Posts Tagged ‘Dow Jones’

Pernel’s 2008 Economic Psychic Predictions Coming True

September 17, 2008


*Things will heat up between the United States and Russia as well as a couple other countries.  New tensions will begin to cause some real concerns.

Update: August 16, 2008 – U.S.-Russia Tensions High While Georgia signed a cease-fire, Russia made additional threats to U.S. allies. Georgia’s President blasted the West for failing to act as Russia still occupies Georgian cities. CBS News



Update: Sept 17, 2008 – Attack on U.S. Embassy in Yemen kills 16. SAN’A, Yemen – A car bomb targeting the U.S. Embassy hit the front gate of the compound in Yemen’s capital Wednesday, a U.S. spokesman said. A senior Yemeni security official said six Yemeni guards and four civilians were killed. Reuters reported that six attackers were also killed in the blast. AP News

* The economy will take another sharp downturn and we will be on the verge of a Depression.  Many people will lose their jobs and work will be hard to find.  The dollar will reach a point of being almost totally worthless against foreign currency. 

Update: Sept 5, 2008 – U.S. Payrolls Fell 84,000; Jobless Rate Jumps to 6.1%. Sept. 5 (Bloomberg) — The U.S. lost more jobs than forecast in August and the unemployment rate climbed to a five- year high, heightening the risk that the economic slowdown will worsen. Bloomberg

Update: Sept 15, 2008 – Epic Selloff: Dow Plummets 504 Points – The Dow suffered its worst percentage loss in more than six years Monday as the markets were slammed by an historic weekend that left Wall Street without financial giants Lehman Brothers and Merrill Lynch, Fox Business

Update: Sept 17, 2008 – Feds Seize Control of Ailing Insurer AIG. WASHINGTON (Sept 17) – The U.S. government stepped in to rescue American International Group  Inc., one of the world’s largest insurers, with an $85 billion injection of taxpayer money. Under the deal, the government will get a 79.9 percent stake in AIG  and the right to remove senior management.


It was the second time this month the feds put taxpayer money on the hook to rescue a private financial company, saying its failure would further disrupt markets and threaten the already fragile economy. AP News


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