Good news for Obama: US economic growth has been strong this quarter
La Verne Amigo
There is evidence that the US economy is at its highest for 2014 and is still improving. The US government stated that the gross domestic product during the third quarter has gone up 5%, which is higher than the previous forecast of 3.9% growth.
ADVERTISING
Financial analysts revealed that this year’s economic growth was the highest America has experienced since 2003. This makes America a leading destination for investors from 2014 onwards.
The first quarter of 2014 showed a negative growth rate, which was caused by the harsh winter and other weather disturbances that led to damage in crops and properties. However, after this initial setback, the economy recovered very quickly.
Rapid economic growth was brought about by the strengthening of business investments, housing exports, government spending, and consumer spending.
The roll back in gas prices has encouraged consumers to spend more as they expect good business prospects and a healthy economy. Recently, Americans saved close to $500 dollars on gas since the decline in prices, and this money has gone right back into the economy.
As a result of the growth, a recent poll showed that Americans are now highly confident that the country’s economy is indeed going to keep improving. This is good news for a country with consumers that are still nervous about the recession from 2008.
The healthy economic environment led to the opening of more establishments and an increase in both demand and supply of jobs. In November, 321,000 jobs were created and a lot more job openings are expected in the coming months.
On the other hand, interest rates are expected to go up, one thing that many Americans dread. As can be remembered, interest rates remained low for almost a decade, and some people fear that the increase would be so large that it might stagnate economic growth.
The US economy is now very and healthy, and it is hoped that gas prices will remain low to increase the spending power of consumers, which in turn, would boost the economy and lead to economic growth.
Despite this spurt in growth, the public has been warned by officials not to feel too confident that growth can be sustained because just recently, investment returns seemed to have waned a bit. If the trend continues, the US economy would be exhibiting lower growth rate in the next quarter.
Good news for Obama: US economic growth has been strong this quarter
La Verne Amigo
There is evidence that the US economy is at its highest for 2014 and is still improving. The US government stated that the gross domestic product during the third quarter has gone up 5%, which is higher than the previous forecast of 3.9% growth.
ADVERTISING
Financial analysts revealed that this year’s economic growth was the highest America has experienced since 2003. This makes America a leading destination for investors from 2014 onwards.
The first quarter of 2014 showed a negative growth rate, which was caused by the harsh winter and other weather disturbances that led to damage in crops and properties. However, after this initial setback, the economy recovered very quickly.
Rapid economic growth was brought about by the strengthening of business investments, housing exports, government spending, and consumer spending.
The roll back in gas prices has encouraged consumers to spend more as they expect good business prospects and a healthy economy. Recently, Americans saved close to $500 dollars on gas since the decline in prices, and this money has gone right back into the economy.
As a result of the growth, a recent poll showed that Americans are now highly confident that the country’s economy is indeed going to keep improving. This is good news for a country with consumers that are still nervous about the recession from 2008.
The healthy economic environment led to the opening of more establishments and an increase in both demand and supply of jobs. In November, 321,000 jobs were created and a lot more job openings are expected in the coming months.
On the other hand, interest rates are expected to go up, one thing that many Americans dread. As can be remembered, interest rates remained low for almost a decade, and some people fear that the increase would be so large that it might stagnate economic growth.
The US economy is now very and healthy, and it is hoped that gas prices will remain low to increase the spending power of consumers, which in turn, would boost the economy and lead to economic growth.
Despite this spurt in growth, the public has been warned by officials not to feel too confident that growth can be sustained because just recently, investment returns seemed to have waned a bit. If the trend continues, the US economy would be exhibiting lower growth rate in the next quarter.
50-Year Veteran Warns A Massive Reset Of The World Financial System Is Coming
April 25, 2016
With the U.S. dollar continuing to trade near recent lows and gold trading near $1,240, today a 50-year market veteran warned King World News that a massive reset of the world financial system is coming.
