Apophis and the Number 7: Why it May Impact Earth in 2029 or 2036
The great mountain seven stades round, after peace, war, famine, inundation:
It will roll far drowning great countries, even ancient ones, and great foundation.
And the second angel sounded, and as it were a great mountain burning with fire was cast into the sea: and the third part of the creatures which were in the sea, and had life, died; and the third part of the ships were destroyed.
Thus is the case with the giant asteroid Apophis (the Greek name of the Egyptian god of Chaos, Apep, also called The Evil Uncreator), due to next approach our planet on April 13, 2029 and again in late March 2036. After that the intervals between passages lengthen significantly. If Earth is not impacted by Apophis in 2029 or 2036, then the next two flybys that will be as dangerously close are in 2068 and 2105.
On April 13, 2029 it will pass 31,000 kilometers of Earth. The distance is ten times CLOSER than the moon, and even closer than some man-made satellites. The colossal asteroid will skim the Earth from a height at which many of the planet’s spacecraft operate. It will be the closest asteroid of its size in recorded history ... aside from the one that destroyed the dinosaurs. On that date, it will become as bright as magnitude 3, an easy naked eye object assuming it doesn't impact (in which case it will be very bright indeed, briefly). The asteroid is almost as tall as NYC's Empire State Building and would have the explosive force of 750 megatons if it impacted the Earth. For comparison, the largest hydrogen bomb ever detonated had the explosive force of 57 megatons. In terms of natural disasters the 1883 eruption of Krakatoa was the equivalent of roughly 200 megatons.
What is lacking for the great destroyer is a base 7 precedent somewhere in our past. There is none, but by assuring us that Apophis will return again seven years later in 2036, assuming it does not impact earth in 2029, a future precedent is established. By becoming a base 7 event, Apophis also becomes a potentially catastrophic event waiting to happen in EITHER 2029 or 2036.
It is that number 7 that makes it dangerous, not the scientific data.
Regardless of the projections or potential kill/miss ratios, APOPHIS WILL become a BASE 7 EVENT between April 2029 and March 2036. Thus all initial warnings made must be heeded, such as the likelihood that if the colossal giant does not strike Earth in 2029, it will shear our planet's atmosphere and return for a full on impact in 2036. Some destructive heat energy may even be unleashed in 2029 due to the shearing effect.
Even so, scientists have only now been conducting simulation tests to figure out what would happen if Apophis struck our planet or impacted a large city such as New York.
Still, that is only 7 years after the Chelyabinsk meteor entered Earth's atmosphere over Russia on February 15, 2013. The light from the meteor was brighter than the Sun, visible up to 62 miles away. It produced a huge shock wave of about the same force as the bomb dropped on Hiroshima. Over 7,200 buildings in six cities across the region were damaged by the explosion's shock wave, and about 1,500 people were injured seriously enough to seek medical treatment. The only precedent for the Chelyabinsk meteor was the 1908 Tunguska event (June 30). That was 105 (7 x 15) years earlier. Apophis, although not expected to come very close to Earth (supposedly), will pass uncomfortably close in terms of the base 7 interval between February 15, 2013 and January 5, 2020. This is the sort of interval that often occurs in base 7 between two similar events, off by six weeks, a month or two months (or occasionally spot on to the very day).
Perhaps Apophis will in some manner produce a small fragment that will stray quickly to Earth on or near January 5, 2020 ... one that will rival the force and brightness of the 2013 Chelyabinsk meteor. We might think of it as a kind of calling card to remind us of the bigger threat posed by Apophis in 2029 or 2036.
June 24, 2020: It is no longer believed that the asteroid that caused the Tunguska Effect in Siberia on June 30, 1908 created an air burst similar to what occurred in Chelyabinsk in 2013 before crashing into the earth. It is now believed that the asteroid never hit our planet at all. Instead, the mere shearing of earth's upper atmosphere by the Tunguska asteroid produced a shock wave that resulted in nearly 800 square miles in the Siberian forest to be flattened within seconds, then the asteroid shot back out into space. One can appreciate the degree of damage and destruction this shock wave produced:
Tunguska event may have been caused by iron asteroid that went back into space, researchers say
The Tunguska event, a seismic blast that rocked a remote Siberian forest more than a century ago, is believed to have been caused by a meteor that exploded before it hit the ground. A new study sheds more light on the asteroid, noting it may have never actually hit Earth at all.
Meteor that blasted millions of trees in Siberia only 'grazed' Earth, new research says
(Image: © Sovfoto/Universal Images Group via Getty Images) A new explanation for a massive blast over a remote Siberian forest in 1908 is even stranger than the mysterious incident itself. Known as the Tunguska event, the blast flattened more than 80 million trees in seconds, over an area spanning nearly 800 square miles (2,000 square kilometers) - but left no crater.
Unfortunately on April 13, 2029, Apophis will in a similar fashion SHEAR OUR UPPER ATMOSPHERE! The catastrophic damage it will almost certainly cause may be comparable to Tunguska, except it may happen over a habitable, populated part of the planet. Imagine 800 square miles of an area that included New York City, Paris, London, or any other capital city ... or simply a large city anywhere or a populated area outside of a city. It will be nothing less than apocalyptic. If it also passes through Earth's keyhole, it will then return on April 13, 2036 and IMPACT!
We watched in horror because we realized that what happened to king-sized planet Jupiter could one day happen to little old Earth. One of the fragments that hit Jupiter was actually well over a mile in circumference!
Thus, instead of an asteroid impact, we might experience a number of smaller impacts. Maybe many impacts ... like a hail of fire:
Revelation 8:7: The first angel sounded, and there followed hail and fire mingled with blood, and they were cast upon the earth: and the third part of trees was burnt up, and all green grass was burnt up.
Whether or not the asteroid breaks up into fragments completely or partially, or even impacts entirely, the 1994 Shoemaker-Levy 9 precedent indicates something very bad may happen on April 13, 2029, courtesy of Apophis.
NEWS
NASA Says God of Chaos Asteroid Won't Hit Earth for 100 Years at Least
The "poster child" for hazardous asteroids—named after an ancient Egyptian god of chaos—has no chance of striking the Earth over the next 100 years at the very least, according to a new NASA analysis. Prior to the latest analysis, a small chance remained that the space rock, known as 99942 Apophis, could collide with our planet in the year 2068.
Much-feared asteroid Apophis won't hit Earth for at least 100 years, Nasa says
Nasa has given Earth the all clear on the chances of an asteroid called Apophis hitting our planet any time in the next century, having worried space scientists for over 15 years. The 340-metre (1,100ft) chunk of space rock hit the headlines in 2004 after its discovery led to some worrying forecasts about its orbit. It became a “poster child for hazardous asteroids”, according to one Nasa expert.
Asteroid Apophis might strike Earth: 'God of destruction' might strike Earth, scientists warn of disaster - Chaos god asteroid Apophis might strike Earth - BCFocus
Home / World /Asteroid Apophis might strike Earth: 'God of destruction' might strike Earth, scientists warn of disaster - Chaos god asteroid Apophis might strike EarthA single-tidal asteroid is rapidly catching up in a corner of infinite space, and US scientists have warned it could strike Earth.
Sunlight changes Asteroid Apophis' path; will it increase probability of collision?
Asteroid Apophis which was earlier predicted to pass really close to Earth in 2068 but with new calculations by astronomers coming to light. The asteroid's orbit has been disturbed by the heat it is taking from the Sun. This phenomenon is called Yarkovsky effect as it celestial object's path changes due to heat energy being radiated asymmetrically.
Asteroid impact with Earth a 'possibility'
The Apophis asteroid is getting faster as it heads towards Earth according to researchers at the University of Hawaii Institute for Astronomy. Officially it is now under the Yarkovsky effect which means some parts of the asteroid are heating up faster than other parts.
Asteroid Apophis Could Still Hit Earth in 2068, New Study Suggests
Only a small handful of objects are known to pose a serious threat to Earth, and the gigantic asteroid Apophis is one of them. Scientists are now re-evaluating its potential to strike our planet in 48 years, owing to improved observations of the problematic asteroid.
Massive asteroid Apophis on path for Earth impact in 2068
Sixty Six million years ago a 14-kilometer long, Mount-Everest sized asteroid blasted a hole in the ground, when at the moment of impact, the top of it might have still towered more than a mile above the cruising altitude of a 747," writes Peter Brannen in Ends of the World.
Televangelist Pat Robertson says God told him Trump will win, then an asteroid will hit Earth
Televangelist Pat Robertson said on Tuesday that God told him President Trump Donald John Trump Nearly 300 former national security officials sign Biden endorsement letter DC correspondent on the death of Michael Reinoehl: 'The folks I know in law enforcement are extremely angry about it' Late night hosts targeted Trump over Biden 97 percent of the time in September: study MORE will win, and more than five years later an asteroid will hit Earth and "maybe" bring "the end."
Passage of asteroid Apophis near Earth in August is not threatening, expert says
MOSCOW, July 28. /TASS/. Passage of the Apophis asteroid near Earth in August 2020 is not dangerous for humankind. The passage of the asteroid in 2029 won't be threatening either, Vice President of the Russian Academy of Sciences astrophysicist Yuri Balega told TASS on Tuesday.
Asteroid shock: Preacher's bizarre prophecy of 'explosions' and 'deep impact' revealed
In a live broadcast to his more than 335,000 YouTube followers, the preacher linked Asteroid Apophis to passages in Revelation 8:8. Pastor Begley said: "It doesn't matter if it deep impacts us or not. It's too big, that's too close.
NASA asteroid news: Apophis will GRAZE the path of satellites
NASA is already gearing up for the flyby of the asteroid Apophis on April 13, 2029, despite it being almost a decade away. Apophis, which is 340 metres wide, is set to pass Earth at a staggeringly close distance of 31,200 kilometres (19,400 miles) in 2029, and while NASA has ruled out the possibility of it hitting Earth, it will skim the orbital paths of some satellites.
Heads Up, There Is An 1,100 Foot Wide Asteroid Heading Our Way And It's Going To Get Very, Very Close
Mark your calendars. April 13, 2029. That's the day a monstrous 1,100 foot wide asteroid is going to go zooming by Earth at a rather alarmingly close distance from the planet. In fact, when asteroid 99942 Apophis (2004 MN4) buzzes our planet it will be so close that it will actually be visible to the naked eye.
Asteroid warning issued by the Bible? Scripture expert addresses claims of doomsday rock
Asteroid Apophis will come exceptionally close to our planet on April 13, 2029, giving astronomers a chance to study it in great detail. Although scientists have ruled-out any odds of impact, some Christians evangelists believe the 1,200ft-wide (370m) space rock is a biblical harbinger of doom.
Asteroid warning: Bizarre claim Bible warns of deep impact in 2029 - Book of Revelation
The scripture in question reads: "Then the seven angels who had the seven trumpets prepared to sound them. "The first angel sounded his trumpet, and there came hail and fire mixed with blood, and it was hurled down on the earth.
Huge 'God of Chaos' asteroid could be steered onto a collision course with Earth
In less than ten year's time, a huge icy space rock taller than the Eiffel Tower will travel perilously close to Earth. Named after the Egyptian god of chaos, Asteroid 99942 Apophis is big enough to kill tens of millions of people if it were to hit our planet.
LETTER: Is NASA hiding asteroid danger?
Chernobyl in Russian means "Wormwood."Any bearing on the following information? "The Wormwood Prophecy," by Thomas Horn, is God-given to alert all about Apophis, an asteroid named by NASA after an ancient demon already en route to planet earth! NASA could be covering up its potential danger.On hitting its destination, it could poison 1/3 of water per Revelation 8:10.
Asteroid warning: 'God of chaos' Apophis asteroid could cause tsunamis and climate change
A 370-metre wide asteroid known as 99942 Apophis is potentially on a collision course with Earth, and it could cause global devastation if it does hit. The Apophis God of Chaos asteroid is named after the Ancient Egyptian god of evil, darkness and destruction.
Asteroids: Apophis asteroid can potentially cause environmental disasters - EconoTimes
From all the asteroids that have made a close encounter with Earth and passing through the planet's orbit, this may be potentially the most dangerous one yet. In the event that this particular asteroid passes into Earth, then it could result in environmental disasters.
Ufologist Claims Aliens Warned Him Of Earth-Killer Asteroid Apophis' Arrival
Ufologist Billy Meier claimed that aliens have warned him about the destruction that the killer asteroid Apophis will cause on Earth during an impact event. He also said the aliens suggested a way on how to successfully deflect the massive asteroid away from Earth.
NASA predictions wrong? Asteroid Apophis may pull earth to prehistoric ages, claims expert
Michael Horn, a self-proclaimed scientist and official representative for alleged alien contactee Billy Meier has claimed that earth's impact with Apophis asteroid could pull the planet back to prehistoric ages. Horn made these remarks while talking exclusively to Express.co.uk. Contradicting NASA predictions, Horn assured that this rogue space body will definitely hit the earth, causing massive destruction everywhere.
Asteroid warning: Astronomers fear 'God of Chaos' asteroid will strike TWICE in 2029, 2036
Asteroid trackers at the observatory were able to observe the space rock for two days before their views were disrupted by bad weather. As a result of the mishap, there was some uncertainty about the space rock's orbit. NASA has since ruled out any major risk of impact, including on the two dates in 2029 and 2036.
End of the world: Bible scholar's shock claim apocalyptic asteroid strike 'prophesied'
A BIBLE scholar has shockingly claimed to Express.co.uk that an asteroid heading toward Earth has a far greater chance of striking than originally predicted and, when it does, it will be fulfilling a prophecy for the end of the world.
Nasa has started preparing for the arrival of the 'God of Chaos'
Nasa is already preparing for the arrival of a huge asteroid named the "God of Chaos" that will skirt past Earth in 10 years. On 13 April, 2029, people looking towards the sky will see a speck of light streaking across it, which will quickly get brighter and faster.
NASA asteroid WARNING: 1,115ft Asteroid Apophis will skim Earth AS CLOSE as spacecraft
The colossal asteroid will skim the Earth from a height at which many of the planet's spacecraft operate. Asteroid Apophis will swing by from a distance of about 19,000 miles (31,000 km) above the surface. And when the asteroid approaches, it will be visible to the naked eye as a speck of light gradually "getting brighter and faster".
IMPACT of asteroid that will approach Earth in 2029 'CANNOT be ruled out'
Astronomers have calculated the Apophis asteroid will speed past Earth on April 13, 2029, at just 18,600 miles away - a hair's width in astronomical terms. To put that into perspective, the moon is 238,900 miles away.
Mass Sex Slaying of at least 8 Women
Unlike Richard Speck, This Killer will Slay His Wife and Son First
Quand l'adultere blessé sans coup aura merdri la femme & le filz par despit,
ferme assoumee l'enfant estranglera: Huit captifz prins, s'estouffer sans respit.
When the adulterer wounded without a blow will have murdered his wife and son out of spite;
his wife knocked down, he will strangle the child: Eight captives taken, choked beyond help.
Nor can we compare the events in this quatrain with the recent attacks on three Atlanta-area massage parlors where eight people were shot to death by a gunman. Seven of the victims were women, I believe, and one was a male. This case, in turn, is reminiscent of the August 2008 LA Fitness Gym shootings where gym member George Sodini walked in one night and randomly shot 13 women. Three died, the other ten were critically injured.
These ruthless and horrifying events have been classified as "mass murders." Likewise the mass shootings of people attending a country music concert in Las Vegas and the many school shootings over the past two decades have been characterized as "mass murders" as well. The massage parlor and gym murders were also termed as "sexist" as the victims were all or mostly women. There can be no argument about that.
But there is a problem. The nightmarish events of July 1966 carried out by Richard Speck against eight student nurses has also been categorized over the years as a "mass murder" by criminal sociologists. Given the spate of dozens of shootings over the years as being considered "mass murders" the term seems rather weak and only technically accurate when applied to the Speck slayings. Indeed, in 1966, the term used most often in the news was "sex murders" or "sex slayings" and "mass murder" reported as an afterthought.
Nor could the killings be called "serial murders" (a term that would not be in use until the Zodiac murders) as those are sex slayings that occur by one perpetrator (or a collaboration of two) over a period of time ... many months and even years ... in a certain area or even all over the country. I should add that not all serial murders are sexual in nature, but most are.
The case of Richard Speck, therefore, is virtually unique. It is a kind of murder that is much more personal than a mass shooting is, murders involving close physical contact over a period of hours, use of restraints to keep the victims from escaping, false assurances that the victims will be freed after the ordeal is over if they cooperate, and usually also the rape of victims before they are murdered. Victims are usually stabbed or strangled or both ... as was the case with student nurses in 1966. And if the perpetrator isn't caught, he may never again repeat his crimes (unlike the serial murderer).
Some background now about the Richard Speck slayings:
High on alcohol and drugs, Speck threatened and attacked the women with a gun and a butcher's knife, bound and gagged them, then, over the course of the night, raped each one, strangling and/or stabbing each one dead afterwards. A ninth student nurse, Cora Amurao, escaped to testify against him by hiding under a bed while her housemates were killed.
Detectives would find Gloria Davy dead on the sofa, naked and sexually assaulted. Upstairs, Pamela Wilkening had been gagged and stabbed through the heart. Suzanne Farris was in a pool of blood, having been strangled with her own stockings and stabbed 18 times. Mary Ann Jordan was stabbed three times. Nina Schmale was stabbed in a pattern around her broken neck. Valentina Paison's throat had been cut. Merlita Gargullo had been stabbed and strangled. Patricia Matusek was also strangled. The women had been so disfigured that the director of nurses was able to recognize only 3 of them.
Thus, the Speck "Student Nurse Murders" (aka "Richard Speck Sex Murders") are unique in the annals of crime. Often the basis for both A-list and low budget horror films, like Sorority House Massacre, what used to be called "slasher films," these movies would have the viewer believe the student nurse murders have happened many times over the years. But that is simply not so. Again, Speck's crime was unique and has never really been repeated.
But if we look at Nostradamus, Quatrain 8.63, it is clear his crime will be repeated. And it will be even worse: there will be ten murder victims rather than eight. Also, unlike Speck, this killer will be married with one child ... and he will attack both first before going out to murder more.
Something will set the killer off. It says "the adulterer will be wounded without a blow." Someone, probably his wife or else "the other woman," will cause emotional injury ... he will be hurt to the point of homicide. Maybe the other woman will threaten to end the relationship or the wife will want a divorce ... and probably more will be involved to cause such injury.
He will knock his wife down. Her death may be accidental. Then he will proceed to strangle his son to death. His son must be a small boy unable to defend himself. There may be other children in the family, but they are not mentioned. If there are, they are not home when this happens or very small and asleep in another room (in which case their lives are spared for some reason). Then he goes out into the night and takes eight people hostage .... and murders them one by one. This is where the Richard Speck slayings operate as a precedent.
We do not know the gender of the eight victims. But we do know he overpowers them enough that he is able to strangle them one at a time. Speck used a gun to have one of the nurses tie up the other seven. The same thing could happen here. Speck stabbed and strangled his victims. However, in this case, Nostradamus says all eight will be strangled ("choked"). As the adulterer was "wounded" by a woman, I suspect all eight victims will be female again. These will be sex crimes ... but where this will happen is anyone's guess.
I am sure the world will think the crash is somehow linked to the 100 year event, but that's usually not the kind of anniversaries where things happen all over again. Usually a century repetition of history is actually a 98-year repeat (7 x 14 years). Thus there were 98 years between the assassinations of U.S. presidents Abraham Lincoln (1865) and John F. Kennedy (1963).
Thus if 1929 still had any influence on future events, it would cause a Crash of 2027. But the vibes from 1987 (Black Monday) and 2008 are much stronger and in line, making September-October 2029 the more likely vector. One good reason is that the 1987 event was much worse than the 1929 crash ... much, much worse. Yet, unlike 1929, Black Monday failed to plunge the country into a ten-year depression.
In fact it was the 1987 crash that I used to forecast the crash of 2008, an event that was fulfilled live on my main website. The 2008 crash resulted in the Great Recession, but failed to plunge the world economy into a depression as I predicted. So I was right about the crash and I was partially right about the longer term consequences.
But that is twice a major meltdown on Wall Street, both historic, failed to bring about another Great Depression. Perhaps in 2029 we will be as lucky as '87 and '08, but we all know what they say about three strikes in baseball: "three strikes and you're out."
However, this is an extraordinary situation: for the first time in modern history, a disease has caused a stock market crash and may result in a depression. For something like this, there is no precedent, and thus no historical pattern from which it could have been anticipated in advance. Not even most prophecy has directly linked plague with the world economy. But now that it has happened, COVID19 has become a precedent for financial disaster due to pandemics ... something future generations will have to learn from and include in their calculations.
Pandemic drives broadest economic collapse in 150 years: World Bank
The coronavirus pandemic inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said Monday. The world economy is expected to contract by 5.2 percent this year -- the worst recession
US food prices see historic jump and are likely to stay high
DES MOINES, Iowa (AP) - As if trips to the grocery store weren't nerve-wracking enough, U.S. shoppers lately have seen the costs of meat, eggs and even potatoes soar as the coronavirus has disrupted processing plants and distribution networks.
JPMorgan's Bob Michele: U.S. Won't Stabilize For 10 Years Post Virus
J.P. Morgan Chief Investment Officer Bob Michele predicted it will take 10-12 years after the pandemic for U.S. employment to get back to its pre-coronavirus level, insisting it won't be as simple as turning the economy back on. "No, it's not that simple ...
As World Economic Crisis Worsens, Societies Begin to Fall Apart
The unprecedented world economic crisis will inevitably lead to social chaos and the breakdown of law and order and unknown consequences. Lest you think this is an exaggeration, look at what's happening in Lebanon.
IMF slashes growth forecasts, says world will 'very likely' experience worst recession since the 1930s
The global economy will this year likely suffer the worst financial crisis since the Great Depression, the International Monetary Fund said Tuesday, as governments worldwide grapple with the Covid-19 pandemic. The Washington-based organization now expects the global economy to contract by 3% in 2020.
96,845,000: Record Number of Americans Not in the Labor Force
A sign post in the window of a Main Street business in Walnut Creek, California, March 24, 2020. (Photo by Smith Collection/Gado/Getty Images) (CNSNews.com) - The number of Americans counted as "not in the labor force," meaning they did not have a job and were not looking for one, increased by 1,763,000 to a record 96,845,000 in March, the Labor Department's Bureau of Labor Statistics reported on Friday.
