A SCARY 1929 PARALLEL, UKRAINE ON THE VERGE OF COLLAPSE, AND YELLEN SAYS THAT CONDITIONS FACING ECONOMY EXTREMELY UNUSUAL.

Posted: February 11, 2014 in Uncategorized
Tags: , , , , , , , , , , , ,

More economic news concerning the Global Economy and what awaits Americas Economy. There is a chart that is eerily similar to the stock market crash that is making the rounds on Wall Street. . Ukraine ratings were downgraded by Fitch Ratings Agency that will have financial instability ramifications. You still need to look through the fog to hear from the head of the feds that something isn’t right. Check back for more updates…

UKRAINE
MARKETWATCH.COM: There are eerie parallels between the stock market’s recent behavior and how it behaved right before the 1929 crash.
That at least is the conclusion reached by a frightening chart that has been making the rounds on Wall Street. The chart superimposes the market’s recent performance on top of a plot of its gyrations in 1928 and 1929.
The picture isn’t pretty. And it’s not as easy as you might think to wriggle out from underneath the bearish significance of this chart READ MORE: http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11
RT.COM: The worsening political and economic circumstances in Ukraine has prompted the Fitch Ratings agency to downgrade Ukrainian debt from B to a pre–default level CCC. This is lower than Greece, and Fitch warns of future financial instability.
“Intensification of political and economic stress is such that default on government debt becomes probable,” Fitch said in an e-mail.
On the brink of default, the Ukrainian economy has taken a further beating as protests drag on in the capital Kiev. Foreign debt is $140 billion, nearly 80 percent of the country’s gross domestic product READ MORE: http://rt.com/business/ukraine-default-fitch-downgrade-386/

SCARY PARELLEL
CNBC: Recent weak employment reports haven’t been enough to sway the Federal Reserve from reducing the pace of its monthly stimulus program, Chair Janet Yellen said Tuesday.
In her first public remarks, delivered to the House Financial Services Committee, Yellen said the central bank does not look at economic reports in a vacuum when determining its policy course.
“We have to very careful not to jump to conclusions interpreting what those reports mean,” she said. “There were weather factors. We’ve had unseasonably cold temperatures that may be affecting economic activity in this job market and elsewhere READ MORE: http://www.cnbc.com/id/101407210

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