John Embry: “Eric, just when you think things can’t become any more artificial or ludicrous, Bloomberg comes out with a report that the Japanese central bank, by virtue of its month-to-month purchases of Japanese stock ETFs, is now a top ten holder in approximately 90 percent of the Japanese companies that make up the Nikkei 225 Index…
Continue reading the John Embry interview below…
Advertisement
To hear what billionaire Eric Sprott & Rick Rule are doing with their own money and which $7 billion company John Embry & Dr. Marc Faber overseeclick on the logo:
John Embry continues: “That most assuredly is not the central banks’ traditional role, but it vividly reveals the depth of the problems facing the global system. Japan is the poster boy because it is further down the road to total financial destruction, with its government funded debt now exceeding 250 percent of GDP, while its population both shrinks and ages and its economy wallows.
But make no mistake, virtually all important Western industrialized countries are on the same path, with unsustainable debt loads, stagnating economies and historically overvalued financial markets.
I laughed when I saw the cover of this week’s Economist Magazine, which covered the topic, ‘What Hillary Clinton Can Do To Fix The American Economy.’ Aside from essentially awarding the U.S. Presidency to her in November, they actually had the gall to suggest that a lifelong politician might have some workable solutions. This is typical of the mainstream media, which continues to publish little more than unrealistic garbage about the global economic and financial scene.
Hyperinflation And A Global Reset What is most probable in my mind is the eventual onset of hyperinflationary conditions, which will prompt a massive reset of the world’s entire currency system. When that even occurs, the U.S. will lose its exorbitant privilege of providing the world’s reserve currency and the implications for all North Americans are anything but positive.
Things Are Getting Very Interesting In The Silver Market However, the sooner this happens the better because with each passing day the problems just get bigger and the coming dislocation becomes that much more socially disruptive. But while all of this is occurring, the powers that be are moving heaven and earth to suppress the prices of the only real money — gold and silver. In the case of silver, open interest in silver almost reached a record high on Friday as the commercials, i.e. the big bullion banks, continued to pile on the shorts.
Now, at any other time in the past 5 years the silver price would have already been crushed. So I take considerable encouragement from the fact that silver is holding its own in the $17 range and the stocks are maintaining their strength. I have believed for some time now that there is no longer any middle ground for silver. Either the price manipulators can keep it in the present $15 – $17.50 trading range for a further period of time, or the price is going to explode upwards when the shorts are overrun. And then silver will make a relatively rapid move to the all-time high of $50 and beyond.
Persistent and growing shortages of physical silver are, at the very least, improving the odds of the huge upside move. Stay tuned, Eric, because things are now getting very interesting.”
***KWN has now released the powerful audio interview with whistleblower Andrew Maguire and you can listen to it byCLICKING HERE OR ON THE IMAGE BELOW.
***KWN has also now released the fascinating audio interview with top trends forecaster Gerald Celente and you can listen to it byCLICKING HERE OR ON THE IMAGE BELOW.
50-Year Veteran Warns A Massive Reset Of The World Financial System Is Coming
April 25, 2016
With the U.S. dollar continuing to trade near recent lows and gold trading near $1,240, today a 50-year market veteran warned King World News that a massive reset of the world financial system is coming.
John Embry: “Eric, just when you think things can’t become any more artificial or ludicrous, Bloomberg comes out with a report that the Japanese central bank, by virtue of its month-to-month purchases of Japanese stock ETFs, is now a top ten holder in approximately 90 percent of the Japanese companies that make up the Nikkei 225 Index…
Continue reading the John Embry interview below…
Advertisement
To hear what billionaire Eric Sprott & Rick Rule are doing with their own money and which $7 billion company John Embry & Dr. Marc Faber overseeclick on the logo:
John Embry continues: “That most assuredly is not the central banks’ traditional role, but it vividly reveals the depth of the problems facing the global system. Japan is the poster boy because it is further down the road to total financial destruction, with its government funded debt now exceeding 250 percent of GDP, while its population both shrinks and ages and its economy wallows.
But make no mistake, virtually all important Western industrialized countries are on the same path, with unsustainable debt loads, stagnating economies and historically overvalued financial markets.
