January 30, 2015
US Pending Home Sales Tumble in December - ABC News--1.29.15
Fewer Americans signed contracts to buy homes in December. This is a sign that low mortgage rates are not coaxing more buyers into the market.
It Will Now Cost You 0.5% To Save Money In Denmark: Danish Central Bank Cuts Rates For Third Time In Two Weeks - Zero Hedge--1.29.15
Effective January 30, 2015, Denmark's National Bank's interest rate will be reduced by .15 percent to -.5 percent, making it even more costly to save money in Denmark.
2015 Currency Wars Year-To-Date Summary: 13 Rate Cuts, 5 Rate Hikes - Zero Hedge--1.29.15
So far in 2015 just about 31 countries have eased in the form of 13 rate cuts, while only five countries have tightened monetary policy.
U.S. business spending weakens, but consumers upbeat- Yahoo! Finance -- 1.27.15
A gauge of U.S. business investment plans fell for a fourth straight month in December, a potential sign that slowing global growth and falling oil prices were weighing on the economy.
Meet The New Bubble: The U.S. Dollar - Forbes--1.26.15
According to one market expert, between now and the return of inflation in 2016, investors are likely to continue to pour into dollar assets creating the next bubble: the American dollar.
Jobless Claims Over 300k For 3rd Week, Spike In Shale States - Zero Hedge--1.22.15
Initial jobless claims missed expectations for the 4th week in a row, holding above 300k for the 3rd week in a row. This week's 307k remains well above the 300k expectation.
As central banks surprise, Fed may have to throw in the towel - MarketWatch--1.22.15
The surprises coming out of central banks all over the world will cause great shifts in the global economy. With all of this going on, many are concerned that the U.S. will become a part of the global turmoil.
Obama Sets Progressive Agenda In State Of The Union Speech - Kitco--1.21.15
President Obama unveiled an ambitious progressive agenda in his State of the Union speech last night. In his speech, President Obama proposed tax increases for the wealthiest Americans couple with breaks for the middle class.
And Another Shocker: Bank Of Canada Stuns Market With Completely Unexpected Rate Cut - Zero Hedge--1.21.15
The Bank of Canada shocked the markets and announced that they will cut their benchmark interest rate to 0.75% citing financial instability risks and worries about downside inflation risks.
Central bank prophet fears QE warfare pushing world financial system out of control- Telegraph--1.20.15
The "economic prophet" who predicted the Lehman crisis is even more worried about the world's financial system going into 2015. Major central banks are stoking asset bubbles deliberately to put off the day of reckoning.
IMF: The world economy is worse off than we thought - CNN Money--1.20.15
According to the latest estimate from the International Monetary Fund, the world economy will grow only by 3.5% in 2015 and 2.7% in 2016. Both estimates are down 0.3% from the group's previous forecast.
The Swiss National Bank Decision Was A Shock, And There Are More Surprises Ahead- Yahoo! Finance--1.20.15
The Swiss National Bank shocked markets last week by announcing that it would abandon its currency peg to the euro. Following that move, the franc gained as much as 41% against the euro.
The Greek Bank Runs Have Begun: Two Greek Banks Request Emergency Liquidity Assistance - Zero Hedge--1.16.15
Yesterday Greece reported that Greek tax remittances have plunged by up to 80% compared to last year. Now, the Greek are going to the banks and withdrawing what little deposits they have left.
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