Current Events and Links

Stock Market Crashes Again: Proven Indicators Show Bulls Remain In Charge

Sept. 2, 2015 -

The stock market terrified investors again with a 3% plunge Monday, deepening the sell-off from its May 20th high to 10%. Market watchers blamed worries over weak Chinese economic data for inciting the selloff.

Source: Forbes

Significance of the Economy in Prophecy

Stock Markets Have the China Syndrome

Aug. 24, 2015 -

The plunge in U.S. stock markets, along with various bourses around the world, is a result of fears that whatever is happening in China is a portent of worse things to come, and that what happens in China is contagious.

Source: Weekly Sandard

The stock market drop...by the numbers - CNN

Update 8/25/15 - U.S. Stocks Tumble at Close, Dashing Hopes for Relief - Wall Street Journal

Stock market plunge wipes out this year’s gains

Aug.23, 2015 - U.S. stocks suffered their worst week since 2011. Investors were reacting to problems with China's economy and the threat of higher interest rates at home. Pllunging oil prices were also a factor.

The Dow Jones industrial average capped a four-day losing streak by dropping more than 500 points to close at 16,459.75, sinking 10 percent from its May peak and following even steeper market declines in Asia and Europe.

Source: Washington Post

Doomsday clock for global market crash strikes one minute to midnight as central banks lose control

Aug. 17, 2015 - China helped the world survive the economic disaster of 2008, but it now appears to be in deep trouble itself.

The central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations.

Source: Telegraph - UK

What You Need to Know About End-Time Economics - Charisma News

Global Markets Tumble as China Weakens Its Currency Again!

Aug. 12, 2015 -

Markets around the world fell for a second day on Wednesday, with stocks, the dollar and emerging market currencies all under pressure after China pushed the yuan lower again overnight, boosting the appeal of top-rated government bonds.

Source: NewsMax

The Chinese Stock Meltdown That Makes the Greece Saga Look Trivial

July 10, 2015 -

The Shanghai Stock Exchange Composite Index has lost 28 percent since its peak on June 12, the worst selloff in two decades. About $3.9 trillion in market valuation has evaporated.

Source: Bloomberg

The 3 big questions about what happens next in Greece’s debt crisis

July 6, 2015 -

1. Will the ECB let Greece's banks collapse?
2. Will Greece start printing its own money?
3. Will Europe even negotiate with Greece anymore?

Source: Washington Post

EU warns of Armageddon if Greek voters reject terms

July 5, 2015 - Greek citizens are voting today on a referendum based on demands from creditors. If the people reject the terms, the country will effectively be forced out of the European Union. Martin Schulz, the president of the European Parliament, warns:

"Without new money, salaries won't be paid, the health system will stop functioning, the power network and public transport will break down, and they won't be able to import vital goods because nobody can pay."

Greece faces the risk of a unpaid salaries, collapsing medical system, power black-outs, and an import blockade.

Source: Telegraph - UK

Greece referendum: Greeks in decisive vote over debt deal - BBC

The world is defenceless against the next financial crisis, warns BIS - Telegraph - UK

World markets plunge, bank lines grow as Greece financial crisis deepens

June 29, 2015 -

Greece has closed its banks for the week and imposed restrictions on money withdrawals and banking transactions, to keep its financial system from collapsing.

Source: Fox