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| In February, Economic Crash - Carter Conlon | |
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| Topic Started: Jan 3 2010, 12:30 PM (4,009 Views) | |
| Wil | Feb 4 2010, 09:24 PM Post #61 |
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Dow down 268, we'll see what happens from here. http://www.telegraph.co.uk/finance Markets in turmoil as euro fears spiral The health of the global economy lurched from "bad to worse" yesterday, battering stock markets and forcing investors into safe haven stocks and currencies. By Jonathan Sibun Published: 8:43PM GMT 04 Feb 2010 The pound fell to its lowest level against the dollar since mid-October, the euro hit an eight month low against the greenback and the FTSE closed down 2.2pc at 5138.31. Fears of a sovereign debt crisis among Europe's economically weaker nations and disappointing jobless and service sector data in the US hit stock markets on both sides of the Atlantic. The Dow Jones index fell 207 to 10063.55 as investors all but ignored the release of positive retail sales data in the US. Gold traded 2.4pc lower at $1,082.88 per ounce while crude oil was down as much as 5.4pc to $72.86 a barrel. Fears that the Greek debt crisis had spread to Spain and Portugal prompted Julian Callow, European economist at Barclays Capital, to warn that a failure to stamp out the contagion could lead to a "'Lehman-style' tsunami spreading across much of the EU". Investors bought safe haven currencies to protect themselves. "The market is coming to grips with the fact that things are going from bad to worse, so we're seeing flight-to-quality trades – out of euros and into the dollar and yen," said Steven Butler, director of FX trading at Scotia Capital. European shares fell by the most in 10 weeks, with Spanish banks in the eye of the storm amid fears over their financial strength. Santander fell 9.4pc, while the pan-European FTSEurofirst 300 – an index of top European shares – was down 2.8pc, its lowest close since November. In the US, government data showed first-time unemployment benefit claims rose by 8,000 to 480,000 last week, against forecasts of a 10,000 fall. The data came ahead of today's much-anticipated non-farm payroll numbers for January, The pound fell to $1.576 against the dollar, with the euro down at $1.375. The sterling-euro rate was broadly flat. |
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| Wil | Feb 4 2010, 09:33 PM Post #62 |
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Debt fears rattle market By Alexandra Twin, senior writer February 4, 2010: 5:59 PM ET NEW YORK (CNNMoney.com) -- Fears about the fallout from a growing debt crisis in Europe dragged on Wall Street Thursday, sending the market to its lowest close in three months, with stocks hit across the board. The Dow Jones industrial average (INDU) tumbled 268 points, or 2.6%, closing at 10,002.26, its lowest point since Nov. 4. The blue-chip briefly dipped below 10,000 late in the day, falling to that level for the first time since early November. The Dow's decline marked the biggest one-day point loss since March 5 of last year. The S&P 500 index (SPX) sank 34 points, or 3.1%, closing at the lowest point since Nov. 4. The one-day point loss was the biggest since April 20, 2009. The Nasdaq composite (COMP) fell 65 points, or 3%, and closed at its lowest point point since Nov. 6. The one-day point loss was the largest since Feb. 10, 2009. Debt woes propelled the dollar to a more than seven-month high versus the euro, which in turn pummeled dollar-traded commodities such as oil and gold. Treasury prices spiked, lowering yields, in a classic flight-to-safety move. Meanwhile, the VIX (VIX), Wall Street's fear gauge, spiked almost 21%, suggesting investor nervousness was increasing. "A surprise rise in weekly jobless claims ahead of tomorrow's non-farm payrolls report in combination with the sovereign debt issue has got people a bit spooked today," said Mikel Keifer, vice president at Jurika Mills & Keifer. Keifer said concerns about Greece's debt problems have been in play for a while, but now Spain and Portugal are joining the fray. Reports of labor unrest and political problems in the troubled nations are adding to the nervousness. "The worries are coming more to the forefront as market participants wonder if these countries will be able to refinance the debt," Keifer said. ... "The big issue at hand right now is that these European countries are facing debt crises and no one is sure what kind of impact that may have on the global economy," Clark said. http://money.cnn.com/ |
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| Wil | Feb 12 2010, 10:12 AM Post #63 |
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John Galt: China pulled a surprise reserve requirement increase of 50 bps just 30 minutes ago AFTER the Asian markets closed and it has caused a massive switch in psychology in world markets. Our futures have dropped rapidly once indicating a positive opening to now: Dow: -81 S&P: -10 NASDAQ: -14 This was out of left field and the markets were not prepared for this so get ready for another wild day. If we get a major down day with more than 1.5 billion shares traded going into a 3 day weekend Tuesday will be a disaster and the "rally" will just have been what many thought it was, an oversold bounce. Gold is getting creamed also, now down $12 on the news.... |
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| sirlancelot | Feb 12 2010, 09:11 PM Post #64 |
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When he said by February I took it as sometime within February, and he clearly said that we would begin to see how bad things are really getting, what he said is coming to pass as I see it, we got this crazy winter weather, that's gotta take a toll on the economy and food supply I would think. |
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| ndell77 | Feb 12 2010, 09:29 PM Post #65 |
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2 weeks to go on this one. I'm still watching with interest. |
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| Sounding The Trumpet | Feb 13 2010, 04:25 AM Post #66 |
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I don't want to see economic failure, cause that means a lot of people wont eat. I also do not want to see Conlon miss it 2 times within 6 months. If he does, it could mean he is trying to be a voice that God is not giving him. |
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| mephib | Feb 25 2010, 08:54 PM Post #67 |
