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)
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.
1 KINGS 10:13-14
13 And king Solomon gave unto the queen of Sheba all her desire, whatsoever she asked, beside that which Solomon gave her of his royal bounty. So she turned and went to her own country, she and her servants.
14 Now the weight of gold that came to Solomon in one year was six hundred threescore and six talents of gold,
GENESIS 49:16-17
16 Dan shall judge his people, as one of the tribes of Israel.
17 Dan shall be a serpent by the way, an adder in the path, that biteth the horse heels, so that his rider shall fall backward.
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.
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UPDATE-FEBRUARY 01,2016-12:00AM
DOW MARKET MONDAY-FEB 01,2016
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EARTHQUAKES
EZEKIEL 37:7,11-14
7 So I prophesied as I was commanded: and as I prophesied, there was a noise, and behold a shaking, and the bones came together, bone to his bone.(POSSIBLE QUAKE BRINGS ISRAEL BACK TO LIFE-SO NOISE AND SHAKING-QUAKES WILL ALSO DESTROY ISRAELS ENEMIES)
11 Then he said unto me, Son of man, these bones are the whole house of Israel: behold, they say, Our bones are dried, and our hope is lost: we are cut off for our parts.
12 Therefore prophesy and say unto them, Thus saith the Lord GOD; Behold, O my people, I will open your graves, and cause you to come up out of your graves, and bring you into the land of Israel.
13 And ye shall know that I am the LORD, when I have opened your graves, O my people, and brought you up out of your graves,
14 And shall put my spirit in you, and ye shall live, and I shall place you in your own land: then shall ye know that I the LORD have spoken it, and performed it, saith the LORD.
MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.
LUKE 21:11
11 And great earthquakes shall be in divers places,(DIFFERNT PLACES AT THE SAME TIME) and famines, and pestilences; and fearful sights and great signs shall there be from heaven.
UPDATE-FEBRUARY 01, 2016-11:55PM
1 Day, Magnitude 2.5+ Worldwide
23 earthquakes - DownloadUpdated: 2016-02-01 00:58:46 UTCShowing event times using UTC23 earthquakes in map area
5.3 79km SSW of Panguna, Papua New Guinea 2016-01-31 23:23:46 UTC 10.0 km
STOCK MARKET AND EARTHQUAKE NEWS
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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.
1 KINGS 10:13-14
13 And king Solomon gave unto the queen of Sheba all her desire, whatsoever she asked, beside that which Solomon gave her of his royal bounty. So she turned and went to her own country, she and her servants.
14 Now the weight of gold that came to Solomon in one year was six hundred threescore and six talents of gold,
GENESIS 49:16-17
16 Dan shall judge his people, as one of the tribes of Israel.
17 Dan shall be a serpent by the way, an adder in the path, that biteth the horse heels, so that his rider shall fall backward.
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.
BANK RELATED INFORMATION
http://ift.tt/1Nhezbu
CURRENCIES
http://ift.tt/1KhcsPw
COMMODITIES
http://ift.tt/1Y1uPlQ
UPDATE-FEBRUARY 01,2016-12:00AM
DOW MARKET MONDAY-FEB 01,2016
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-
HIGH LOW
Gas from Israel's Leviathan could reach markets by late 2019 -Noble manager-Reuters Middle East-JAN 31,16-YAHOONEWS
TEL AVIV, Jan 31 (Reuters) - Partners in Israel's Leviathan natural gas field should reach a final investment decision by the end of 2016 if government and regulatory approvals are granted as hoped, an official of the companies involved said.That would enable the first gas from the field to reach markets by the last quarter of 2019, Bini Zomer, the Israel country manager for Noble Energy, said on Sunday.Holding estimated reserves of 622 billion cubic meters off Israel's Mediterranean coast, Leviathan will cost at least $6 billion to develop. It is meant to supply billions of dollars worth of gas to Egypt and Jordan, and possibly Turkey and Europe.After years of political infighting, Prime Minister Benjamin Netanyahu signed a framework deal last month approving the development.But the final go-ahead is in the hands of Israel's Supreme Court, which is expected to decide soon on its legality after opponents filed an injunction request.The development is being led by Texas-based Noble and Israel's Delek Group through its units Delek Drilling and Avner Oil and Gas."There is no doubt that the gas and oil industry is facing many challenges," Noble's Zomer said in a statement."Despite those challenges, Noble believes that the Leviathan project can move forward based on domestic and export opportunities and because of the positive climate created by the natural gas framework."Earlier on Sunday the Leviathan partners said they signed a deal to sell about $1.3 billion of gas over 18 years to Edeltech Group and its Turkish partner Zorlu Enerji for power plants they plan to build in Israel. (Reporting by Tova Cohen; editing by John Stonestreet)
ECB's Nouy says differing rule interpretations cause imbalances-NICOSIA-REUTERS-JAN 31,16
