Tag Archives: markets

News

Investors and Analysts Predict Market Turmoil Could Threaten Trump’s Re-Election Bid

Monday saw global markets plummet and oil prices fall heavily, as fears around Coronavirus fuel the prospect of a global recession.

Analysts are now warning that if the economy is severely affected by the global outbreak of Corvid-19 it could harm Trump’s re-election bid.

“President Trump’s re-election likely hinges on the economy — a medical and/or economic shock from COVID-19 are arguably the biggest threats to his re-election,” Raymond James analysts said in a note on Sunday, referring to the virus’s official name.

“To preserve the economy and prevent a further market sell-off, it is in the best interest of President Trump to aggressively push for a large-scale fiscal response,” they wrote.

“If we go into recession, history speaks for itself. No sitting president has ever been re-elected in a recession,” said Peter Cardillo, chief market economist for Spartan Capital Securities.

Read More: Newsmax

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CYPRUS BAILOUT DEAL MAY SEE BANK ACCOUNTS TAXED

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The small European island nation of Cyprus faces bankruptcy if they do not receive a €10 billion bailout from Brussels. However, part of the bailout deal under discussion will see a one off levy on all bank savings. The deal will see small saving up to €100,000 taxed at 6%, and deposits over €100,000 taxed at nearly 10%.

The proposals have angered Cypriots who feel betrayed by Brussels and their government. Many see the levy as a way for the eurozone to access the vast deposits in Cyprus made by wealthy Russians. As well as the proposed bank account tax Cyprus also faces the same strict spending cuts and tax hikes Greece has experienced as part of their bail-out deal.

The Cypriot government was due to vote on the bail-out package today, but the vote has been postponed until tomorrow, over fears the government would lose the vote.

The uncertainty caused by the bailout deal has seen markets slide across Europe and America and many have argued that a tax on savings will see investors pulling their money from Europe in general.

Banks in Cyprus will remain closed until Wednesday, over fears of a run on the banks, as people have been withdrawing as much as they can from ATM’S over the last 24 hours.

Read More: BBC

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Why is the German Courts Ruling Important?

The eurozone countries, in their attempts to contain the debt crisis had ratified an agreement to create a permanent bail-out fund, the European Stability Mechanism (ESM), the permanent fund was to be €500 billion ($638.8 billion). However, some German lawmakers said that German involvement in the fund was in breech of their constitution. Today, Germany’s highest court ruled that the fund does not violate the German constitution, thus removing a considerable road block towards solving part of the debt crisis.

The court hearing has caused much uncertainty in European and global markets. Had the German lawmakers ruled to block the bailout fund, it would have sent panic through the global economy, and would have ended the bail-out fund as a rescue vehicle;  Germany is the biggest contributor to the fund, as they are the largest economy in Europe.

However, the German court have placed a limit on Germany’s contribution to the European Stability Mechanism; Germany’s financial liability in the bail-out fund cannot be increased without agreement from the German parliament.  Germany will not sign a blank cheque to Brussels!

News

Market initially rally, but Slump Amid Spanish Debt Fears

After the conservative victory in the Greek election the markets rallied at the opening of trading. However, they soon began to fall again- worries about Spain’s economic position dominating trading.

Spain’s borrowing costs are now so high they are finding themselves locked out of the debt markets. This is despite a bailout of their banking system.

Read more at The Telegraph

News

Euro Up January 2012

All the leading economists and world leaders are saying 2012 will be a difficult year for the world economy. Many are saying events in Europe will have catastrophic effects on the global economy.

After the New Year the Euro seemed to be in a free fall. Markets were jittery. Then God sent His Mantle back into Europe. The Mantle: He is called and appointed for this time to change world events. As a result. while the mantle is in Europe, the Euro has began to climb strongly again. This is having a knock on effect to the stock markets in Europe and America.

This is wonderful news for the global economy, and those who understand these things have a real impact upon our day to day lives… ask the Greeks! However, this mission which is having a real effect has not been paid for by partners yet and therefore this mission may have to end before it is completed. Prophet TV are consistent in following the call of God; but the church is inconsistent and disobedient in supporting the work of God.

God show’s His Prophets what will happen and where to go. It is the job of the church to support the Prophets in the work they do, even if they do not understand that work. If you fail to see the anointing on this ministry,maybe it is time to examine your own heart, not judge and criticise the ministry. Deal with the fear of lack in your life so you can hear God more clearly: fast and pray in tongues until you discern a right spirit.

On this mission we need to go to Luxembourg. Luxembourg is important… even if you cannot see it. No one thought Italy was important before Prophet TV was sent in, now we see that the economic fate of that country is pivotal to us all.

 

 

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Cyber Attack Hits IMF

As well as raising up prophetic warriors, Prophet TV also seeks to educate the church to be equipped in this age so we can be effective in the world as well as spiritually. This is why Prophet TV continues to warn the church to threats posed by hackers.

Last week the IMF was attacked by hackers seeking to gain access to confidential information about world markets. It is thought that the purpose of the attack was to use such information to manipulate the markets for financial gain.

Although the IMF has been a target in the past, this threat is being taken far more seriously, due to it’s level of sophistication. This attack comes after many other high profile companies and organisations have been targeted in resent months by hackers; and shows that the modern day hacker is no longer a teenager sitting alone in his bedroom; but are being carried out by organised groups, with a set agenda and in many cases access to substantial resources (such as the case of the state funded cyber attack on the Iranian nuclear program).

It is important the church is aware of these dangers, and not only takes steps to protect themselves, but also to intercede to protect the organisations in their region from cyber attacks. Security experts say it is only a matter of time before such a cyber attack will seriously affect a nation’s infrastructure resulting in loss of life; or a major company could be brought down. Such threats have this week led the Pentagon to say that if such attack occurs, and the perpetrator is found to be a state funded group, then the attack will be regarded as an act of war.