We are living in exciting times. The Signposts point to Jesus soon return.

Wednesday, December 17, 2014

We Just Witnessed The Worst Week For Global Financial Markets In 3 Years

Prophecy Sign:  The coming economic collapse, (a global economic reset)

Want a glimpse of what a crashing economy will look like?  Just read the articles coming out of Russia these day as the Ruble tumbles to obscurity.  The same fate awaits the rest of the world in the not too distance future, (and that future may be much closer than most people realize).

They will say, ‘The fruit you longed for is gone from you. All your luxury and splendor have vanished, never to be recovered.’ The merchants who sold these things and gained their wealth from her will stand far off, terrified at her torment. They will weep and mourn. Revelation 18:14-15 NIV

We Just Witnessed The Worst Week For Global Financial Markets In 3 Years
Is this the start of the next major financial crisis?  The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet.  On June 16th, U.S. oil was trading at a price of $107.52.  Since then, it has fallen by almost 50 dollars in less than 6 months.  This has only happened one other time in our history.  In the summer of 2008, the price of oil utterly collapsed and we all remember what happened after that.  Well, the same patterns that we witnessed back in 2008 are happening again.  As the price of oil crashed in 2008, so did prices for a whole host of other commodities.  That is happening again.  Once commodities started crashing, the market for junk bonds started to implode.  That is also happening again.  Finally, toward the end of 2008, we witnessed a horrifying stock market crash.  Could we be on the verge of another major one?  Last week was the worst week for the Dow in more than three years, and stock markets all over the world are crashing right now.  Bad financial news continues to roll in from the four corners of the globe on an almost hourly basis.  Have we finally reached the “tipping point” that so many have been warning about?
http://theeconomiccollapseblog.com/archives/just-witnessed-worst-week-global-financial-markets-3-years

World set to end year in brittle economic state
The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis. "These are uncertain times again and there is a risk of another global downturn," said Stephen Webster, chief European economist at 4CAST. Poor to mediocre business surveys in Asia and Europe released on Tuesday are likely to put pressure on both the European Central Bank and People's Bank of China to come up with more stimulus.


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