Economics

US economic fears spark global sell-off

Wednesday, October 15, 2014
By Paul Martin

London’s benchmark index plunges, while markets in Europe and on Wall Street tumble on poor economic data By Ben Martin TelegraphUK 15 Oct 2014 Growing fears about the US economy sparked a global stock market sell-off, with shares in London, Europe and the US falling sharply following poor data from America. The FTSE 100... »

Dow Drops 1500 Points In 3 Weeks, Nasdaq Enters ‘Correction’ As VIX Breaks 30

Wednesday, October 15, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/15/2014 From 17,350 intraday highs “proving the recovery is here,” we are 1500 points down just 3 weeks later. The Nasdaq just fell 10.5% from its highs, officially in correction. VIX broke above 30. Perhaps, just perhaps, the gap to fundamentals is finally about to be filled… The Rest…HERE Share... »

US Financial Stocks Tumble Most In 2 Years, Catch Down To Credit, Red In 2014

Wednesday, October 15, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/15/2014 Despite manufactured earnings reports that apparently ‘beat’ US financial stocks are the worst performer today and down 9% from its highs in mid-September. Today’s drop in XLF – the Financials ETF – is the biggest since Nov 2012, and is red for 2014 now. Of course, this should not... »

European Stocks Plunge, Enter Correction (-11% From Record Highs)

Wednesday, October 15, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/15/2014 Greece (-6.5% today), Italy (-4.4%), Spain (-3.6%), and Portugal (-3.2%) all saw major stock price collapses today dragging the broad European Stoxx 600 index down 11.4% from its highs just 18 days ago… All European stock indices are now red for 2014 The Rest…HERE Share on Facebook »

New internet security flaw discovered: Google researchers say ‘Poodle’ bug could give hackers access to your bank details…(Get Ready For A Cyber Attack On The Banks!!)

Wednesday, October 15, 2014
By Paul Martin

Poodle allows hackers to see data meant to be encrypted in plain text This could allow access to accounts for email, banks and other services Source of flaw is a widely-used, outdated encryption protocol, SSL 3.0 So far, no one has used the Poodle bug in SSL 3.0 to hack an account Web users... »

X 22 Report:FED Tapering But Preparing To Implement QE4 When The Economy Collapses

Wednesday, October 15, 2014
By Paul Martin

German forecasts are cut once again. US small business confidence is continually declining. Wells Fargo shows that mortgage applications are declining and real estate is imploding. The FED is hinting they will be implementing QE4 when the economy collapses. Obamacare costing millions more. CDC revamping procedures.Ebola vaccines will be ready in 2015. Iraq indicating... »

A Stunned Wall Street Reacts To Today’s Epic Move

Wednesday, October 15, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/15/2014 “In the first 15 minutes of trading the S&P 500 E-Minis traded below the S&P 500 cash index despite a fair basis, according to Bloomberg, of -6.72. This is unheard of and something I have never witnessed in my near fourteen year career on the Street. I can only... »

Europe Is Flirting With A Bizarre New Kind Of Economic Meltdown That Hasn’t Been Seen Since The 1930s

Wednesday, October 15, 2014
By Paul Martin

Mike Bird BusinessInsider.com Oct. 15, 2014 Inflation is crumbling across Europe. In fact, in several countries, it’s already negative. Economists are increasingly worried that the whole continent is going to drop into deflation. Most people don’t know what deflation means. We’re familiar with its opposite, inflation. That’s the condition in which prices keep rising,... »

Time For The Plunge Protection Team: S&P Red For The Year, 10Y Under 1%, Europe Crashing. No Liquidity

Wednesday, October 15, 2014
By Paul Martin

by Tyler Durden ZeroHedge.com 10/15/2014 A quick summary of where we have been this morning: VIX > 27 (3yr highs); S&P 500 -0.4% year-to-date (6mo lows); 2Y TSY yield < 25bps (17mo lows); 10Y TSY yield < 1.90% (17mo lows); European stocks -3% (11mo lows) lows; US HY credit 410bps (15mo wides); WTI Crude... »

“Secret Scheme To Manipulate The Price Of Silver” – Lawsuits Against Banks Proceed

Wednesday, October 15, 2014
By Paul Martin

GoldCore GoldSeek.com Wednesday, 15 October 2014 Gold fixing in London at NM Rothschild and Sons began in September 1919 Litigation alleging that Deutsche Bank, Bank of Nova Scotia and HSBC Plc illegally fixed the price of silver were centralised in a Manhattan federal court yesterday. The banks have been accused of rigging the price... »

Support Revolution Radio