I laughed when I saw the cover of this week’s Economist Magazine, which covered the topic, ‘What Hillary Clinton Can Do To Fix The American Economy.’ Aside from essentially awarding the U.S. Presidency to her in November, they actually had the gall to suggest that a lifelong politician might have some workable solutions. This is typical of the mainstream media, which continues to publish little more than unrealistic garbage about the global economic and financial scene.
Hyperinflation And A Global Reset What is most probable in my mind is the eventual onset of hyperinflationary conditions, which will prompt a massive reset of the world’s entire currency system. When that even occurs, the U.S. will lose its exorbitant privilege of providing the world’s reserve currency and the implications for all North Americans are anything but positive.
Things Are Getting Very Interesting In The Silver Market However, the sooner this happens the better because with each passing day the problems just get bigger and the coming dislocation becomes that much more socially disruptive. But while all of this is occurring, the powers that be are moving heaven and earth to suppress the prices of the only real money — gold and silver. In the case of silver, open interest in silver almost reached a record high on Friday as the commercials, i.e. the big bullion banks, continued to pile on the shorts.
Now, at any other time in the past 5 years the silver price would have already been crushed. So I take considerable encouragement from the fact that silver is holding its own in the $17 range and the stocks are maintaining their strength. I have believed for some time now that there is no longer any middle ground for silver. Either the price manipulators can keep it in the present $15 – $17.50 trading range for a further period of time, or the price is going to explode upwards when the shorts are overrun. And then silver will make a relatively rapid move to the all-time high of $50 and beyond.
Persistent and growing shortages of physical silver are, at the very least, improving the odds of the huge upside move. Stay tuned, Eric, because things are now getting very interesting.”
***KWN has now released the powerful audio interview with whistleblower Andrew Maguire and you can listen to it byCLICKING HERE OR ON THE IMAGE BELOW.
***KWN has also now released the fascinating audio interview with top trends forecaster Gerald Celente and you can listen to it byCLICKING HERE OR ON THE IMAGE BELOW.
Welcome back to the second instalment of our Weekly Financial News Digest series. These instalments aim to pick up on the past week’s key financial news with a special emphasis on bitcoin. As always links to the sources are provided for readers who would like a more in depth look at the covered events.
This week’s digest has a particular emphasis on the looming currency crisis as this may well bring about the next big development in the bitcoin price index. Please check out the previous edition ofthe Weekly Financial News Digest in case you missed it. Before we get going however I would encourage you to click this must watch talk by Andreas M Antonopolous at Wired Money.
Us government grants $3 million to research cryptocurrencies
In another promising sign for cryptocurrencies, the US government has awarded $3 million dollars to researchers from Cornell, Maryland and UC Berkeley. The funding is aimed to define a “rigorous scientific foundation” for bitcoin and other cryptocurrencies.
Specifically, the researchers are tasked with addressing smart contracts and other challenges of cryptocurrencies, with a particular emphasis on stability, anonymity and security.
In order to overcome these hurdles, the award winners will have to blend cryptography, game theory, programming languages, and system security techniques. Principal investigator Elaine Shi said:
“We believe that our research can help establish cryptocurrency as a prominent research area, and make a big impact in shaping the future of financial transactions and e-commerce.”
Early warning signs suggest that a strong dollar foreshadows another emerging market currency crisis. Fear abounds amid the Brazilian Real hitting a 12-year low on Monday, and Southeast Asian currencies reaching their lowest points since the financial crisis in the late 1990s.
Adding to these fears, Mexico and South Africa’s exchange rates are at their lowest levels ever compared to the dollar.
For Latin American countries like Mexico, the resurgent US dollar awakens memories of the early 1890s, when the North American currency helped trigger the Latin American Debt crisis. The world is a lot more integrated today than it was in the 1980s and 1990s, meaning that regional currency volatility has to be seen in an interconnected global context.
The reasons for the current currency crisis are a strong dollar, weakening prices of commodities and the Federal Reserve reportedly increasing interest rates in September.
