Prophecy Sign: The coming global economic collapse
They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD's wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin. Ezekiel NIV
9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years
Is the stock market about to crash? Hopefully not, and there definitely have been quite a few "false alarms" over the past few years. But without a doubt we have been living through one of the greatest financial bubbles in
history, and the markets are absolutely primed for a full-blown crash.
That doesn't mean that one will happen now, but we are starting to see some
ominous things happen in the financial world that we have not seen happen in a
very long time. So many of the same patterns that we witnessed just prior
to the bursting of the dotcom bubble and just prior to the 2008 financial
crisis are repeating themselves again. Hopefully we still have at least a
little bit more time before stocks completely crash, because when this market
does implode it is going to be a doozy.
Stocks recover in the close but Dow holds triple-digit loss
U.S. stocks closed down on Wednesday but recovered significantly from historic intraday losses amid concerns about Europe, Ebola and the economy. The Russell 2000 and transports turned positive as stocks came off lows in the last half hour before the close. S&P 400 midcaps also traded higher, and the Nasdaq traded briefly in the green. "The Russell 2000 led the selloff and is actually the first to find the bottom here," Art Hogan, chief market strategist at Wunderlich Securities, said. He also attributed the late-session gains to stabilization in oil prices and high trade volume during the middle of the day.
Greece Is In Full-Blown Stock Market Collapse
As if the world didn't have enough to be worried about (ISIS, Ebola, slowing
China, Ukraine, slowing Germany, Fed tightening, etc.) now look what's back: Greece. And in a big way. The stock market is down over 9% on Wednesday, which is about as big as crashes come. And the banks are getting absolutely smashed. Greece, which had been calm for a while, is now being wracked by two separate but related things. One is the rise in the political popularity of left-winger Alexis Tsipras, the leader of the Syriza party, who if he ever got elected to power would take a much more confrontational stance with the rest of the eurozone with regards to austerity. Meanwhile, a rift is growing between the current Greek government and the rest of the EU as Greece is keen to exit its bailout program. The EU is not so sure. So now the Greek market is getting crushed.
China's Banks Are Getting Ready For A Debt Implosion
Chinese banks are seeing the writing on the wall in terms of the debt they've accumulated, and they are taking measures to protect themselves. The Bank of China is planning the biggest sale of shares ever — $6.5 billion to offshore investors, Bloomberg says. It's all in an effort to create a capital cushion. China's banking system has piled up the most bad loans of any time since the financial crisis, and the banks are preparing for the moment those debts collapse.