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My guess, based on this post below and a bunch of other dreams/visions, is that things deteriorate further, as Carter said, and then because of a natural disaster/terrorist strike, things go completely off the rails late summer. Here is a post from http://www.watchmanscry.com/forum/showthread.php?t=8292&page=2#post82374. Hello, my brothers and sisters! I live in Russia, but God is reveling me the same thing on New York city. I even have written a letter to David Wilkerson recentely. Here is what I have written to him: Brother David, My name is Andrey Rasshivaev. I live in S-Petersburg, Russia and am a pastor of a non-denominational church. At the very end of the year of 2007 I have received a revelation from God that the coming 2008 year was going to be the year of the beginning of outpouring of God's judgment upon this world. I told the church about it at the very last Sunday service of 2007. And indeed in the year of 2008 God has struck the financial-economical system of this world. It reminded me like He had struck the Nile river in Egypt. You probably know that inasmuch as in Egypt there was a great lack of rains, the only source of water( and hence the source of economical prosperity) for Egypt was Nile. And that's why this river was struck first. So, if Egypt represents this world, then the Nile represents the economical and financial system of this world. Therefore we can affirm that God's judgment upon this world has started in the 2008 year. About half a year ago God has given me a further revelation. He reveled me that the crisis was just the very beginning. The world is going to face the total and complete economical and financial collapse in August-September of this new 2010 year. This coming collapse will be provoked by very awful, frightful and tragic events that is going to happen in the U.S. As I see it now the N.Y. city is going to be totally destroyed. And it's going to happen unexpectedly, at one day. The whole world will be dipped into chaos and panic. And all those events will be the preparation for the NEW economical system to be built by a ONE world leader-antichrist. This is what the Holy Spirit has moved me to share with you. Hope you know what to do with this... In Christ, your bro. Andrey. |
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| Sounding The Trumpet | Feb 26 2010, 01:48 AM Post #68 |
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I am thankful we have not seen collapse. But sad to see that CC has made another prediction that looks like it will not come to pass 
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| Wil | Feb 26 2010, 02:10 AM Post #69 |
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Specifically what Conlon said didn't happen, so I hope he will now refrain from attaching time periods to what the Lord has been warning him about, Rasshivaev though (thanks Mephib for sharing) was correct about 2008 so his warning is worth considering, especially since we will no doubt see the M.E. war this year which would most likely be the event that cause the "very awful, frightful and tragic events" that he speaks of. NYC I do not believe will meet its end this year though, but he did say "as I see it now" which speaks of his own mind and not the Lord's so unless he clarifies that he did hear from the Lord on this it should be taken for what it is. |
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| Sounding The Trumpet | Feb 26 2010, 02:13 AM Post #70 |
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I do not live in NYC or any big city for that matter, but I would certainly keep my eye on Israel and the Middle East for that matter. I believe it will go down there before the major blows happen in the US. I also believe that our response to pressure on Israel will eventually be a rallying point of revival in our nation. |
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| Sounding The Trumpet | Mar 2 2010, 02:02 AM Post #71 |
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Mr. Conlon or anyone from his church have any comments on the economic crash if February that did not occur? |
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| Earendel | Mar 2 2010, 03:40 AM Post #72 |
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I don't think Mr. Conlon said there was going to be a crash in February, just that by February we should have an idea on how bad it is going to be. Well, he's right on the money....we have a good idea and do you REALLY want to know? read the info in this thread: http://www.watchmanscry.com/forum/showthread.php?p=83639#post83639 |
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Repentance is a rocky road best travelled in the day, when there is light, lest darkness comes, and I stumble in the dark...that is to say the Spirit of God will not always strive with man. I will therefore humble myself before the God of heaven and pray, who has called me with a holy calling...to walk this road of repentance..that leads to eternal life. My Webpage | |
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| Wil | Mar 2 2010, 09:13 AM Post #73 |
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That kind of news and info has been out there now as has been posted in our financial threads here http://all-things-new.net/topic/6516021/1/, http://all-things-new.net/topic/6643300/1/ for a while now and Conlon did seem to give the view that it would have begun to really affect the economy by Feb, quote "That it would be coming this February we really begin to realize how difficult the days ahead of us are going to be. He spoke some on Matthew 24, and this was concerning the winter time. He prayed the poor would not be in the streets in the winter time. This would be merciful. He expresses concern for the poor, and the widows" so I would have to say that he was off in his specific warning here, as nothing new really happened in Feb. to match the alarm of what he stated for it, though of course he is undoubtedly right in what he's been hearing per what's coming. Sounding he did not refer specifically per the Feb. warning, though he did bring up some of the economic news such as the European countries going bankrupt threat. |
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| Sounding The Trumpet | Mar 2 2010, 11:06 AM Post #74 |
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Earendel, So then are you saying about the original statement from Wil concerning Conlon's Word. Wil said: "he stated that the Lord impressed upon him the crash that many have been speaking about WOULD OCCUR NEXT MONTH, it is the FULFILLMENT of a year's worth of warning that the Lord has been speaking to him and that he has been preaching about." |
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