Friday, September 23, 2011

Updated: Global Economy hits Danger Zone

The world is ‘staring down the barrel’ of a new economic catastrophe, David Cameron said last night.
As panic-selling rocked global stock markets, leading UK companies lost £64billion of their value in the FTSE 100’s worst day since the height of the crisis in spring 2009. [Daily Mail]


News from the world economy in the past 48 hours has dealt a severe blow to hopes that a second global recession can be avoided. It has been so bad that European markets fell by around 5pc on Thursday.

The global economy, as World Bank President Robert Zoellick put it on Thursday, has entered a new "danger zone".  Telegraph UK

 Global stocks plunge - Friday 23 September 2011


Read more: News Au

3 comments:

  1. Hashem is the Provider for all and judges the world on Rosh Hashanah. We should not despair but have faith that Hashem will judge the world for good. Maybe these reports right before Rosh Hashanah is so that the world can do teshuvah and Hashem can judge the world for good and grant that it will be a plentiful, good year for all.

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  2. this is the best thing that could be happening to us, as ALWAYS, for infinite reasons because Hashem is an infinite G-d. 1 reason, that moshiachnow said, in order to help us to do teshuva before Rosh HaShana.

    -Kalman

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