Hard Times In Age Of Coronavirus: Quarter Of Americans Have No Emergency Savings - Study Finds
EL SEGUNDO, Calif. - The U.S. economy is currently facing its toughest challenge since the Great Depression, and millions of Americans suddenly find themselves out of work. Financial experts have long advised people to build a savings account for emergencies, but it's fairly safe to say that no one saw a widespread economic emergency of this scale coming.
US payrolls plunge 701,000 in March amid the start of a job market collapse
Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis. It was the first decline in payrolls since September 2010 and came close to the May 2009 financial crisis peak of 800,000.
Dow has best day since 1933 as Congress nears deal on aid
NEW YORK (AP) - The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on Tuesday to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.
Buddy, can you spare a dime? Echoes of '30s in viral crisis?
WASHINGTON (AP) - The imagery floats in sepia-colored photographs, faintly recalled images of bedraggled people lined up for bread or soup. Shacks in Appalachian hollows. Ruined investors taking their lives in the face of stock market crashes. Desperation etched on the faces of a generation that would soon face a world war.
Dow rebounds more than 11% in best day since 1933 as Congress nears coronavirus stimulus deal
The Dow Jones Industrial Average soared on Tuesday, logging its best day in 87 years as investors bet U.S. lawmakers would deliver soon a stimulus bill to rescue the economy from the damage caused by the coronavirus and shutdowns designed to stop its spread. It was a historic bounce coming amid a historic sell-off.
This was the fastest 30% sell-off ever, exceeding the pace of declines during the Great Depression
Twenty-two days. That's all it took for the S&P 500 to fall 30% from its record high, the fastest drop of this magnitude in history. The second, third and fourth quickest 30% pullbacks all occurred during the Great Depression era in 1934, 1931 and 1929, respectively, according to data from Bank of America Securities.
The Worst of the Global Selloff Isn't Here Yet, Banks and Investors Warn
The most brutal stretch for global markets since the financial crisis likely isn't over yet, say investors and analysts who believe it is too early to assess the possible scale of economic damage from the coronavirus. In just a few weeks, U.S. stocks have lost roughly a third of their value.
"All Hell Is About to Break Loose": Could Wall Street's Coronavirus Tsunami Get Worse?
Before sunrise this morning, a normally calm and very senior Wall Street banker texted me: "All hell is about to break loose. No safe havens." His text could not be ignored, coming as it did on the morning after hedge fund manager Bill Ackman 's 28-minute cri de coeur to CNBC yesterday, during which he essentially demanded that the U.S.
Bank of America says the recession is already here: 'Jobs will be lost, wealth will be destroyed'
Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable - it's already here. "We are officially declaring that the economy has fallen into a recession ... joining the rest of the world, and it is a deep plunge," Bank of America U.S.
'D' word rears head as coronavirus-hit markets brace for recession
NEW YORK (Reuters) - The coronavirus shockwaves rippling through U.S. stocks are forcing investors to contemplate outcomes more dire than a recession, including several quarters of declining economic activity, a credit crisis or even a depression. The rising global toll from the pandemic and the uncertainty over how far it may spread has left investors and economists scrambling to gauge the financial fallout.
Stock markets spinning after Fed's emergency coronavirus cuts
Global stock markets are sliding after the Federal Reserve cut its most important interest rates to near zero Sunday evening to help blunt the economic damage from the fast-spreading novel coronavirus. Fed Chairman Jerome Powell called the actions " strong measures," but the emergency rate cut, the second in two weeks -and an unusually large one-percentage-point cut at that - unnerved markets once again.
Stocks post biggest rally since 2008, clawing back some of their coronavirus collapse
Stocks soared Friday as Wall Street rebounded from the sharp losses suffered in the previous session - the worst since the "Black Monday" market crash in 1987. The Dow Jones Industrial Average closed 1,985 points higher, or 9.4%, at 23,185.62. Friday marked the Dow's biggest-ever point gain.
Still, keep an eye on the current situation. A 1987 and 2008 repeat should not be happening now but in 2022 or seven years later ... in 2029.