Banking regulation needs to speak one language, the head of the European Central Bank's supervisory watchdog was quoted as saying on Sunday, adding that differing interpretations of the same regulations had created some distortions in the euro area.Daniele Nouy, who chairs the Single Supervisory Mechanism (SSM), said a key challenge was to ensure banks were subject to the same supervision and regulation across jurisdictions."We need to ensure fully harmonized prudential banking supervision," Nouy told Cyprus's Politis newspaper in an interview published on Sunday.She said the first step had been the introduction of the single rule book, but said that the transposition of the Capital Requirements Directive into national law had led to parts of it being interpreted in different ways, "creating an uneven playing field across the euro area".Nouy said the supervisor had identified some 167 cases covering issues such as intra-group exposure limits and equity holdings of insurance companies and rectified 122 of them"We will not stop there," she said. "Our aim is to establish a unified, integrated and harmonized supervisory framework, and this requires harmonized regulation."The SSM oversees the 129 biggest banking groups in the euro area. Nouy dismissed suggestions that the authority was overly strict in its assessments."Let’s face it: if there are no complaints then you are probably not a good supervisor," Nouy said in response to an observation that past health checks tests triggered complaints from Cypriot banks of being too severe."We are as tough as is warranted by the situation and the data that we find... Our job is to ensure that banks are well equipped and have sufficient high-quality capital to withstand the risks that they might encounter."Nouy said the Cypriot banking system was now in better shape than 2013, when one bank collapsed and another was forced to bail-in clients deposits to recapitalise. But, she said, further efforts were needed to wrestle down a high level of non-performing loans.The SSM, she added, also stood ready to help with technical expertise in any eventual reunification of the island, split since a Turkish invasion in 1974 triggered by a brief Greek Cypriot coup.The SSM's sphere of authority is now confined to banks operating in Cyprus's government-controlled south.(Writing by Michele Kambas; Editing by Nick Macfie)
The $29 Trillion Corporate Debt Hangover That Could Spark a Recession-Sally Bakewell-Updated on January 28, 2016 — 1:10 PM EST-BLOOMBERG
There’s been endless speculation in recent weeks about whether the U.S., and the whole world for that matter, are about to sink into recession. Underpinning much of the angst is an unprecedented $29 trillion corporate bond binge that has left many companies more indebted than ever.Whether this debt overhang proves to be a catalyst for recession or not, one thing is clear in talking to credit-market observers: It’s a problem that won’t go away any time soon.Strains are emerging in just about every corner of the global credit market. Credit-rating downgrades account for the biggest chunk of ratings actions since 2009; corporate leverage is at a 12-year high; and perhaps most worrisome, growing numbers of companies -- one third globally -- are failing to generate high enough returns on investments to cover their cost of funding. Pooled together into a single snapshot, the data points show how the seven-year-old global growth model based on cheap credit from central banks is running out of steam.“We’ve never been in a cycle quite like this,” said Bonnie Baha, a money manager at DoubleLine Capital in Los Angeles, which oversees more than $80 billion. “It’s setting up for an unhappy turn.”While not as pronounced as the rout in global equity markets, losses are beginning to pile up in the bond market too. The average spread over benchmark government yields for highly rated debt has widened to 1.84 percentage points, the most in three years, from 1.18 percentage points in March, according to Bank of America Merrill Lynch indexes. Investors lost 0.2 percent on global corporate bonds in 2015, snapping a string of annual gains that averaged 7.9 percent over the previous six years, the data show.Debt at global companies rated by Standard & Poor’s reached three times earnings before interest, tax, depreciation and amortization in 2015, the highest in data going back to 2003 and up from 2.8 times last year, according to the ratings company. Total debt at listed companies in China, the world’s second-largest economy, has climbed to the highest level in three years, according to data compiled by Bloomberg.Worsening debt profiles contributed to S&P downgrading 863 corporate issuers last year, the most since 2009. More than a third of commodity and energy companies have ratings with negative outlooks or are on credit watch with negative implications, S&P said. Almost 6 percent of U.S. corporate bonds were downgraded through the third quarter, the largest proportion since 2009, according to Fitch Ratings. American, speculative-grade companies experienced downgrades totaling $94 billion compared to upgrades of $89 billion in the first nine months of 2015, Fitch said in a November report.Much of the cheap credit accumulated by companies was spent on a $3.8 trillion M&A binge, and to fund share buybacks and dividend payments. While that tends to push up share prices in the short term, bond investors would rather see that money spent on strengthening the business in the long term.