Six months after a funding round of $70 million, payment processor Stripe has been valued at a staggering $5 billion. Founded in 2011, the San Francisco-based startup processes billions of dollars a year for global businesses, and has helped pioneer bitcoin integration for online merchants.
The company focuses on mobile payments, a rapidly growing segment of the payments industry. Forrester Research, an independent technology and market research company, estimates that US citizens will spend as much as $90 billion through mobile devices in 2017.
Stripe takes 2.9% in commission from most transactions, comparing favourably to the 3% taken by Visa. Despite this seemingly small difference, 0.1% can amount to a fortune over a lifetime.
China is seeing its years of stellar growth come to an unruly halt, as growth fell to its lowest level since 2009. With many suspecting Beijing of dabbling with the numbers already, the 8.5% slump in stock prices on Monday has been taken to signify a dramatic change in direction for the chinese economy.
With the world more interconnected than ever, China’s dragging performance may spread to healthier economies. “We need all the growth we can get. A slowdown in China wouldn’t help,” said Ameriprise Financial’s chief strategist.
Former heavyweight champion Mike Tyson is getting ready to enter the bitcoin space. Tyson, whose fastest knockout in the ring was 30 seconds, claims that his new bitcoin ATM can convert cash into bitcoin in even less time than that.
Gold’s problems have only just begun
Claude Erb, a prominent gold forecaster has predicted that the precious yellow metal might drop as far as $350 an ounce. This would represent an ignominious decline, similar to the one experienced by bitcoin in 2013.
Unlike the cryptocurrency however, gold has less use cases for real world utility, leading some to believe that bitcoin will soon overtake the precious metal in terms of value.
Erb’s estimations are substantially lower than the those of other experts in the space. Having co-authored an influential research paper which predicted the fall of gold three years prior to most other researchers, Erb’s estimation of gold as an overpriced inflation hedge carries significant weight.
Shell has announced that it will cut 6,500 jobs in 2015 in an effort to slash costs. The netherlands-based oil giant will not be alone however, as Centrica will also shed 6,000 jobs.
These layoffs reflect the turbulent times in the oil industry with a barrel of oil now trading for as little as $49 a barrel.
The key factors behind this steep decline is the record OPEC output coupled with the prospect of increased oil exports from Iran, as western sanctions are lifted.
Thanks for reading the second edition of the Weekly Financial News Digest. For any neglected topics, financial news stories, or suggestions, please message me @grundy_10. If you have any other questions, would like to find out more about Bitcoin, or want to take out a loan, please visitBitbond.com
Fun read of the week: Boozy Brit Buys £300 worth of Pizza in Bitcoin Blunderhttp://bit.ly/1MBUCwN Must watch of the week: Andrea Antonopolous speaking at Wired Money
Chris is Online Marketing Manager @Bitbond, SEO specialist and avid tech fan! Living in Berlin and loving life! Follow him on twitter @grundy_10 for Marketing, Tech and Bitcoin news. Like the article? Why not send some satoshis to 1F9VWcHNRwLzzeQEcK2qcvbvosGJCc5NC1
Welcome back to the second instalment of our Weekly Financial News Digest series. These instalments aim to pick up on the past week’s key financial news with a special emphasis on bitcoin. As always links to the sources are provided for readers who would like a more in depth look at the covered events.
This week’s digest has a particular emphasis on the looming currency crisis as this may well bring about the next big development in the bitcoin price index. Please check out the previous edition ofthe Weekly Financial News Digest in case you missed it. Before we get going however I would encourage you to click this must watch talk by Andreas M Antonopolous at Wired Money.
Us government grants $3 million to research cryptocurrencies
In another promising sign for cryptocurrencies, the US government has awarded $3 million dollars to researchers from Cornell, Maryland and UC Berkeley. The funding is aimed to define a “rigorous scientific foundation” for bitcoin and other cryptocurrencies.
Specifically, the researchers are tasked with addressing smart contracts and other challenges of cryptocurrencies, with a particular emphasis on stability, anonymity and security.
