‘Fiscal Cliff’ Takes Toll on Markets


stocks-stock-marketDon’t panic. The world’s markets will do it for you.

Stocks around the world took a tumble last week as fears over whether Washington will compromise on the looming “fiscal cliff” intensified.

The Congressional Budget Office has issued stark warnings regarding the combination of tax hikes and cuts to spending, saying that they could drag the U.S. back into a recession if not properly addressed. The Dow Jones industrial average has fallen 7.5 percent since Oct. 5. Read more at The Wall Street Journal.

{Matzav.com Newscenter}


  1. i’m watching as the situation & economy gets worse & worse. And the craziest part about it is, that it doesn’t surprise me or shock me this entire country is about to collapse slowly but surely. The world is run by Hashem & nobody else (not obama or the gedolim etc…)

    you can save yourself now from losing everything, by stopping on depending on the government & depend on Hashem alone & then you will not lack anything & actually have a smooth & happy life.

    be prepared for all your rights & freedoms to be taken away slowly but surely-not in one shot-& soon WE will not be able to live in the USA as frum yidden. all our rights & freedoms are being taken from us one at a time & the USA is about to become what used to be communist russia.

    pack your bags NOW & head for Eretz Yisroel, while the pressure is not so hard & before america is attacked by iran. for then it will be too late & everyone will be leaving in
    poverty, wishing they had left-now-when they were told.