-Different Climate-“It’s an indication we’re in a different climate of expansion, rather than prudence, that targets shareholders and leverage,” Jeroen van den Broek, head of developed-markets credit strategy and research at ING Bank NV in Amsterdam, said. “It’s detrimental to credit holders.”That said, the U.S has borne the brunt of the downgrades and China’s slowdown has been mostly felt in the commodities sector, indicating the impact on the global economy may be limited. S&P’s global credit market outlook is stable and analysts estimate earnings will recover this year. Investment-grade firms have accumulated record amounts of cash, which will insulate them from market turbulence, according to a report from Citigroup Inc. this month.-Fragile Economy-“There are hairline cracks but it doesn’t mean it’s going to lead to cataclysmic global conditions in the credit markets,” said Suki Mann, a former head of European credit strategy at UBS Group AG and founder of bond market commentator CreditMarketDaily.com. “Leverage is higher but it’s only a problem if you can’t service your obligation and the ability of investment-grade companies to service obligations is at a very good level.”At about 3 percent, overall borrowing costs for companies around the world remain below the average of 4.5 in the preceding two decades even as spreads have widened.Still, for many in the market, the combination of high leverage levels and a sluggish global economy is a big concern. Growth across the world will be dragged down this year as China’s slowdown prolongs the commodity slump and recessions endure in Brazil and Russia, according to the World Bank. It lowered its forecast for 2016 growth this month to 2.9 percent from a 3.3 percent projection in June. In comparison, the world economy advanced 2.4 percent last year, slower than the 2.6 percent expansion in 2014, the bank said.Companies’ debt costs are reaching new heights. As of the second quarter, high-grade companies tracked by JPMorgan Chase & Co. incurred $119 billion in interest expenses over the last year, the most for data going back to 2000, according to the bank’s analysts.-Symptomatic Problem-The cost of raising and servicing capital is outweighing the returns companies get from it, a problem that Citigroup’s Financial Strategy and Solutions Group said has affected one third of all companies -- the majority of which posted shortfalls in each of the past three years. The bank compared returns on invested capital with the weighted-average cost of funding among the more than 1,600 companies in the MSCI World Index in bank data going back to 2010.The emerging cracks “are part of the same symptomatic problem -- an economy that’s got stuck on stimulus,” said Luke Hickmore, an Edinburgh-based senior investment manager at Aberdeen Asset Management, with about 284 billion pounds ($406 billion) of funds under management, according to its website. “It’s not sustainable.”
Oil price plunge spurs restructuring shift at Canada banks, law firms-By By Euan Rocha and John Tilak | Reuters – Thu, 28 Jan, 2016 1:48 PM EST-YAHOONEWS
TORONTO (Reuters) - The oil price crash of the past year and a half is forcing Canadian investment banks and corporate law firms that profited from mergers and acquisitions, and financing deals during good times to focus instead on restructuring and asset sale work.The trend is reshaping the staffing makeup at these banks, law and accounting firms, especially in the energy-dependent Western Canadian province of Alberta, with bankruptcy expertise in high demand even as the broader industry suffers.Josef Krüger, a senior insolvency lawyer at Borden, Ladner, Gervais in Calgary, said his firm has five times as many lawyers working on insolvency files as it did two years ago."My concern had long been that we didn't have good files on which to train young insolvency lawyers. Well, that's changed."While some law firms are hiring these experts externally, many are simply shifting colleagues from other practice areas."We're redeploying resources," said Howard Gorman a partner with Norton Rose Fulbright in Calgary. "A banking associate who would typically be doing loan originations, is now assisting on restructurings."A similar trend is evident in Houston, where banks and law firms are also bulking up their restructuring teams."Restructuring is going to be a very prominent theme given the challenges the energy sector is experiencing and our team is very busy in that regard," said John Armstrong, head of Canadian M&A at BMO Capital Markets.In Canada, investment dealers owned by the country's deep-pocketed banks are seen as best able to adapt. Industry insiders say boutique firms have been getting crushed by the dearth of M&A and financing activity, with many expected to shut down.Still, asset sales are keeping some firms busy as companies look to boost liquidity. Some banks have even tapped engineers to strengthen their acquisition and divestiture (A&D) practices, which carry out the complex engineering and technical research needed to value oil and gas deposits."One or two Canadian firms are expanding A&D teams, based on the belief that we will see more A&D activity," said Bill Vlaad, whose firm specializes in the recruitment of financial services professionals.While many production assets are on the block, divestiture activity is likely to largely center around midstream assets like pipelines, storage and processing facilities. These are attractive for private equity players who can borrow against the assets."The midstream space, particularly for private equity firms, offer more certain cash flow," said Janan Paskaran, a partner at business law firm Torys. (Editing by Jeffrey Hodgson and Bernadette Baum)
