Economy- Inflation/Recession/Depression

Bush: U.S. in midst of serious financial crisis

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2448350420080925?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews&rpc=22&sp=true

Bush warns 'entire economy is in danger'

http://www.breitbart.com/article.php?id=D93DH4SO2&show_article=1

Personal Note: This country is not headed into a ressession, but into a depression. All the news chatter about McCain pulling out of the debate, to go to Washington, DC; in order to find a remedy for this, is wonderful news. He is making the best choice to serve his country, in a critical time of need. Obama, on the other hand, knows that this is the no.1 issue facing the US, still wants to debate. President Bush has extended an invitation to Obama to come and be a part of the process to salvage our econmy. Personally, I think the debate can wait and both candidates, can show their presidential potential,by participating in this much needed meeting over the next 72 hours. How this will end? GOD knows....my trust is in the LORD, for HE holds all the answers.

After yesterday's Black Monday, where the DOW dropped almost 800 points, the market seems to be making a comeback. But, the World Economy is still very much on shaky ground! Banks are still in need of bailouts, where will this all lead? Stay tuned...

Stocks open higher a day after huge drop

http://www.msnbc.msn.com/id/3683270/

Why watch this topic?

Revelation 6:5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. 6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

Revelation 13:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Revelation 18:11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more: 12 The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble, 13 And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men. 14 And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all. 15 The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing, 16 And saying, Alas, alas that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! 17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off, 18 And cried when they saw the smoke of her burning, saying, What city is like unto this great city! 19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

World markets drop amid recession fears
Germany officially in recession; run of bad U.S. corporate news

Excerpt:

In its latest economic forecasts, the Paris-based Organization for Economic Cooperation and Development said gross domestic product was likely to fall by 0.3 percent in 2009 for its 30 member countries, representing democracies with market economies. It said the U.S. economy would contract by 0.9 percent, Japan’s by 0.1 percent and the euro area by 0.5 percent.

Source