News and Trends

January 28, 2015

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.

U.S. jobless claims rise to four-month high - Reuters--1.15.15
The number of Americans filing new claims for unemployment benefits reached the highest level since early September. Initial claims for unemployment benefits rose by 19,000 to a seasonally adjusted 316,000 for the week ended Jan.

ECJ paves way for eurozone QE - The Telegraph--1.14.15
A key ECB program has been deemed permissible under EU law, removing a potential obstacle for the launch of a euro area QE scheme.

World Bank cuts global growth forecast - CNN Money--1.14.15
The world bank has cut its projections for the global economy. In its biannual report, the bank forecast the world economy will grow 3.0% this year and 3.3% in 2016, down from its earlier forecast of 3.4% and 3.5% respectfully.

U.S. retail sales slump in December - Market Watch--1.14.15
Retail sales in the U.S. sank in December largely due to cheaper gasoline. However, more stores posted weak results during the latest shopping season, according to government data.

"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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