Stocks Are Tumbling Across The World: Wal-Mart Sees Flat U.S. Sales, Euro-Area Manufacturing, Services Contraction Worsens, G20 & IMF Push for Global Fed, Global Currency, Is The Collapse About To Begin? Marc Faber: Global Stock Markets Are On Shaky Ground


10 Things You Need To Know Before The Opening Bell

 

Markets sell-off across the world, Wal-Mart reports earnings

….

Eurozone crisis as it happened: Austerity strike in Greece, as Bulgaria’s government falls

Suddenly Everyone Sells Everything For Dollars: Stocks Fall, Oil Tanks, Gold Gets Crushed, Volume Exploded. Fed Officials Divided On Future of QE. Is the Big Reset Imminent?

Fed Split Over When to Shut Off Cash Spigot 
Fed officials, uneasy with potential risks springing from the central bank’s low-interest-rate policies, are split over an early retreat from the experimental programs created to revive the U.S. economy.

Selloff Rattles Asia’s Bond Market

China Shares Lead Asian Stocks Lower

Italy Bears Brunt as European Stocks Fall

Wal-Mart Sees Flat U.S. Sales

http://online.wsj.com/public/page/news-financial-markets-stock.html?mod=WSJ_topnav_markets_main

We are in serious touble as Wal-Mart which averages 140 million shoppers weekly to its stores had lowest sales. So goes Walmart, so goes the Economy

Wal-Mart: “Families Are Adjusting To A Reduced Paycheck And Increased Gas Prices”

Here is the key section:

“We are confident that our low prices will continue to resonate, as families adjust to a reduced paycheck and increased gas prices,” Simon said. “We see the underlying health of the Walmart U.S. business is sound, and sales trends are similar to what we’ve demonstrated in the last few quarters.

 

Killing the Dollar: G20 & IMF Push for Global Fed, Global Currency

While headline stories about averting the dangers of an international “currency war” dominated news coverage of the recently concluded G20 meeting in Moscow, the real unreported story is that the global gathering of central bankers and finance ministers is pushing forward with their plan for “supersizing” the International Monetary Fund. The end goal is to transform the IMF into a global Federal Reserve, with the ability to flood the world with huge new volumes of loans and currency. It would also wield vast financial regulatory powers.

The IMF’s unit of account, or “currency,” known as a Special Drawing Right (SDR), is being readied for eventual adoption as the replacement for the U.S. dollar in international transactions, to lead the way toward eventual adoption of the SDR or some other designated unit as the global currency, much in the same way that the euro was foisted upon the people of Europe as a replacement of their national currencies.

 

Marc Faber – Major Bottom Forming In Gold But Stocks Shaky

KWN: Today Marc Faber told King World News that a major bottom is forming in gold, but global stock markets are on shaky ground. Faber, who is author of the Gloom Boom and Doom Report, was speaking with KWN as the gold market was in the midst of being smashed on Wednesday. This is part I of a series of powerful written interviews that will be released today on KWN.

Eric King: “Marc, you brought up gold, and I know you recommend 25% in real estate, 25% in gold, etc. Your thoughts on the gold market? It’s just been in this long consolidation for almost 2 years now.”

 

Stocks Tumbling Across The World

Asia Dow

2,997 -49 1.62%
 
Nikkei 225

11,309 -159 1.39%
 
Hang Seng

22,907 -400 1.72%
 
Shanghai

2,326 -71 2.97%
————–
FTSE 100

6,306 -89 1.40%
 
DAX

7,602 -127 1.64%
 
CAC 40

3,649 -61 1.64%
 
FTSE MIB

16,125 -403 2.44%
———–
Dow

13,867 -60 0.43%
Nasdaq

3,135 -29 0.93%
S&P 500

1,503 -9 0.59%
GlobalDow

2,072 -45 2.14%
Gold

1,578 0 0.00%

Oil

92.97 -2.23 2.34%
Did you already share this? No? Share it now: