More fear and uncertainty surrounding our economy. I think uncertainty is the biggest understatement of the year. It is for these times that God gave us His word so we would not be troubled. We know he is in control and has a plan to keep us from the worst…but we must be watchful.
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Stocks drop as Fed rate-setter rattles investors
LONDON – World markets fell Tuesday after a leading U.S. rate-setter dampened expectations that the Federal Reserve is preparing a massive monetary stimulus next month and amid mounting speculation that China is planning to raised reserve requirements for banks to cool lending.
In Europe, the FTSE 100 index of leading British shares was down 42.51 points, or 0.8 percent, at 5,629.89 while Germany’s DAX fell 33.09 points, or 0.5 percent, to 6,276.42. The CAC-40 in France was 47.70 points, or 1.3 percent, at 3,720.79.
Wall Street is also poised for a lower opening as trading activity picks up following the Columbus Day holiday, which kept bond markets closed and stocks sluggish Monday — Dow futures were down 52 points, or 0.5 percent, at 10,911 while the broader Standard & Poor’s 500 futures fell 6.6 points, 0.6 percent, at 1,155.70.
myBlessedHope 