News and Trends

November 25, 2015

New York Fed: Household debt at highest level since 2010 - CNBC--11.19.15
Household borrowing in the U.S. has climbed to its highest level since 2010 in the third quarter of 2015. Borrowing has been driven by mortgage lending, auto loans, student loans and credit cards.

China welcomes IMF backing to make yuan world reserve currency - Yahoo! News -- 11.14.15
China welcomed the backing from IMF experts that the yuan should be included in its reserve currencies. This marks a milestone in China's efforts to become a global economic power.

Cyber Threat Underscores Safety of Owning Texas Land, Perot Says - Bloomberg--11.12.15
Texas billionaire Ross Perot Jr. is concerned about the growing problems with hackers. What Perot likes about land is that he can physically check on it and it is hard to steal.

Negative Interest Rates the New Normal Next Time Economies Slump - Bloomberg -- 11.11.15
According to Bloomberg, global giants of central banking may be more willing to embrace negative interest rates the next time economies slide.

Former Reagan Administration Official Warns That Financial Disaster Is Dead Ahead - The Economic Collapse--11.4.15
There is a mountain of evidence that the global economy has already plunged into recession yet most Americans seem to think that the crisis has passed.

ADP Employment Slows Further; Services Job Growth Weakens As Manufacturing Jobs Drop By 2,000 - Zero Hedge--11.4.15
According to the latest ADP jobs report, services job growth has weakened as manufacturing jobs drop by 2,000. Large companies continue to be negatively impacted by trends such as low oil prices and weaker exports.

Regulator Warns of Cyberattack Extortion Targeting Banks - Fox Business--11.3.15
The Federal Financial Institutions Examination Council has issued a warning to U.S. banks of the growing threat to cyberattacks involving extortion.

21 Facts About The Explosive Growth Of Poverty In America That Will Blow Your Mind - The Economic Collapse Blog--11.2.15
Poverty is reaching unprecedented levels in this country, and the middle class is steadily dying. Good jobs are becoming harder to find and dependence on the government has never been greater.

Why 8,737 UPS retirees are bracing for pension cuts - CNN Money--10.27.15
UPS may have earned more than $3 billion last year, but 8,737 of its former workers are bracing for their pension checks to be cut next summer.

Fed holds steady; no clues about future rate hike - CNBC--10.28.15
As expected the Fed voted to maintain its zero interest rate policy, citing weakness in exports and soft inflation. The FOMC statement also gave little indication of when a rate hike would happen.

Stock Market Remains Headed for a 2007 or 1929 Crash - The Street--10.26.15
A technical analysis of the stock market can yield useful predictions that allow experts to guess when uptrends are ending and downtrends are near. These charts show that we may be due for another financial crisis.

Two billionaires give economy a D+ grade - CNBC--10.23.15
Two billionaires have given the U.S. economy a D+ average. The billionaires believes the way we track jobs needs to be updated to represent workers who no longer fall into the traditional classifications.

Americans' Outlook For The US Economy Plunges Near 2013 'Government Shutdown' Lows - Zero Hedge--10.22.15
Since February, Americans have become less confident about the future of our economy. Bloomberg has reported the National Economy Expectations tumbled to 42.0, almost as weak as during the 2013 government shutdown.

If Caterpillar's Data Is Right, This Is A Global Industrial Depression- Zero Hedge--10.21.15
The company Caterpillar has seen 34 consecutive months of declining global sales. The industrial bellwether has confirmed the world is now in an industrial recession.

Chinese yuan on track to be included in IMF basket -HSBC -- Reuters--10.20.15
The Chinese yuan has ticked "all the right boxes" to be included in the International Monetary Fund's SDR list of global currencies.

Should you be worried about a recession around the corner? - Market Watch--10.13.15
Fears are growing that the U.S. economy may be heading for another recession. While most numbers are moving forward, a growing part of these are not doing as well as they once did.

"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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