U.S. Disinflation Hits Retirees, Treasury Yields
Prices rose 1.7% over the last twelve months as the inflation growth rate continued to fall, pinching retiree incomes and long-term U.S. Treasury yields, which remain near their lowest point.
Category: News Desk
Finland could See a Third Year of Negative Economic Growth
Over the last three years, the Finnish economy has been suffering significantly from what has been recognized as an unprecedented slump. The GDP within the country is currently set to see a decline for the third year in a row. Yet, this country still pays for an inefficient and bloated socialized health care program that consumes much of the tax payers’ expenditures.
What do you expect if tens of thousands of your citizens are unwilling to pay for themselves?
U.S. Youth Miss Out on Home Sales Surge, Falling Mortgage Rates
U.S. home sales rose to their highest point in a year thanks to lower mortgage rates and a slowdown in home prices, but few young people are benefiting from the trend.
ECB Inspects Banks’ Lending as Bond Buying Begins
The European Central Bank has begun purchasing covered bonds in its latest effort to lift the European economy and save the eurozone from deflation. The ECB is planning to buy as much as 700 billion euros’ worth of bonds in its latest round of quantitative easing.
Welsh Economy Loses Momentum, Despite Positive Signs
In September, data about the Welsh economy suggested that the country had seen a rise in employment within the private sector. This rise implied that the rate of job creation was at the highest rate in the history of the survey. However, despite this, the economic upturn seems to have lost its momentum, with output rising at the slowest pace in over a year and a half.
Stock Dive Turns Rally on QE Tease
A steep fall in stocks reversed late last week as investors bet on a new round of money printing from the Federal Reserve.
Blackouts and South Africa’s Weak Economy
Evidence has recently arisen that South Africa’s emerging electricity bill could threaten just about everything within the region, from sovereign debt to swimming pools. On almost a daily basis, consumers within South Africa are required to:
* Turn off their pool pumps
* Switch off their water heaters
* Shut down just about anything that could save power through peak periods
Japanese Economy Hit by Higher Taxes and a Pitiful America
Recently published statistics have shown that Japan suffered a decline in its exports during August of this year. Shipments to the United States began to contract, adding to existing concerns surrounding their economy. Japan has been worried about potentially pitiful growth taking place in the third quarter of 2014, after suffering a deep drop throughout April-June.
Well, what do you expect when you have high taxes and a socialized health care program?
Jobless Claims Fall to Lowest Level Since 2000
Surprising economists and investors who expected deflation and constrained growth from falling oil prices, unemployment claims cratered to their lowest level in nearly a generation.
Unemployment claims fell to 264,000, down 8% from the prior week’s level, which remained unrevised. The Department of Labor reported that unemployment claims fell far below expectations, bringing the four-week average of unemployment claims to 283,500, the lowest level since June 2000.
Thailand’s Poor Exports Point to Economic Issues
Recently, exports in Thailand fell by their largest amount since the flooding of 2011 paralyzed the economy. Exports, which equal over 60% of the Thai economy, dropped approximately 7.4% from a year earlier in comparison to a forecast of a 3.6% decline. During the summer of this year, shipments dropped around 0.85%, and the recent data has shown that Thailand’s essential exports are not bringing in the growth the area needs. At the same time, consumption remains weak, leaving many economists to wonder how growth will be generated.
