News and Trends

November 20, 2014

The man who called the last stock crash is already blaming the Fed for the next - Market Watch--11.20.14
Market expert Peter Schiff is speaking out against the Fed who he claims has inflated the prices of stocks and bonds with its ultraloose, unconventional monetary policies.

Yellen Gets That Sinking Feeling Greenspan Once Knew - Bloomberg--11.19.14
When Alan Greenspan raised the benchmark overnight rate from 2004 to 2006, long-term borrowing costs failed to increase. Current Fed chair Janet Yellen may be facing similar circumstances.

Mega-Mergers Popular Again on Wall Street - CNBC--11.18.14
Surging stocks, ambitious executives and cheap debt are causing one of the biggest booms in mergers and acquisitions. Companies may be spending a lot on mergers and acquisitions, but wage growth and hiring remain sluggish.

No recession in 2015, but no growth either: BofA ML - CNBC--11.18.14
There may not be a recession next year, but Americans should not expect any stellar growth either. Fewer than one in 10 fund managers expect a recession next year, and almost 80 percent forecast "below trend" growth according to a new survey.

World economy warning light on red- Journal Gazette--11.18.14
Japan has announced they have fallen into a recession only hours after the G20 summit. Japan has now been added to the growing list of countries with troubled economies.

Due to new rules going into effect, your bank deposits have no insurance and it is a matter of time until that money is stolen. The G20 will pass a new investment program where banks will no longer recognize your deposits as money.

State Department Targeted by Hackers in 4th Agency Computer Breach - NY Times--11.16.14
The State Department became the fourth government agency to announce a breach of its computer systems in recent weeks. The infiltration forced the agency to temporarily shut down its unclassified email systems and public websites.

World Economy Worst in Two Years, Europe Darkening, Deflation Lurking: Global Investor Poll - Bloomberg/b>--11.13.14
The world economy is in its worst shape in two years as the euro area and emerging markets deteriorate. 38 percent of those surveyed described the global economy as worsening.

Report: State budgets fudge numbers to hide massive debt - Fox News--11.13.14
Many state governments are trillions of dollars in debt and are hiding those numbers by dramatically under-reporting that debt, according to a new report.

Bank branches slowly fading away in neighborhoods - CNBC--11.13.14
Bank branch closures are heading for a record year as the industry trims down and services become increasingly electronic. In 2014 alone, institutions have shut down 2,599 branches while only opening 1,137.

Bank deposits will soon no longer be considered money but paper investments - Examiner--11.12.14
On November 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock.

Regulators fine global banks $4.3 bln in currency investigation - Reuters--11.12.14
Regulators fined six major banks including Citigroup and UBS a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market. These banks include three U.S. banks.

Russia prepares to challenge dollar by creating alternative SWIFT system in 2015- Examiner--11.12.14
Russia has declared that they will create an alternative SWIFT system that will compete with the Western based inter-bank messaging service. SWIFT is the primary facility used by the dollar and global reserve currency. The move for an alternative to SWIFT is another step for Russia to lessen the U.S. hegemony and control over the global financial system.

Ukraine crisis: Russian troops crossed border, Nato says- BBC--11.12.14
NATO officials have seen Russia military equipment and Russian combat troops entering Ukraine this week. There are also reports of fighting near the rebel-held city of Luhansk. Many are concerned about the growing tensions.

"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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