JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER. 1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
CENTRAL BANKERS LENDER-BIS
https://www.bis.org/
FED CENTRAL BANKERS MEETING - JACKSON HOLE
http://ift.tt/1hji3hr
http://ift.tt/1SARIdh
IMF
http://ift.tt/OqHTPH
WORLD BANK
http://ift.tt/wHpH1o
BANKING UNION BEFORE EURO ADOPTION
http://ift.tt/1WEGBlD
REVIEW SDR -RESERVE IMF CURRENCY
http://ift.tt/1JijZS3
http://ift.tt/1SMxiAs
http://ift.tt/1gioHw6
http://ift.tt/1DrtLkd
http://ift.tt/1K64vRK
http://ift.tt/1Egc7jG
http://ift.tt/1F4FVuG;
CHIP UNDER THE SKIN
https://www.youtube.com/watch?v=LZ0YPDYx6lU
https://www.youtube.com/watch?v=kI-RAMBPz6w
https://www.youtube.com/watch?v=EcHQGno4EHQ
https://www.youtube.com/watch?v=HdxfG5MDk0I
https://www.youtube.com/watch?v=KatuQlioeRg
https://www.youtube.com/watch?v=9j9YHTwbPLo
https://www.youtube.com/watch?v=2DcAOkSUFlU
BIDEN AND CHIP IMPLANT-u will vote on it
https://www.youtube.com/watch?v=FQw68jl7KXc
https://www.youtube.com/watch?v=RvYnWBdmcQk
HUMAN CENTRIC SENSING
http://ift.tt/1X84rX3
INTERAC
http://ift.tt/1Jtc7tE
http://ift.tt/1X84p1h
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
UPDATE-SEPTEMBER 02,2015-12:00AM
DOW MARKET WEDNESDAY-SEPT 02,2015
09:30AM-
10:00AM-
10:30AM-
11:00AM-
11:30AM-
12:00PM-
12:30PM-
01:00PM-
01:30PM-
02:00PM-
02:30PM-
03:00PM-
03:30PM-
04:00PM-
China should clearly explain policies to markets - U.S. Treasury-Reuters – sept 1,15-yahoonews
WASHINGTON (Reuters) - The Obama administration on Tuesday urged China to carefully explain its policy changes to financial markets and to shift its economic focus towards consumer spending so that its economy can keep growing."Critical to China's success is moving forward with market oriented reforms while at the same time carefully communicating policy intentions and actions to financial markets," a senior Treasury official said in a briefing ahead of a meeting of the Group of 20 major economies."(China's) transition towards domestic demand is not only fundamental to China meeting its G20 commitments but also to China being able to continue to grow in the future."(Reporting by Jason Lange; Editing by Chizu Nomiyama)
French minister: Rich EU states should transfer money to poorer members-"Status quo leads to self-destruction," says Emmanuel Macron.-By Eric Maurice-euobserver
BRUSSELS, 31. Aug, 09:29-French economy minister Emmanuel Macron is calling for "a new foundation of Europe", with a more integrated eurozone and fiscal transfers between richer and poorer countries."Status quo leads to self-destruction," he said in an interview with Germany's Sueddeutsche Zeitung."Political and economical centrifugal forces are too strong" not to change things, he added.Macron is proposing the creation of a euro commissioner with "extended powers" over the single currency, EU economy and finances, as well as employment and investment policies.This super-commissioner would manage an increased EU budget to protect member states from financial shocks and foster investments."The higher the budget is, the more credible Europe is," Macron said, adding "we need a big leap".He also suggests the eurozone should have its own parliament, composed of "MEPs who belong to eurozone countries".-New treaty-"We can already prepare the modifications of EU treaties", and implement them after the French and German elections in 2017, the French minister said."In 2018 or 2019, Europe would stand on a new, better basis".But this vision, he notes, "breaks a German taboo" on the issue of transfer union."If the member states, like before, are not ready for any kind of financial transfers in the monetary union, we can forget the euro and the eurozone," he said."There cannot be a monetary union with no financial equalisation. The strong must help".Macron's interview follows proposals made by French president Francois Hollande in July for a more integrated eurozone.But he has dropped Hollande's idea of a "eurozone vanguard", while including the controversial transfer union proposal.Whether Macron is acting as Hollande's messenger to speak to Germany's government and public opinion, or trying to boost his own stature at the European level, is unclear.The 37-year old minister ruffled feathers in France last week when he criticised the 35-hour week, saying that "the left was wrong when it thought France would be better if it worked less".The comments embarrassed Hollande's socialist government.
