News and Trends

September 30, 2014

Yuan to Start Direct Trading With Euro as China Pushes Usage - Bloomberg--9.29.14
Beginning tomorrow, China will start direct trading between the yuan and the euro. China seeks to spur global use of its currency and this move will lower transaction costs and will make yuan and euros more attractive to conduct bilateral trade and investment.

$4.35 to get your own money - ATM fees surge again - CNN Money--9.29.14
Right now it is more expensive than ever to access your own money from your bank account. In the past year, fees jumped 5% for individuals who want to use an ATM that is not owned by their own bank.

US, China, Europe nearing 'Minsky moment': Economist - CNBC--9.29.14
The U.S. China and Europe are heading for a major collapse in asset values because their economic models favor consumption instead of productivity, according to one economist.

Hong Kong protests hurt U.S. stocks - CNN Money--9.29.14
Stocks fell sharply lower in morning trading after worries over pro-Democracy protests in Hong Kong spilled to most U.S., Asian and European markets.

The U.S. market is sending a worrisome signal on inflation - Market Watch--9.25.14
Investors are downgrading their expectations for inflation over the next half decade. This raises concerns over the pace of the U.S. economic recovery.

Is the stock market bubble of 2014 ready to burst?- Market Watch--9.25.14
In addition to the stock market, real estate is also in a bubble and these prices have been influenced by FOMC policy. The FOMC decision to make to inflate asset prices has reshaped economic conditions.

Europe, Syria drag on global stock markets- Yahoo! Finance-- 9.22.14
Global stocks were rattles from grim economic news from Europe and news of airstrikes in Syria. In Europe, the region fell to a nine-month low.

Billionaires are hoarding piles of cash - CNBC--9.22.14
Billionaires are holding on to mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting their money into today's markets.

Study: Recovery eludes long-term unemployed - USA Today--9.22.14
More than 20% of Americans laid off in the past five years are still unemployed. One in four of those who found work only have a temporary job, according to a survey.

U.S. existing home sales fall, investors pulling back- Yahoo! Finance--9.22.14
U.S. home resales unexpectedly fell in August as investors stepped away from the market. According to the National Association of Realtors, existing home sales dropped 1.8 percent to an annual rate of 5.05 million units.

Time to worry? Russell 2000 hits 'death cross' - CNBC--9.22.14
The Russell 2000 has flashed a bearish signal. For the first time in two years the small-cap index has hit a so-called "death cross." A "death cross" occurs when a nearer-term 50-day moving average falls below a longer-term, 200-day moving average.

New central bank stimulus launched for eurozone - St Louis Today--9.18.14
The European Central Bank has launched a new stimulus program aimed at getting banks to lend more. The central bank handed out 82.6 billion euros in ultra-low interest loans to 255 banks.

Fed and TWTR Overvaluation, Evidence of Looming Market Crash: Stockman - Yahoo! Finance--9.17.14
The Fed has reassured investors that it will hold interest rates near zero for a "considerable time" after it ends its bond-buying program. However, market expert David Stockman has significant concerns about that very policy.

Nearly Half of Americans in Major Cities Are in State of Financial Insecurity - NY Times--9.17.14
According to a new study, nearly half of all households in major U.S. cities don't have enough money saved to cover essential expenses in an emergency.

Why stocks could get slammed soon - CNBC--9.11.14
According to strategists, stocks could tumble if the speculation about the Fed dropping some of the dovishness from its post-meeting statement next week comes true.

China inflation data show economy losing momentum - CNBC--9.10.14
China's consumer inflation eased in August while wholesale deflation intensified. This kind of data shows that the Chinese economy is struggling to stage a convincing recovery.

Professional Investors Are Preparing For A Stock Market Crash - ETF Daily News--9.10.14
A growing number of professional investors are preparing for a stock market crash. Billionaire George Soros made a huge bet, increasing his short position by 605%.

The U.S. Student Loan Debt Crisis Will Dwarf The Mortgage Crisis - MFI-Miami--9.8.14
Since 2010, student loan debt has reached $1.5 trillion and has become second only to mortgage debt in the U.S. This debt is bigger than the debt of the nation of Columbia.

"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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