News and Trends

October 22, 2014

The Fed is deliberately stealing from savers - Market Watch--10.22.14
Recently, Fed Chairman Janet Yellen expressed concern over the rising wealth inequality in America. However, it is the Fed's own policies that are driving the expansion of the wealth gap.

Market Volatility Merely a Symptom of Larger Issues - The New York Times--10.21.14
The volatility seen in the markets is a symptom of a bigger problem, and that is the fragility of widely accepted assumptions about where the world is heading.

China's economy suffers its worst quarter since the financial crisis - CNN Money--10.21.14
China's economy suffered its worst quarter in more than five years, causing concerns over Beijing's ability to meet its annual growth target.

Officials warn 500 million financial records hacked - CNBC--10.21.14
Federal Officials warned companies that hackers have stolen more than 500 million financial records over the past 12 months. The U.S. financial sector is one of the most targeted in the world according to the FBI and Secret Service officials.

Over 48 million Americans live in poverty - CNN Money--10.16.14
Over 48 million Americans are living in poverty, accordinf to a report done by the Census Bureau. A more detailed look at poverty reveals some ugly details.

Fed Is Silent on Doomsday Book, a Blueprint for Fighting Crises - The New York Times--10.14.14
The Doomsday Book is a collection of legal opinions that describe and delineate the Federal Reserve's ability to fight financial crises. The Fed would prefer to tell the public nothing more than that.

Buyers beware, the bear market has begun: Gartman - CNBC According to market expert Dennis Gartman, the selloff in global stocks is set to continue as a bear market takes hold. He even believes this could be the beginning of a bear market that could last for some time.

World economy so damaged it may need permanent QE- The Telegraph--10.15.14
The combined tightening by the US and China has caused global liquidity to evaporate. The slowdown has proven too much for analready fragile world economy.

China cashes in on Russia's shrinking economic options - The Christian Science Monitor--10.14.14
Russia and China have agreed to new deals that go beyong traditions sales and would give Moscow some economic relief amid Western sanctions. This is also a golden opportunity for China to leverage Russia's political problems with the West nail down long term oil and gas contracts.

Major world indexes in or near correction - CNBC--10.15.14
Stock markets around the world were in or near correction territory amid weakness in Europe, disappointing U.S. economic data and ongoing concerns about the spread of Ebola.

9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years- The Economic Collapse--10.14.14
We have been living in one of the greatest financial bubbles in U.S. history and the markets are primed for a full blown crash. Currently, we are starting to see some ominous things in the financial world that haven't be seen in a very long time.

Goldman Slashes European Growth Forecast, Sees Triple-Dip Recession In Q3 - Zero Hedge--10.14.14
Goldman Sachs slashed its forecast for Europe in Q3 to recessionary conditions. Germany also cut its own forecast to 1.2% in 2014 (from 1.8%) and 1.3% in 2015 (from 2.0%).

Growth fears pushing fund managers from risky positions, survey finds - Market Watch--10.14.14
Investors are showing less faith in the global economy and are moving away from riskier assets, according to a new survey of fund managers. Many investors are getting rid of riskier investments and increasing cash levels.

Household Finances May Curb Holiday Spending - The New York Times--10.13.14
Forecasters are warning that businesses could struggle this holiday season due to stagnant wage growth, coupled with rising health care, child care, housing and other essentials.

S&P downgrades Finland to AA+ from AAA - CNBC--10.11.14
Standard & Poor's has downgraded Finland's debt from AA+ to AAA, citing weak economic development. The ratings agency says that Finland could experience "protracted stagflation" due to its aging population.

China Just Overtook The US As The World's Largest Economy- Yahoo! Finance--10.8.14
China just overtook the U.S. to become the world's largest economy, according to the IMF. According to the IMF, by the end of 2014, China will make up 16.48% of the world's purchasing power adjusted GDP.

The Smart Money is Dumping Stocks - Zero Hedge--10.7.14
There are clear signals from "smart money" that something bad is looming on the horizon. The ultra-wealthy have been rapidly moving out of paper assets and into real assets.

US Hiring Plummets Most Since June 2010, Fewest Hires Since Polar Vortex Ground Economy To A Halt - Zero Hedge--10.7.14
Looking at the details of the latest JOLTS report, the "hirings" number plunged from 4,934K to just 4,640K. This is the lowest number of monthly hiring since January's "polar vortex" brought the economy to a halt.

"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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