines and hotels also hit. Stock is more difficult to get, supply chains are disrupted, shops are emptier – both shelves and of people, people are panic buying and stockpiling groceries, and events are being cancelled.
There is no doubt the astrological indicators are there for a GFC 2, with the strong possibility of societal transformation and an economic restructuring. The world’s economy is currently slowing, and the share market jittery and volatile due to the present and growing fears surrounding the financial impact of the novel coronavirus outbreak; and the share market does not like uncertainty.
Uranus in Taurus: https://astrologyworks.com.au/uranus-enters-taurus-15-may-2018/
Saturn Pluto conjunction: https://astrologyworks.com.au/saturn-conjunct-pluto-in-capricorn-breaking-down-and-building-up/
Jupiter in Capricorn: https://astrologyworks.com.au/jupiter-in-capricorn-december-2019-2020-the-partys-over/