Economy shrinks in second quarter, pushes Canada into technical recession-The Canadian PressBy Andy Blatchford, The Canadian Press | The Canadian Press – sept 1,15-yahoonews
OTTAWA - Canada's economy hit reverse for the second straight quarter of 2015 — knocking the country backwards into its first technical recession in six years, fresh Statistics Canada data revealed Tuesday.But the data suggests the recessionary dip could, perhaps, already be something of the past.The federal agency said real gross domestic product contracted at an annual pace of 0.5 per cent in the April-June quarter, which followed a revised decline of 0.8 per cent in the first three months of 2015 from its original estimate of a 0.6 per cent drop.However, there were positives tucked in the highly anticipated figures that almost immediately echoed on the campaign trail.The second-quarter drop was only half as steep as a consensus of economists had predicted and there was evidence that the decline had finally bottomed out.Canada's GDP climbed in the month of June by 0.5 per cent after shrinking over the first five months. The last time the economy experienced a one-month gain of at least 0.5 per cent was July 2013 when it grew by 0.63 per cent.That June increase was led by a 3.1 per cent boost in natural resources extraction — the category's first gain following seven consecutive months of decline."There's nothing to cheer about in the Canadian GDP numbers, but there's no reason for any more booing than we've already had," CIBC chief economist Avery Shenfeld said Tuesday."The economy is contracting through the first half of the year, but the solid gain in June suggests that we'll at least get a breather with a return to growth in the third quarter."The new batch of data added fuel to the heated, ongoing political debate over how best to respond to the weakened economy as parties battle for support ahead of the Oct. 19 federal election.On Tuesday, Prime Minister Stephen Harper, whose Conservative party has pinned its re-election hopes on its economic record, tried to highlight the positives in the new data."The Canadian economy as a whole is now growing, according to the June figures," Harper told reporters."That is the reality of the situation — it is good news."He also reiterated his stay-the-course mantra, insisting the country must ride out external economic and market turbulence whipped up in places like China.The Tory leader has frequently cited forecasts that predict the economy will rebound in the second half of the year, including a projection by the Bank of Canada.The central bank, however, has downgraded its growth forecast for 2015 and cut its trendsetting interest rate twice this year to cushion the blow of low crude prices.The hobbled economy has so far shaped up to be the primary issue of the campaign — and Harper's opponents have used his record as a bull's-eye for their attacks.The last time the economy contracted over two consecutive quarters was in 2009 during the Great Recession, when GDP pulled back by 8.7 per cent in the first quarter and 3.6 per cent in the second.Drilling deeper into the second-quarter data, the numbers showed the decline in the economy reached beyond natural resources extraction, which contracted by 4.5 per cent.Business investment in machinery and equipment dropped 4.6 per cent while non-residential structures fell 2.3 per cent, the third straight quarterly decline.On the growth side, a considerable amount of the gain in the quarter came from household consumption — rising by 0.6 per cent — at a time when interest rates remained low. As a result, the household savings rate declined.Exports also crept up in the second quarter by 0.1 per cent after contracting for two consecutive quarters. Meanwhile, positives in the June data suggest the expected turnaround forecasters have been banking on could be underway.On a monthly basis, Statistics Canada said wholesale trade rose by one per cent in June after a 1.1-per-cent decrease in May and a 1.6-per-cent in April.Manufacturing output rose by 0.4 per cent after contracting by 1.6 per cent in May.The finance and insurance sector grew by 0.7 per cent in June and the arts and entertainment industry rose by 6.4 per cent, thanks in large part to Canada's role as host of the FIFA Women's World Cup."While a technical recession was confirmed, its amplitude is relatively mild and there is every suggestion that it has already ended," Jimmy Jean, an economist with Desjardins Capital Markets wrote in a note to clients.Shenfeld said, however, while the early signposts are positive, the further retreat in oil prices recently could lead to continued pullback in capital spending in the energy sector."It's not like we're out of the woods yet," Shenfeld said.The quarterly reading Tuesday is also expected to intensify the economic debate over the term technical recession.Harper has side-stepped campaign-trail questions about whether Canada was in recession this year. He also declined to define a recession when asked about it earlier this week, saying he thought it was more important to "describe the reality of the situation rather than to have labels."Shenfeld said it's one thing to call it a "technical" recession, but he noted that any recession he's ever seen in historical data has also had a decline in employment."We haven't yet seen a net decline in employment that would characterize every recession that Canada has ever had," he said.Follow @AndyBlatchford on Twitter.
