Economics

Ebola-Stricken West African Economies Are Crashing

Wednesday, October 1, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/01/2014 We warned five weeks ago of the potential economic damage that the Ebola virus could do to West African economies, and now it appears The IMF, The World Bank, and the United Nations Food and Agricultural Organization have warned that Liberia and other West African economies, as WaPo reports,... »

US manufacturing, construction suffer setbacks; Dow ends down 238 points; small-cap Russell 2000 in correction territory; Trader: ‘Potential for 500-point drop next month’

Wednesday, October 1, 2014
By Paul Martin

Investmentwatchblog.com October 1st, 2014 World Bank Warns of ‘Economic Imperative’ to Respond Rapidly To Ebola World Bank Group President Jim Yong Kim will says the world is once again learning the ‘terrible consequences’ of responding too slowly to a pandemic. As first US case is diagnosed, Jim Yong Kim says the world has a... »

ELIZABETH WARREN: The Secret New York Fed Tapes Confirm The Game Is Rigged

Wednesday, October 1, 2014
By Paul Martin

Myles Udland BusinessInsider.com Oct. 1, 2014 Sen. Elizabeth Warren (D-Mass.), who has called for congressional hearings regarding conduct at the Federal Reserve following the ProPublica and This American Life report from last week, told NPR in an interview on Wednesday that the report, “tells us exactly what we already knew.” Warren told NPR’s Steve... »

Ebola Crisis, America Headed For Lockdown? Gold, Silver & Fed

Wednesday, October 1, 2014
By Paul Martin

KingWorldNews.com October 1, 2014 Today one of the legends in the business warned King World News about the Ebola crisis and the possibility of America being headed for a lockdown. Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter... »

Goldman Global Leading Indicator Drastically Revised, Collapses Into “Confirmed Slowdown”

Wednesday, October 1, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/01/2014 Just 2 short weeks ago, Goldman nervously admitted that possibly perhaps maybe their Global Leading Indicator was indicating a “slowdown” was coming, but remained hopeful that the rest of the month would see data pick up and prove them wrong. Now that the final data has been released for... »

Most Prestigious Financial Agencies Say Global Economy Is In Real Trouble

Wednesday, October 1, 2014
By Paul Martin

WashingtonsBlog.com October 1, 2014 Bad Government Policy Has Made It Likely We’ll Have a New Financial Crisis The head of the world’s most prestigious financial body, the “Central Banks’ Central Bank” – The Bank for International Settlements – said recently the global financial system is currently “more fragile” in many ways than it was... »

Ebola Could Cause ‘Economic Collapse’ Guinea’s President Warns

Wednesday, October 1, 2014
By Paul Martin

By Neanda Salvaterra WSJ.com Oct 1, 2014 Guinea has been more successful in containing the Ebola epidemic than its immediate neighbors in West Africa, but the loss of revenue caused by the crisis has left the country in dire financial straits, President Alpha Condé said after concluding a round of meetings at the United... »

Russell 2000 Enters 10% “Correction” As S&P, Dow, Transports Break Crucial Technical Support

Wednesday, October 1, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/01/2014 The small-cap Russell 2000 is down over 10% from its July highs (down 6.2% year-to-date) as VIX is back over 17. Treasury yields continue to collapse (down 8-9bps today alone) with 10Y trading with a 2.40% handle (and 3Y under 1% again). All other major equity indices are also... »

Japan Stunned After Biggest Ever, $617 Billion “Fat Finger” Trading Error Slams Stocks

Wednesday, October 1, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/01/2014 Bloomberg reports that stock orders amounting to a whopping $617 billion (yes Bilion with a B) or more than the size of Sweden’s economy, were canceled in Japan earlier today, for reasons unknown although the early culprit is that this was one of the biggest trading errors of all... »

Karl Denninger- We Could Be Headed for a 1930’s Style Depression…. ‘The longer that the Fed stays involved in their manipulation of market rates, the more likely it becomes…’

Wednesday, October 1, 2014
By Paul Martin

By Greg Hunter USAWatchdog.com October 1, 2014 Financial analyst and writer Karl Denninger says forget about President Obama’s promise of “no boots on the ground” in the fight with the Islamic State. There will be boots, and Denninger explains, “Air power has never won a war, and it never will. You can bomb people... »

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