News and Trends

July 23, 2014

Consumer prices rise in June as gasoline prices jump - Market Watch--7.22.14
Consumer prices gained again in June and driven mainly by the rising cost for gasoline. According to the labor department, the consumer price index increased .3% in June, after a .4% gain in May.

Billionaire Warns: Yellen Collapse 'Will Be Unlike Any Other' - Money News--7.21.14
According to Jeremy Grantham, co-founder and chief investment strategist of GMO, amother horrific stock market crash is coming and the next bust will be "unlike any other."

Stocks are ignoring reality of MH17 - Market Watch--7.18.14
Stocks are up only one day after a Malaysian passenger aircraft was shot down near the Russia-Ukraine border. When a market reacts as if nothing has happened, that is a signal that the market has lost touch with reality.

We’re in the third biggest stock bubble in U.S. history - Market Watch--7.18.14
According to a new research report, the U.S. is on the brink of another stock-market bubble. Currently, U.S. stocks are overvalued by 80% on certain key long-term measures.

Only 63% of American adults are in labor force - CNN Money--7.17.14
The job market is improving, but only 63% of Americans over the age of 16 participate in the labor force. This is the weakest level since the early 1980s. Unless there is a major change in policy, the White House believes this rate will flat-line and then continue falling.

Malaysia Airlines crash triggers risk-off reaction - Market Watch--7.17.14
After the crash of a Malaysia Airlines jet investors immediately sold stocks, sending U.S. indexes sharply lower. Ukrainian officials said the aircraft may have been shot down.

IDF starts Gaza ground offensive - The Jerusalem Post--7.17.14
Prime Minister Binyamin Netanyahu directed the IDF to send ground troops into Gaza to strike the terror tunnels into Israel. This came after the Hamas rejected the Egyptian cease-fire proposal.

If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks - Activist Post--7.17.14
According to the latest data released today by the Bureau of Labor Statistics, year-over-year gains in some food products at the producer level has increased greatly.

U.S. risks fiscal crisis from rising debt: CBO - Market Watch--7.15.14
The U.S. is risking a financial crisis if it doesn't get its growing federal debt under control, warns the Congressional Budget Office. According to a CBO report, federal debt help by the public is now 74% of the economy and will rise to 106% of GDP by 2039 if current laws remain unchanged.

BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks--7.15.14
The BRICS nations have successfully created a so-called "mini-IMF" because they are disappointed and concerned with the IMF. These nations are separating themselves from the dollar and will provide their own funding.

Portugal’s banking turmoil revives darkest nightmares about Europe - Market Watch--7.10.14
Portuguese financial conglomerate Espirito Santo International has run into some turmoil and sent stock markets tumbling. Espirito Santa International missed a payment on short term debt earlier this week, causing the crisis.

Second Company Admits "It's Not The Weather" - It's The Economy, Stupid - Zero Hedge--7.10.14
The Container Store CEO explained how Q1 weakness was "not just weather" but an overall 'funk' in consumer spending. This follows Wal-Mart's dismissal of the "great" jobs report.

Fed likely to end bond-buying program in October - The Washington Post--7.9.14
The Fed's trillion-dollar effort to stimulate the economy is likely to come to an end in October, according to documents released yesterday from the June FOMC meeting.

Divide on Inflation Views Growing at the Federal Reserve, Minutes Show - The Wall Street Journal--7.9.14
Minutes from the Fed's June meeting suggest there is a growing gap between officials who believe U.S. inflation could remain too low and those who believe a spike in consumer prices could be closer than forecasters thought.

If ever the stock market flashed a ‘sell’ signal, it’s now- Market Watch--7.9.14
Sentiment indicators are at historic highs, which is bearish, and the RSI Wilder indicator is telling us the market is seriously overbought.

Islamist plot to blow up Eiffel Tower, Louvre and nuclear power plant foiled, say French police- The Telegraph--7.9.14
France foiled an Islamist terrorist plot to target the Eiffel Tower, The Lourve and even a nuclear power plant as the county unveiled new, tougher anti-terror rules.

Small business confidence edges lower; expectations dim: NFIB - CNBC--7.8.14
U.S. small business sentiment weakened in June because firms felt less confident the economy will improve in the coming months.

James Gorman on the Future of Finance: Big Banks Will Get Bigger- Yahoo! Finance--7.7.14
Technology, globalization and demographics will change the shape of banking dramatically within the next 100 years. Of the 97,000 bank branches that exist in the U.S. today, all but about 10,000 will disappear.

"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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