Financial News Round Up for Oct 2, 2012

Financial News Round Up for Oct 2, 2012<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Call Wes Peters at 877-864-1072 to schedule a free consultation and get your questions answered about investing in gold and silver while there is still time.    Free information kit available. mwpeters@swissamerica.com
 
U.S. Consumer Spending Stalls Adjusted for Inflation - Business Week
Consumer spending in the US barely rose in August after adjusting for inflation. Household purchases only rose .5% and the gain mainly reflected a .4% jump in prices, leaving so-called real spending up a mere .1%. The weak growth shows the economy is really struggling to gain momentum.
http://www.businessweek.com/news/2012-09-28/consumer-spending-in-u-dot-s-dot-stagnates
 
8 early warning signs inflation is percolating - Market Watch
When it comes to inflation there are some early warning signs that investors can monitor. Inflation may be low at the moment, but some type of shock or monetary policy mistake could potentially spur "significant and sustained increases in inflation."
http://www.marketwatch.com/story/8-early-warning-signs-inflation-is-percolating-2012-09-26
 
Obama's Diplomatic "Reset" Is Taking the Form of a Currency War - Forbes
According to the author of the article, "at the heart of every currency war is a paradox." Currency wars may be fought internationally, but they are driven by domestic distress and begin with insufficient internal growth. The author continues to say the Fed and the president are now outsourcing to the rest of the world the burden of getting the American economy recovered.
http://www.forbes.com/sites/briandomitrovic/2012/09/25/obamas-diplomatic-reset-is-taking-the-form-of-a-currency-war/
 
 
Billionaires Dumping Stocks, Economist Knows Why - Money News
A handful of billionaires are quietly dumping their American stocks. Warren Buffett himself is dumping shares at an alarming rate complaining of "disappointing performance" in American companies. With a good amount of the US economy dependent on consumer spending, Buffett's lack of faith could prove worrisome.
http://www.moneynews.com/Outbrain/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=FE8A-1
 
Spain Is On The Verge Of A Massive Implosion, The Global Financial System Is About To Crumble - Investment Watch
Spain was once the fourth largest economy in Europe during the boom years, but now the Spanish economy is collapsing with no end in sight. Just like we saw in Greece, austerity is causing the economy to slow down and tax revenue to fall, making it more difficult to meet budget targets.
http://investmentwatchblog.com/spain-is-on-the-verge-of-a-massive-implosion-the-global-financial-system-is-about-to-crumble/
Call Wes Peters at 877-864-1072 to schedule a free consultation and get your questions answered about investing in gold and silver while there is still time. Free information kit available. mwpeters@swissamerica.com
 
 

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