From James Harkin (Webmaster & Editor of LindseyWilliams.net). There was a great number of comments encouraging news stories to be shared at LindseyWilliams.net, therefore every week I will add a new post with the latest news stories that you need to review. Also, if you have any important news stories please send them to me (James) and I will include them.
Someone also asked for an archive of Past Newsletters. I have gone through all of the newsletters Pastor Williams has asked me to send and compiled a list that is available on the Past Newsletters page.
Latest News From January 15, 2016 to January 21, 2016:
- Walmart to close 269 stores, 154 of them in the US
Walmart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores being shuttered account for a fraction of the company’s 11,000 stores worldwide and less than 1 percent of its global revenue. The closures will affect 16,000 workers, 10,000 of them in the U.S. The announcement comes three months after its CEO Doug McMillon told investors the world’s largest retailer would review its store fleet in amid increasing competition from all fronts, including from online rival Amazon.com.
- Now Tony Blair calls for EU ARMY
The former Prime Minister railed against those who view the ongoing eurozone crisis and current refugee crisis across Europe as the beginning of the end for the continent’s political union. Writing in Newsweek, the ex-Labour premier insisted “European unity has never been more important” with the EU “never more needed and never more in the interests of the countries that make up” the 28-member bloc.
- Dow Plunges More Than 500! Global Stock Market Rout Continues As Panic Begins To Engulf The World
With the Dow tumbling more than 500 points, the global stock market rout continues as panic begins to engulf the world. And there goes the Gold/Oil ratio as it hits another 70-year high! The Gold/Oil ratio had already taken out the high from July of 1973 (33.69), and today it is now trading at 36. Again, people will see gold float across the ticker at roughly $1,100 and think it’s weak but it’s actually trading quite strong vs key commodities such as oil.
- Recession Imminent As Business Inventories-To-Sales At Cycle Highs
Just as Wholesale inventories-to-sales ratios flash recessionary signals so Business inventrories-to-sales point to US heading towards an inventory-dump recession. At 1.38x, the ratio is the highest since the last crisis as both sales and inventories fell Mom but year-over-year, sales tumble (-1.4% YoY) and inventories rise (1.6% YoY).
- Empire Fed Crashes At Fastest Pace “Since Lehman”
Against hope-strewnm expectations of a bounce from -4.6 to -4, Empire Fed printed a disastrous -19.37 – the largest miss on record. New orders collapsed, shipments plunged, and employees and workweek continue to contract. Forward-looking employment expectations also plunged. The last time Empire Fed crashed to these levels was the immediate aftermath of the Lehman bankuptcy and the global financial crisis and the peak of the recession in 2001… but we are sure this is just transitory.
- Prepare for the Post Pax-Americana era, says Citi
Citi’s view is pretty stark. The international system could be facing a crisis of cohesion due to the lack of a compelling replacement. The US is still powerful by many means, of course. But the American value system, the thing which helps transform such power into economic prosperity, is reaching the limits of its influence. Cultures further afield simply are not prepared to assimilate themselves in the same way. And, at the same time, we haven’t found a wealth creating system as good as the American one. At least not yet. (Also available HERE)
- ‘Currency instability’ now a serious concern for Canada
Canada’s economy is being threatened by “currency instability” as the loonie’s rapid decline against the U.S. dollar is hurting business and consumer confidence, economists warn.
- Half of U.S. Fracking Industry Could Go Bankrupt as Oil Prices Continue to Fall
So the slide continues with no end in sight. As expected this morning, the oil price has fallen below $28 a barrel on the back of the historic news over the weekend of sanctions being lifted on Iran. This is the lowest level for oil since 2003.
- Global stock markets fall amid oil rout
Wall Street shares eased back from earlier losses on a day of turmoil on global markets when the plunging oil price again panicked investors. The Dow Jones and S&P 500 indexes closed 1.56% and 1.2% down, after tumbling more than 3% earlier. The main European stock exchanges also slid to a 15-month low. Analysts say investors fear low oil prices reflect a fall in demand for fuel which could be a sign that growth in the global economy is slowing down. The falls in Europe and the US came after Asian stocks closed sharply lower. Markets in Dubai closed at a 28-month low, while in Japan shares fell to their lowest level since October 2014.
- FTSE 100 Dips Below 5,700 In Renewed Slump
The FTSE 100 has fallen sharply after the world oil price slump and fears over China prompted a renewed share sell-off. London's leading share index dipped below the 5,700-mark as it shed 3.5% of its value, or 203 points, in a volatile session which knocked £52bn off the value of constituent companies by the close. The FTSE 100 has had a grim start to 2016, having lost more than 500 points in just the first few weeks of the year. It is a far cry from its all-time high less than a year ago, when it topped 7,100, and the index is now trading at its lowest levels since November 2012.
- World faces wave of epic debt defaults, fears central bank veteran
The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. “The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, the Swiss-based chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS).