TEL AVIV, Jan 31 (Reuters) - Partners in Israel's Leviathan natural gas field should reach a final investment decision by the end of 2016 if government and regulatory approvals are granted as hoped, an official of the companies involved said.That would enable the first gas from the field to reach markets by the last quarter of 2019, Bini Zomer, the Israel country manager for Noble Energy, said on Sunday.Holding estimated reserves of 622 billion cubic meters off Israel's Mediterranean coast, Leviathan will cost at least $6 billion to develop. It is meant to supply billions of dollars worth of gas to Egypt and Jordan, and possibly Turkey and Europe.After years of political infighting, Prime Minister Benjamin Netanyahu signed a framework deal last month approving the development.But the final go-ahead is in the hands of Israel's Supreme Court, which is expected to decide soon on its legality after opponents filed an injunction request.The development is being led by Texas-based Noble and Israel's Delek Group through its units Delek Drilling and Avner Oil and Gas."There is no doubt that the gas and oil industry is facing many challenges," Noble's Zomer said in a statement."Despite those challenges, Noble believes that the Leviathan project can move forward based on domestic and export opportunities and because of the positive climate created by the natural gas framework."Earlier on Sunday the Leviathan partners said they signed a deal to sell about $1.3 billion of gas over 18 years to Edeltech Group and its Turkish partner Zorlu Enerji for power plants they plan to build in Israel. (Reporting by Tova Cohen; editing by John Stonestreet)
ECB's Nouy says differing rule interpretations cause imbalances-NICOSIA-REUTERS-JAN 31,16
Banking regulation needs to speak one language, the head of the European Central Bank's supervisory watchdog was quoted as saying on Sunday, adding that differing interpretations of the same regulations had created some distortions in the euro area.Daniele Nouy, who chairs the Single Supervisory Mechanism (SSM), said a key challenge was to ensure banks were subject to the same supervision and regulation across jurisdictions."We need to ensure fully harmonized prudential banking supervision," Nouy told Cyprus's Politis newspaper in an interview published on Sunday.She said the first step had been the introduction of the single rule book, but said that the transposition of the Capital Requirements Directive into national law had led to parts of it being interpreted in different ways, "creating an uneven playing field across the euro area".Nouy said the supervisor had identified some 167 cases covering issues such as intra-group exposure limits and equity holdings of insurance companies and rectified 122 of them"We will not stop there," she said. "Our aim is to establish a unified, integrated and harmonized supervisory framework, and this requires harmonized regulation."The SSM oversees the 129 biggest banking groups in the euro area. Nouy dismissed suggestions that the authority was overly strict in its assessments."Let’s face it: if there are no complaints then you are probably not a good supervisor," Nouy said in response to an observation that past health checks tests triggered complaints from Cypriot banks of being too severe."We are as tough as is warranted by the situation and the data that we find... Our job is to ensure that banks are well equipped and have sufficient high-quality capital to withstand the risks that they might encounter."Nouy said the Cypriot banking system was now in better shape than 2013, when one bank collapsed and another was forced to bail-in clients deposits to recapitalise. But, she said, further efforts were needed to wrestle down a high level of non-performing loans.The SSM, she added, also stood ready to help with technical expertise in any eventual reunification of the island, split since a Turkish invasion in 1974 triggered by a brief Greek Cypriot coup.The SSM's sphere of authority is now confined to banks operating in Cyprus's government-controlled south.(Writing by Michele Kambas; Editing by Nick Macfie)
The $29 Trillion Corporate Debt Hangover That Could Spark a Recession-Sally Bakewell-Updated on January 28, 2016 — 1:10 PM EST-BLOOMBERG
