PCG Reports “Stock Markets Plunge Around the World”

Yesterday, PCG reported the following:

Investors’ fears of a U.S. recession is causing stock markets to plunge around the world, according to the International Herald Tribune:

Global stock markets plunged Monday as fears spread that the contagion in U.S. mortgage markets was spreading. Indexes in Europe fell as much as 7 percent after a massive sell-off in Asia.

“There’s something approaching panic in the market,” Holger Schmieding, the chief European economist at Bank of America in London, said by telephone. “There’s been a reassessment in the market of the U.S. economic outlook, with most people now thinking that there will be a recession,” and investors are starting to reconsider the idea that the rest of the world “will remain aloof from U.S. problems.” …

Investors in Asia have been in a state of denial about the possibility of a U.S. recession, said Adrian Mowat, chief strategist for JP Morgan in Asia. But now, he said, “there’s no debate about it.” Instead, he said, investors were asking “how long and how deep” the recession might be.

The Japanese Nikkei 225 index fell 3.9 percent, the mainland Chinese index more than 5 percent. In Europe, the Dow Jones Eurostoxx 50 was down 5.1 percent and in the UK the ftse 100 was down 3.4 percent. With American stock markets closed due to Martin Luther King Jr. Day, they are yet to react to this global crash.
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Comments by COGwriter

As of the first thing this morning, the three major American market indexes (Dow, Nasdaq, & S&P 500) were all down–though that may change later today.

The facts are that the world economy is shaky as is the USA’s. However, the Bible shows that the Europeans will vastle improve theirs, but that the economy of the debtor English-speaking nations (USA, Canada, Australia, and New Zealand) will eventually be destroyed (though not this year, contrary to the claims of several). Nations aligned with the future European power will generally see their economies improving before the final end.

Several articles of related interest may include:

Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? What is prophesied to happen to the English-speaking peoples?
The Arab World In the Bible, History, and Prophecy The Bible discusses the origins of the Arab world and discusses the Middle East in prophecy. What is ahead for the Middle East and those who follow Islam?
Africa: Its Biblical Past and Prophesied Future. What does the Bible teach about Africa and its future? Did the early Church reach Africa?
Asia in Prophecy What is Ahead for China? Is it a “King of the East”? What will happen to nearly all the Chinese and others of Asia?
Japan, Its Biblical Past and Future, Part 2: Prophecy Japan in prophecy. What is prophesied for Japan. Will God save the Japanese?