In order to overcome these hurdles, the award winners will have to blend cryptography, game theory, programming languages, and system security techniques. Principal investigator Elaine Shi said:
“We believe that our research can help establish cryptocurrency as a prominent research area, and make a big impact in shaping the future of financial transactions and e-commerce.”
Early warning signs suggest that a strong dollar foreshadows another emerging market currency crisis. Fear abounds amid the Brazilian Real hitting a 12-year low on Monday, and Southeast Asian currencies reaching their lowest points since the financial crisis in the late 1990s.
Adding to these fears, Mexico and South Africa’s exchange rates are at their lowest levels ever compared to the dollar.
For Latin American countries like Mexico, the resurgent US dollar awakens memories of the early 1890s, when the North American currency helped trigger the Latin American Debt crisis. The world is a lot more integrated today than it was in the 1980s and 1990s, meaning that regional currency volatility has to be seen in an interconnected global context.
The reasons for the current currency crisis are a strong dollar, weakening prices of commodities and the Federal Reserve reportedly increasing interest rates in September.
Six months after a funding round of $70 million, payment processor Stripe has been valued at a staggering $5 billion. Founded in 2011, the San Francisco-based startup processes billions of dollars a year for global businesses, and has helped pioneer bitcoin integration for online merchants.
The company focuses on mobile payments, a rapidly growing segment of the payments industry. Forrester Research, an independent technology and market research company, estimates that US citizens will spend as much as $90 billion through mobile devices in 2017.
Stripe takes 2.9% in commission from most transactions, comparing favourably to the 3% taken by Visa. Despite this seemingly small difference, 0.1% can amount to a fortune over a lifetime.
China is seeing its years of stellar growth come to an unruly halt, as growth fell to its lowest level since 2009. With many suspecting Beijing of dabbling with the numbers already, the 8.5% slump in stock prices on Monday has been taken to signify a dramatic change in direction for the chinese economy.
With the world more interconnected than ever, China’s dragging performance may spread to healthier economies. “We need all the growth we can get. A slowdown in China wouldn’t help,” said Ameriprise Financial’s chief strategist.
Former heavyweight champion Mike Tyson is getting ready to enter the bitcoin space. Tyson, whose fastest knockout in the ring was 30 seconds, claims that his new bitcoin ATM can convert cash into bitcoin in even less time than that.
Gold’s problems have only just begun
Claude Erb, a prominent gold forecaster has predicted that the precious yellow metal might drop as far as $350 an ounce. This would represent an ignominious decline, similar to the one experienced by bitcoin in 2013.
Unlike the cryptocurrency however, gold has less use cases for real world utility, leading some to believe that bitcoin will soon overtake the precious metal in terms of value.
Erb’s estimations are substantially lower than the those of other experts in the space. Having co-authored an influential research paper which predicted the fall of gold three years prior to most other researchers, Erb’s estimation of gold as an overpriced inflation hedge carries significant weight.
Shell has announced that it will cut 6,500 jobs in 2015 in an effort to slash costs. The netherlands-based oil giant will not be alone however, as Centrica will also shed 6,000 jobs.
These layoffs reflect the turbulent times in the oil industry with a barrel of oil now trading for as little as $49 a barrel.
The key factors behind this steep decline is the record OPEC output coupled with the prospect of increased oil exports from Iran, as western sanctions are lifted.
Thanks for reading the second edition of the Weekly Financial News Digest. For any neglected topics, financial news stories, or suggestions, please message me @grundy_10. If you have any other questions, would like to find out more about Bitcoin, or want to take out a loan, please visitBitbond.com
Fun read of the week: Boozy Brit Buys £300 worth of Pizza in Bitcoin Blunderhttp://bit.ly/1MBUCwN Must watch of the week: Andrea Antonopolous speaking at Wired Money
Chris is Online Marketing Manager @Bitbond, SEO specialist and avid tech fan! Living in Berlin and loving life! Follow him on twitter @grundy_10 for Marketing, Tech and Bitcoin news. Like the article? Why not send some satoshis to 1F9VWcHNRwLzzeQEcK2qcvbvosGJCc5NC1