OTHER STORIES
http://ift.tt/1JvuMqM
http://ift.tt/1NI76nh
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://ift.tt/1LT1dn0
http://ift.tt/1Jtc7tK
http://ift.tt/1U9LpQY
http://ift.tt/1MTz535
http://ift.tt/1PQExC9
CENTRAL BANKERS LENDER-BIS
https://www.bis.org/
FED CENTRAL BANKERS MEETING - JACKSON HOLE
http://ift.tt/1hji3hr
http://ift.tt/1SARIdh
IMF
http://ift.tt/OqHTPH
WORLD BANK
http://ift.tt/wHpH1o
BANKING UNION BEFORE EURO ADOPTION
http://ift.tt/1WEGBlD
REVIEW SDR -RESERVE IMF CURRENCY
http://ift.tt/1JijZS3
http://ift.tt/1SMxiAs
http://ift.tt/1gioHw6
http://ift.tt/1DrtLkd
http://ift.tt/1K64vRK
http://ift.tt/1Egc7jG
http://ift.tt/1F4FVuG;
CHIP UNDER THE SKIN
https://www.youtube.com/watch?v=LZ0YPDYx6lU
https://www.youtube.com/watch?v=kI-RAMBPz6w
https://www.youtube.com/watch?v=EcHQGno4EHQ
https://www.youtube.com/watch?v=HdxfG5MDk0I
https://www.youtube.com/watch?v=KatuQlioeRg
https://www.youtube.com/watch?v=9j9YHTwbPLo
https://www.youtube.com/watch?v=2DcAOkSUFlU
BIDEN AND CHIP IMPLANT-u will vote on it
https://www.youtube.com/watch?v=FQw68jl7KXc
https://www.youtube.com/watch?v=RvYnWBdmcQk
HUMAN CENTRIC SENSING
http://ift.tt/1X84rX3
INTERAC
http://ift.tt/1Jtc7tE
http://ift.tt/1X84p1h
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
UPDATE-SEPTEMBER 02,2015-12:00AM
DOW MARKET WEDNESDAY-SEPT 02,2015
09:30AM-
10:00AM-
10:30AM-
11:00AM-
11:30AM-
12:00PM-
12:30PM-
01:00PM-
01:30PM-
02:00PM-
02:30PM-
03:00PM-
03:30PM-
04:00PM-
China should clearly explain policies to markets - U.S. Treasury-Reuters – sept 1,15-yahoonews
WASHINGTON (Reuters) - The Obama administration on Tuesday urged China to carefully explain its policy changes to financial markets and to shift its economic focus towards consumer spending so that its economy can keep growing."Critical to China's success is moving forward with market oriented reforms while at the same time carefully communicating policy intentions and actions to financial markets," a senior Treasury official said in a briefing ahead of a meeting of the Group of 20 major economies."(China's) transition towards domestic demand is not only fundamental to China meeting its G20 commitments but also to China being able to continue to grow in the future."(Reporting by Jason Lange; Editing by Chizu Nomiyama)
French minister: Rich EU states should transfer money to poorer members-"Status quo leads to self-destruction," says Emmanuel Macron.-By Eric Maurice-euobserver
BRUSSELS, 31. Aug, 09:29-French economy minister Emmanuel Macron is calling for "a new foundation of Europe", with a more integrated eurozone and fiscal transfers between richer and poorer countries."Status quo leads to self-destruction," he said in an interview with Germany's Sueddeutsche Zeitung."Political and economical centrifugal forces are too strong" not to change things, he added.Macron is proposing the creation of a euro commissioner with "extended powers" over the single currency, EU economy and finances, as well as employment and investment policies.This super-commissioner would manage an increased EU budget to protect member states from financial shocks and foster investments."The higher the budget is, the more credible Europe is," Macron said, adding "we need a big leap".He also suggests the eurozone should have its own parliament, composed of "MEPs who belong to eurozone countries".-New treaty-"We can already prepare the modifications of EU treaties", and implement them after the French and German elections in 2017, the French minister said."In 2018 or 2019, Europe would stand on a new, better basis".But this vision, he notes, "breaks a German taboo" on the issue of transfer union."If the member states, like before, are not ready for any kind of financial transfers in the monetary union, we can forget the euro and the eurozone," he said."There cannot be a monetary union with no financial equalisation. The strong must help".Macron's interview follows proposals made by French president Francois Hollande in July for a more integrated eurozone.But he has dropped Hollande's idea of a "eurozone vanguard", while including the controversial transfer union proposal.Whether Macron is acting as Hollande's messenger to speak to Germany's government and public opinion, or trying to boost his own stature at the European level, is unclear.The 37-year old minister ruffled feathers in France last week when he criticised the 35-hour week, saying that "the left was wrong when it thought France would be better if it worked less".The comments embarrassed Hollande's socialist government.
