News and Trends

May 28, 2015

Consumer Comfort Plunges For Longest Streak In 7 Years - Zero Hedge--5.28.15
Bloomberg's Consumer Comfort index plunged once again, extending its losing streak to 7 weeks. Gallup also reported lower consumer confidence levels.

Soros Sees New World Order Coming; War With China - Value Walk--5.27.15
The U.S. could be looking at a third world war with China. One key to avoiding it could be through currency accommodation, according to George Soros.

The world is drowning in debt, warns Goldman Sachs - The Telegraph--5.25.15
The European chief executive of Goldman Sachs Asset Management has warned that the world is sinking under too much debt and thanks to an aging global population countries' debt are in danger of growing out of control.

Kiss Your Pension Fund Goodbye - Armstrong Economics--5.25.15
The U.S. Supreme Court ruled last week that employers have a duty to protect workers in their 401(k) plans from mutual funds that perform poorly or are too expensive.

HSBC fears world recession with no lifeboats left - The Telegraph--5.24.15
The United National has cut its global growth forecast for this year to 2.8 percent, close to stall speed. This leaves a thin safety buffer against economic shock.

Stockman: Stocks and bonds will 'crash soon' - Yahoo! Finance--5.22.15
David Stockman wants to warn the world that stocks and bonds are on the verge of catastrophic collapse. Stockman states that excessive monetary policy has forced central banks all over the world into a corner.

Deposit freezes at Greek banks 'likely' - Moody's - Financial Times--5.20.15
There is a "high likelihood" that capital controls and deposit freezes will be imposed on Greek banks, according to Moody's.

5 of the world's biggest banks are expected to plead guilty in an unprecedented criminal case - Business Insider--5.19.15
Five of the world's biggest banks are expected to be hit with a bill of more than $5 billion and criminal charges over the rigging of currency markets.

US import prices fall for 10th straight month - CNBC--5.13.15
U.S. import prices fell for a 10th straight month in April, reflecting the impact of a strong dollar which could encourage the Fed to hold off on raising interest rates.

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