News and Trends

July 28, 2016

Durable goods orders plunge in June by largest amount in 2 years - USA Today--7.27.16
Orders for durable goods dropped 4% after already slipping 2.8% in May, according to the Commerce Department. The global economy has been sluggish ans a strong dollar has made American products more expensive abroad, hurting exports.

U.S. companies are hanging on to their cash again- Market Watch--7.25.16
U.S. companies have returned to hoarding their cash in the second quarter of 2016. This was caused in part by the uncertainty created by Brexit, according to a new study.

IMF seeks ‘urgent’ response to stagnating global economy - Market Watch--7.21.16
The International Monetary Fund issued an "urgent" call for the world's largest economies to roll out more growth-boosting policies. The IMF wants central banks to maintain their easy-money policies and encouraged them to prepare contingency plans should a stagnating outlook turn into a downturn.

Delayed retirement is both a symptom and a cause of a troubled economy - USA Today--7.20.16
People in the U.S. are working longer hours and are waiting longer to retire, which could be bad news for the future of our economy.

IMF lowers global economic outlook after Brexit vote - Market Watch -- 7.19.16
The IMF has lowered it global economic outlook, citing the increased uncertainty caused by Britain's vote to leave the European Union. The latest world economic outlook trims its 2016 and 2017 forecast by a tenth each year.

Foreign ownership of US debt slips again in May - Yahoo! Finance--7.18.16
Foreign holdings of U.S. Treasury securities fell for the second straight month in May. According to the Treasury Department, total foreign holdings dropped 0.5 percent after slipping 0.8 percent in April.

World's Top Investors "Ring Alarm" At All Time Market Highs - Zero Hedge--7.15.16
More of the world's top investors are "ringing the alarm" as stocks continue to hit all-time highs. Experts do not see this trend continuing much longer.

Consumer sentiment hits 89.5 in July vs. 93 estimate - CNBC-- 7.15.16
Consumer sentiment came in lower this month as the impact of "Brexit" seems to have hit consumers. According to the report, attitudes toward present and future economic conditions both dimmed in early July.

Hackers steal millions from ATMs without using a card - CNN Money--7.14.16
According to police, several people wearing masks attacked dozens of ATMs in Taiwan on Sunday. They appeared to gain control of the machines with a "connected device."

Stocks shouldn't be this high: World's largest asset manager - CNN Money--7.14.16
Market experts believe stocks shouldn't be at the current highs that they are. One expert simply doesn't believe there is enough "evidence to justify these levels."

Fed's Mester Says Helicopter Money "The Next Step" In US Monetary Policy - Zero Hedge--7.13.16
Fed's Loretta Mester stated in a speech in Australia that "helicopter money" could be considered to stimulate America's economy if other conventional monetary policies fail.

Job Openings Declined in May, a Month of Weak Job Market Performance - The Wall Street Journal--7.12.16
The number of job openings in May slid to the lowest level of the year, according to a new report. According to the report, hiring and quitting have declined since the start of the year.

Negative rates leading to 'day of reckoning' fear on Wall Street - CNBC--7.11.16
Chief economist at MFS Investment Management says there will ultimately be a day of reckoning as the level of negative-yielding global debt was at $11.7 trillion.

A third of global government debt now has negative interest rates - Quartz--7.7.16
Currently, if you were to buy any government bond, there is a one in three change you would lose money if you held it until maturity. Around a third of developed-country debt is now trading at negative yields, according to Citi.

Jobs Report in U.S. to Get Extra Scrutiny in Post-Brexit World - Bloomberg--7.7.16
The June jobs report will be more important than usual as policymakers will use it to determine if the economy slowed sharply even before concerns over global growth intensified.

'Brexit' raises fears of global currency wars - LA Times--7.7.16
After initially recovering from the Brexit shock, global stocks extended losses in what many analysts see as a sign of prolonged volatility ahead for financial markets.

We’re now stuck in a stock-market selloff- Market Watch--7.6.16
Traders and investors are having to decide whether to get ready to buy the stock market dip again or look to escape before this week's selloff gets any worse as many strategists continue to deliver warnings.

World Stocks Poised for Worst Month Since January - NBC News--6.30.16
Global stocks were set for their worst monthly performance since January on renewed concerns over global growth. The two days after Brexit alone wiped more than $3 trillion off the value of global stocks.

Forget December. Forget Next Year. The Fed's Done Hiking Until 2018 - Bloomberg--6.28.16
Traders are now pricing in a greater probability that the Fed will cut rates in upcoming meetings instead of raising them. Many traders also believe the Fed won't even raise rates again until 2018.

"News and commentaries posted at Swiss America does not necessarily express the opinions of Swiss America nor of its personnel. Swiss America attempts to post only credible news and opinions, however we do not take responsibility for the accuracy of external content nor should it be construed as an endorsement."

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