There’s been endless speculation in recent weeks about whether the U.S., and the whole world for that matter, are about to sink into recession. Underpinning much of the angst is an unprecedented $29 trillion corporate bond binge that has left many companies more indebted than ever.Whether this debt overhang proves to be a catalyst for recession or not, one thing is clear in talking to credit-market observers: It’s a problem that won’t go away any time soon.Strains are emerging in just about every corner of the global credit market. Credit-rating downgrades account for the biggest chunk of ratings actions since 2009; corporate leverage is at a 12-year high; and perhaps most worrisome, growing numbers of companies -- one third globally -- are failing to generate high enough returns on investments to cover their cost of funding. Pooled together into a single snapshot, the data points show how the seven-year-old global growth model based on cheap credit from central banks is running out of steam.“We’ve never been in a cycle quite like this,” said Bonnie Baha, a money manager at DoubleLine Capital in Los Angeles, which oversees more than $80 billion. “It’s setting up for an unhappy turn.”While not as pronounced as the rout in global equity markets, losses are beginning to pile up in the bond market too. The average spread over benchmark government yields for highly rated debt has widened to 1.84 percentage points, the most in three years, from 1.18 percentage points in March, according to Bank of America Merrill Lynch indexes. Investors lost 0.2 percent on global corporate bonds in 2015, snapping a string of annual gains that averaged 7.9 percent over the previous six years, the data show.Debt at global companies rated by Standard & Poor’s reached three times earnings before interest, tax, depreciation and amortization in 2015, the highest in data going back to 2003 and up from 2.8 times last year, according to the ratings company. Total debt at listed companies in China, the world’s second-largest economy, has climbed to the highest level in three years, according to data compiled by Bloomberg.Worsening debt profiles contributed to S&P downgrading 863 corporate issuers last year, the most since 2009. More than a third of commodity and energy companies have ratings with negative outlooks or are on credit watch with negative implications, S&P said. Almost 6 percent of U.S. corporate bonds were downgraded through the third quarter, the largest proportion since 2009, according to Fitch Ratings. American, speculative-grade companies experienced downgrades totaling $94 billion compared to upgrades of $89 billion in the first nine months of 2015, Fitch said in a November report.Much of the cheap credit accumulated by companies was spent on a $3.8 trillion M&A binge, and to fund share buybacks and dividend payments. While that tends to push up share prices in the short term, bond investors would rather see that money spent on strengthening the business in the long term.-Different Climate-“It’s an indication we’re in a different climate of expansion, rather than prudence, that targets shareholders and leverage,” Jeroen van den Broek, head of developed-markets credit strategy and research at ING Bank NV in Amsterdam, said. “It’s detrimental to credit holders.”That said, the U.S has borne the brunt of the downgrades and China’s slowdown has been mostly felt in the commodities sector, indicating the impact on the global economy may be limited. S&P’s global credit market outlook is stable and analysts estimate earnings will recover this year. Investment-grade firms have accumulated record amounts of cash, which will insulate them from market turbulence, according to a report from Citigroup Inc. this month.-Fragile Economy-“There are hairline cracks but it doesn’t mean it’s going to lead to cataclysmic global conditions in the credit markets,” said Suki Mann, a former head of European credit strategy at UBS Group AG and founder of bond market commentator CreditMarketDaily.com. “Leverage is higher but it’s only a problem if you can’t service your obligation and the ability of investment-grade companies to service obligations is at a very good level.”At about 3 percent, overall borrowing costs for companies around the world remain below the average of 4.5 in the preceding two decades even as spreads have widened.Still, for many in the market, the combination of high leverage levels and a sluggish global economy is a big concern. Growth across the world will be dragged down this year as China’s slowdown prolongs the commodity slump and recessions endure in Brazil and Russia, according to the World Bank. It lowered its forecast for 2016 growth this month to 2.9 percent from a 3.3 percent projection in June. In comparison, the world economy advanced 2.4 percent last year, slower than the 2.6 percent expansion in 2014, the bank said.Companies’ debt costs are reaching new heights. As of the second quarter, high-grade companies tracked by JPMorgan Chase & Co. incurred $119 billion in interest expenses over the last year, the most for data going back to 2000, according to the bank’s analysts.-Symptomatic Problem-The cost of raising and servicing capital is outweighing the returns companies get from it, a problem that Citigroup’s Financial Strategy and Solutions Group said has affected one third of all companies -- the majority of which posted shortfalls in each of the past three years. The bank compared returns on invested capital with the weighted-average cost of funding among the more than 1,600 companies in the MSCI World Index in bank data going back to 2010.The emerging cracks “are part of the same symptomatic problem -- an economy that’s got stuck on stimulus,” said Luke Hickmore, an Edinburgh-based senior investment manager at Aberdeen Asset Management, with about 284 billion pounds ($406 billion) of funds under management, according to its website. “It’s not sustainable.”
