World stocks plunge on growing recession fears

MILAN (AP) — Global stocks fell again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe’s debt crisis, which is stoking acute fears over the continent’s banking sector.

However, a better than anticipated opening on Wall Street helped European markets recoup a large chunk of their earlier losses.

“This week has seen a continuation of the trend of weaker than expected data and political reaction to the European problems which pretty much amounts to ‘Let’s have a get together a couple of times a year,’ ” said Gary Jenkins, an analyst at Evolution Securities.”

Britain’s FTSE 100 lost 0.7 percent to 5,056, while Germany’s DAX fell 2.1 percent to 5,483. France’s CAC-40 was down 1.2 percent at 3,041.

In the U.S., the Dow Jones industrial average was down 0.6 percent at 10,931 while the broader Standard & Poor’s 500 index fell 0.1 percent at 1,140. Futures markets had been predicting far bigger declines earlier.

The market turmoil of the last two days has dashed any hopes of a quiet second half of August — a normally quiet period when trading dries up until the U.S. returns from the Labor Day holiday in early September.

Financial markets have wrestled for several weeks with fears that a new recession in the U.S. is in the offing. Another round of soft economic data further spooked investors all round the world. A woeful manufacturing survey Thursday from the Federal Reserve Bank of Philadelphia renewed U.S. recession fears in particular. – Yahoo.com

[ The Coming of the Son of Man ] “Then there will be signs in the sun, moon, and stars; and there will be anguish on the earth among nations bewildered by the roaring sea and waves.”

You’ve seen the signs in the heavenly three, and that of the “roaring sea and waves” is representative of the people roaring, and the waves of discontent they ripple their governments with. As the financial collapse has effected all nations because all followed suit, so to will all feel the ripples of discontent as the domino effect takes place.

Where past greed by the Egyptian government is the cause of the Egyptian crisis, the United States, though also a government that has fuel greed among the elite, and squandered the wealth of its citizens by treating them as second class subservient workers to fuel the pocketbooks of other nations, it will fall into discontent because of its large debt being called upon to be paid to the nations it has borrowed from.

As the hidden insolvency comes to light due to the coming revelation that the gold reserve is depleted, all programs will be cut, and when no money is being used to quell those on hard times, the people will take to the streets and follow the pattern set by Egypt, because EGYPT is the setting for the reflection of the past when Moses delivered Yahweh’s children out of slavery.

Satan will lose this throne and gain another in the his installment to that of the European Union whom will issue the World currency that will soon come into existence.

You are each watching the pieces of the jigsaw puzzle fall into place.

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