Sunday, October 22, 2017

Economic slowdown in USA is real, not just technical

The note comes after Amit Shah attributed the slowdown – GDP growth slid for sixth qtr in a row to hit a three-yr low at 5.7% in June qtr – to “technical reasons”.

Read: Economic slowdown is real, not just technical: SBI Research – The Economic Times

U.S. Economy Grew 3% in 2nd Quarter, Fastest Pace in 2 Years 

Shoppers in New York. Economic growth in the last quarter was marked by strong consumer spending. Credit Justin Lane/European Pressphoto Agency

Source: U.S. Economy Grew 3% in 2nd Quarter, Fastest Pace in 2 Years – The New York Times

World Markets On Edge After North Korea Fires Missile Over Japan

News that North Korea fired a ballistic missile over Japan has rattled world markets. Global stock indexes are lower and safe-haven assets like gold and U.S. Treasuries are higher. U.S. stock indexes are pointed toward lower openings when the New York day session begins.

Read: World Markets On Edge After North Korea Fires Missile Over Japan

STOCKS GET CRUSHED

Stocks tumbled from their strongest levels of the day as rumor swirled that Gary Cohn, President Donald Trump’s top economic adviser, was resigning.

Source: Closing Bell, August 17, 2017 – Business Insider

 

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