Oil price plunge spurs restructuring shift at Canada banks, law firms-By By Euan Rocha and John Tilak | Reuters – Thu, 28 Jan, 2016 1:48 PM EST-YAHOONEWS
TORONTO (Reuters) - The oil price crash of the past year and a half is forcing Canadian investment banks and corporate law firms that profited from mergers and acquisitions, and financing deals during good times to focus instead on restructuring and asset sale work.The trend is reshaping the staffing makeup at these banks, law and accounting firms, especially in the energy-dependent Western Canadian province of Alberta, with bankruptcy expertise in high demand even as the broader industry suffers.Josef Krüger, a senior insolvency lawyer at Borden, Ladner, Gervais in Calgary, said his firm has five times as many lawyers working on insolvency files as it did two years ago."My concern had long been that we didn't have good files on which to train young insolvency lawyers. Well, that's changed."While some law firms are hiring these experts externally, many are simply shifting colleagues from other practice areas."We're redeploying resources," said Howard Gorman a partner with Norton Rose Fulbright in Calgary. "A banking associate who would typically be doing loan originations, is now assisting on restructurings."A similar trend is evident in Houston, where banks and law firms are also bulking up their restructuring teams."Restructuring is going to be a very prominent theme given the challenges the energy sector is experiencing and our team is very busy in that regard," said John Armstrong, head of Canadian M&A at BMO Capital Markets.In Canada, investment dealers owned by the country's deep-pocketed banks are seen as best able to adapt. Industry insiders say boutique firms have been getting crushed by the dearth of M&A and financing activity, with many expected to shut down.Still, asset sales are keeping some firms busy as companies look to boost liquidity. Some banks have even tapped engineers to strengthen their acquisition and divestiture (A&D) practices, which carry out the complex engineering and technical research needed to value oil and gas deposits."One or two Canadian firms are expanding A&D teams, based on the belief that we will see more A&D activity," said Bill Vlaad, whose firm specializes in the recruitment of financial services professionals.While many production assets are on the block, divestiture activity is likely to largely center around midstream assets like pipelines, storage and processing facilities. These are attractive for private equity players who can borrow against the assets."The midstream space, particularly for private equity firms, offer more certain cash flow," said Janan Paskaran, a partner at business law firm Torys. (Editing by Jeffrey Hodgson and Bernadette Baum)
EARTHQUAKES
EZEKIEL 37:7,11-14
7 So I prophesied as I was commanded: and as I prophesied, there was a noise, and behold a shaking, and the bones came together, bone to his bone.(POSSIBLE QUAKE BRINGS ISRAEL BACK TO LIFE-SO NOISE AND SHAKING-QUAKES WILL ALSO DESTROY ISRAELS ENEMIES)
11 Then he said unto me, Son of man, these bones are the whole house of Israel: behold, they say, Our bones are dried, and our hope is lost: we are cut off for our parts.
12 Therefore prophesy and say unto them, Thus saith the Lord GOD; Behold, O my people, I will open your graves, and cause you to come up out of your graves, and bring you into the land of Israel.
13 And ye shall know that I am the LORD, when I have opened your graves, O my people, and brought you up out of your graves,
14 And shall put my spirit in you, and ye shall live, and I shall place you in your own land: then shall ye know that I the LORD have spoken it, and performed it, saith the LORD.
MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.
LUKE 21:11
11 And great earthquakes shall be in divers places,(DIFFERNT PLACES AT THE SAME TIME) and famines, and pestilences; and fearful sights and great signs shall there be from heaven.
UPDATE-FEBRUARY 01, 2016-11:55PM
1 Day, Magnitude 2.5+ Worldwide
23 earthquakes - DownloadUpdated: 2016-02-01 00:58:46 UTCShowing event times using UTC23 earthquakes in map area
5.3 79km SSW of Panguna, Papua New Guinea 2016-01-31 23:23:46 UTC 10.0 km
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