Economy shrinks in second quarter, pushes Canada into technical recession-The Canadian PressBy Andy Blatchford, The Canadian Press | The Canadian Press – sept 1,15-yahoonews
OTTAWA - Canada's economy hit reverse for the second straight quarter of 2015 — knocking the country backwards into its first technical recession in six years, fresh Statistics Canada data revealed Tuesday.But the data suggests the recessionary dip could, perhaps, already be something of the past.The federal agency said real gross domestic product contracted at an annual pace of 0.5 per cent in the April-June quarter, which followed a revised decline of 0.8 per cent in the first three months of 2015 from its original estimate of a 0.6 per cent drop.However, there were positives tucked in the highly anticipated figures that almost immediately echoed on the campaign trail.The second-quarter drop was only half as steep as a consensus of economists had predicted and there was evidence that the decline had finally bottomed out.Canada's GDP climbed in the month of June by 0.5 per cent after shrinking over the first five months. The last time the economy experienced a one-month gain of at least 0.5 per cent was July 2013 when it grew by 0.63 per cent.That June increase was led by a 3.1 per cent boost in natural resources extraction — the category's first gain following seven consecutive months of decline."There's nothing to cheer about in the Canadian GDP numbers, but there's no reason for any more booing than we've already had," CIBC chief economist Avery Shenfeld said Tuesday."The economy is contracting through the first half of the year, but the solid gain in June suggests that we'll at least get a breather with a return to growth in the third quarter."The new batch of data added fuel to the heated, ongoing political debate over how best to respond to the weakened economy as parties battle for support ahead of the Oct. 19 federal election.On Tuesday, Prime Minister Stephen Harper, whose Conservative party has pinned its re-election hopes on its economic record, tried to highlight the positives in the new data."The Canadian economy as a whole is now growing, according to the June figures," Harper told reporters."That is the reality of the situation — it is good news."He also reiterated his stay-the-course mantra, insisting the country must ride out external economic and market turbulence whipped up in places like China.The Tory leader has frequently cited forecasts that predict the economy will rebound in the second half of the year, including a projection by the Bank of Canada.The central bank, however, has downgraded its growth forecast for 2015 and cut its trendsetting interest rate twice this year to cushion the blow of low crude prices.The hobbled economy has so far shaped up to be the primary issue of the campaign — and Harper's opponents have used his record as a bull's-eye for their attacks.The last time the economy contracted over two consecutive quarters was in 2009 during the Great Recession, when GDP pulled back by 8.7 per cent in the first quarter and 3.6 per cent in the second.Drilling deeper into the second-quarter data, the numbers showed the decline in the economy reached beyond natural resources extraction, which contracted by 4.5 per cent.Business investment in machinery and equipment dropped 4.6 per cent while non-residential structures fell 2.3 per cent, the third straight quarterly decline.On the growth side, a considerable amount of the gain in the quarter came from household consumption — rising by 0.6 per cent — at a time when interest rates remained low. As a result, the household savings rate declined.Exports also crept up in the second quarter by 0.1 per cent after contracting for two consecutive quarters. Meanwhile, positives in the June data suggest the expected turnaround forecasters have been banking on could be underway.On a monthly basis, Statistics Canada said wholesale trade rose by one per cent in June after a 1.1-per-cent decrease in May and a 1.6-per-cent in April.Manufacturing output rose by 0.4 per cent after contracting by 1.6 per cent in May.The finance and insurance sector grew by 0.7 per cent in June and the arts and entertainment industry rose by 6.4 per cent, thanks in large part to Canada's role as host of the FIFA Women's World Cup."While a technical recession was confirmed, its amplitude is relatively mild and there is every suggestion that it has already ended," Jimmy Jean, an economist with Desjardins Capital Markets wrote in a note to clients.Shenfeld said, however, while the early signposts are positive, the further retreat in oil prices recently could lead to continued pullback in capital spending in the energy sector."It's not like we're out of the woods yet," Shenfeld said.The quarterly reading Tuesday is also expected to intensify the economic debate over the term technical recession.Harper has side-stepped campaign-trail questions about whether Canada was in recession this year. He also declined to define a recession when asked about it earlier this week, saying he thought it was more important to "describe the reality of the situation rather than to have labels."Shenfeld said it's one thing to call it a "technical" recession, but he noted that any recession he's ever seen in historical data has also had a decline in employment."We haven't yet seen a net decline in employment that would characterize every recession that Canada has ever had," he said.Follow @AndyBlatchford on Twitter.
OTHER STORIES
http://ift.tt/1JvuMqM
http://ift.tt/1NI76nh
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://ift.tt/1LT1dn0
http://ift.tt/1Jtc7tK
http://ift.tt/1U9LpQY
http://ift.tt/1MTz535
http://ift.tt/1PQExC9
via EVENTS IN TIME (BIBLE PROPHECY LITERALLY FULFILLED)(BY GOD) http://ift.tt/1O72S5z
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