US markets are closed on Monday for the Martin Luther King holiday so keep an eye on Brent crude oil in Europe, that will say a lot for tuesdays US markets. US just lifted sanctions against Iran today so expect Iranian oil to flood the market. Libia is also getting ready to export soon also. Both countries trade under Brent crude oil .
The middle east stock markets fell apart after the news of Iran flooding the market. Some down as much as 7+% on the day. http://www.telegraph.co.uk/finance/...k-markets-crash-as-Tehran-enters-oil-war.html
Does this mean a reduction in Islamic terrorism and lower profit margins for Western weapons manufacturers, or will the Iranians step in to replace the Arabs?
I believe this is one of the very last straws that can be hoisted on the world economy's back. I really believe we're coming down the home stretch to this mess. <---- world economy
FOX business lead story... 3 other times in market history has a 10% drop within 6 months happened.... 1929, 2000 and 2008... were in the 4th now edit...I should have written... in the past 100 years, twice within 6 months a 10% drop
http://www.cnbc.com/2016/01/15/a-recession-worse-than-2008-is-coming-commentary.html I believe the most important point Pento makes in this article is that the Central Banks and governments no longer have any tools to combat the accelerating economic malaise. The USA is at a minimum of $18 Trillion in debt, the Federal Reserve holds $4.5 Trillion of worthless derivatives, and the traditional tool of lowering rates is out of the question because they can only go up. The love of mammon is now reaping the whirlwind. May repentance come to millions as the idols fall around us! Lord have mercy! Safe in the Refuge of the Immaculate Heart!
YUP!!! Time to spend those $$$ and Euros on "useful items" for survival and barter!! ................... while they still have some value!! Some worthy from long ago quipped: "Only government can take a perfectly useful commodity like paper, slap ink on it and make it totally worthless!" GOD GUIDE AND SAVE ALL HERE!!
What impresses me is that it is not just indivuals but big global institutions that issue warnings now: http://www.charismanews.com/opinion/54438-high-ranking-world-bank-this-will-be-a-cataclysmic-year
since I logged in, the market dropped almost 100points... 555 ....sweet crude down 2 dollars 26.30 The word at Davos, middle east is the majior cause of down markets. Saudi Arabias largest oil refinery announced last week its going public/market. Qutar, who owns Al Jezera (sp) media USA announced its closing operations/ service in the US . Word is ,low oil prices are hurting OPEC nations...cash is getting low
So weird watching this from the viewpoint of someone with Prophetic understanding. Everything seems to be falling in line as predicted. It is scarey I admit.
World faces wave of epic debt defaults, fears central bank veteran Exclusive: Situation worse than it was in 2007, says chairman of the OECD's review committee http://www.telegraph.co.uk/finance/...debt-defaults-fears-central-bank-veteran.html
I did a double take this morning when I heard one market analyst say that because Russia is so heavily invested in the oil markets they might ramp up their bombings in the middle east, claim it is because they want to fight terrorism, but the real reason would be to cutoff the flow of oil in order to drive the price back up.
I have often wondered what would come first, the global economic crash, followd by global societal and governmental collapse or would it be natural and manmade global disasters, global war or an astronomical crisis?? Or worse yet, all of the above within a very short duration. One thing seems apparent and that is it doesn't seem to be in the distant future any longer.
"Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for mischief," he said. "It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something," "The only question is whether we are able to look reality in the eye and face what is coming in an orderly fashion, or whether it will be disorderly. Debt jubilees have been going on for 5,000 years, as far back as the Sumerians." (William White, chairman of OECD review committee, former chief economist of the Bank of International Settlements) Sounds like he'd either been talking to Pope Francis or reading Jonathan Cahn's The Shemitah... This is surreal.