- ALERT: Gerald Celente Warns $6 Trillion Global Stock Market Carnage Just A Prelude To The Disaster That Lies Ahead
“Rarely do I ever put a date on market crashes. I did it in 1987 when I forecast the 1987 stock market crash — that was in the Wall Street Journal. I also forecast the ‘Panic of 2008,’ and the ‘dot-com bust’ in October of 1999, when I said it (the dot-com mania) would fail in the second quarter of 2000. Eric, I’m now predicting that we are going to see a global stock market crash before the end of the year. It’s not only going to be the Dow, it’s going to be the DAX, the FTSE, the CAC, Shanghai, and the Nikkei. There’s going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil. You are going to see one market after another begin to collapse.”
- Is $2.2 Trillion in Losses in U.S. Stocks in 2016 the End?
Investors may have felt better after Wednesday's selling panic was met with a buying frenzy, but there are still many tales of caution that long-term investors and short-term traders alike need to consider. As long as China and oil have the stock and bond market by the neck, things can be expected to remain more than just volatile. If this is the start of a bear market, let alone a recession, then things in the stock market could get a lot worse before they get better.
- Fears grow of repeat of 2008 financial crash as investors run for cover
Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens by investors. Oil prices fell to a fresh 12-year low on Wednesday and metal prices tumbled in response to warnings that China’s slowdown could derail the global recovery at a time when central banks, which came to the rescue in the credit crunch, have only limited firepower. As world and business leaders gathered for the annual World Economic Forum in Davos, Switzerland, the FTSE 100 was gripped by panic selling, especially of mining and oil companies that have been hit hard by the global slowdown in manufacturing and trade. Earlier this week, China recorded the slowest rate of economic growth for 25 years.
- Market turmoil: Where is it all heading?
Crashing oil prices. Plunging markets. The comparisons to 2008 — the prelude to global depression — are piling up. In the West, the turmoil is largely being experienced as fear. But in emerging markets such as Russia, China and Brazil, economies are being hit as currencies tumble in value. So are we heading for another crash and what does the future hold for the world economy?
- Fresh Market Turmoil As Asia Heads Lower
Markets in Asia have turned lower in another volatile session a day after steep share price falls across the globe. Stocks surrendered early gains with the Nikkei in Japan closing 2.4% down to extend a decline from the previous day while China's CSI 300 Index fell 2.9%. Earlier, Wall Street had closed in the red too though recovering from mid-session lows. The S&P 500 was off 1.2% having been down as much as 4% during the day. It followed steep declines in Europe which saw the FTSE 100 drop into “bear market” territory – meaning it was more than a fifth off its peak level less than a year ago.
- ALERT: Wednesday’s Global Selloff Triggers Shocking Panic Readings Similar To 1987 Stock Market Crash!
Jason Goepfert at SentimenTrader: Selling has become indiscriminate. Among securities traded on the NYSE, more than 40% traded down to a fresh 52-week low on Wednesday, among the highest readings in history. On an intraday basis, the selling volume was more lopsided on a 1- and 10-day basis than any other day in 65 years other than two other dates, though that eased greatly by the time markets closed.
- The Global Economy's Shifting Center of Gravity in 11 Charts
These charts tell the story of global growth through data. They are colored by continent (North/Central America, South America, Europe, Africa, Asia, Australia, Other) and sortable across multiple variables, starting with longitude. Any story about global growth starts with Asia. China, India and other emerging markets are known as fast-growing, but in terms of pure population, they are barely keeping pace.
Precious Metals Are The Only Lifeboat! Only last month I WARNED you what was happening in the gold market and why you needed to convert your paper assets to physical gold and silver by the middle of September 2015. Now, we are currently in global financial meltdown, with no end in sight. You have no more time. You need to hedge against the financial instability with physical gold and silver. Call the experts to help you convert your IRA or 401k into Gold, Silver and Other Precious Metals. Call GoldCo NOW before it's too late! Call Toll-Free 1-877-414-1385.
This is part 11 of a series of 12 informative videos on how to cope with all the damage COVID brings. Where Pastor Lindsey Williams interviews Rodrigo Rodriguez, MD, founder of BioCare Hospital and Wellness Center. Call BioCare Now: 1-800-262-0212 Website: International BioCare Hospital and Wellness Center Pastor Lindsey Williams Hi, this is Lindsey Williams. […]
This is part 10 of a series of 12 informative videos on how to cope with all the damage COVID brings. Where Pastor Lindsey Williams interviews Rodrigo Rodriguez, MD, founder of BioCare Hospital and Wellness Center. Call BioCare Now: 1-800-262-0212 Website: International BioCare Hospital and Wellness Center Pastor Lindsey Williams Hi, this is Lindsey Williams. […]
This is part 10 of a series of 12 informative videos on how to cope with all the damage COVID brings. Where Pastor Lindsey Williams interviews Rodrigo Rodriguez, MD, founder of BioCare Hospital and Wellness Center. Call BioCare Now: 1-800-262-0212 Website: International BioCare Hospital and Wellness Center Pastor Lindsey Williams Hey, this is Lindsey Williams. […]