GBP News 

UK public becoming more pessimistic over Brexit economic impact

“The British public has become more pessimistic about the economic impact of Brexit, a major new survey for the Bank of England has found” writes Ben Chu for independent.co.uk. The UK economy is projected to grow by just 1.5 per cent over 2017 by the Office for Budget Responsibility.A survey by NMG of some 6,000 households, conducted in September, shows that the proportion of households expecting leaving the European Union to harm the UK economy has risen since the second half of 2016.The NMG survey, published as part of the Bank’s Quarterly…

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Markets News Stocks 

How you feel about Trump’s economy probably depends on whether you own stocks

“If you play the stock market, then you’re far more likely to approve of what President Donald Trump has done to the economy” writes Joe Ciolli for businessinsider.com. US corporations are currently enjoying a prolonged stretch of impressive earnings growth, which has historically been the biggest driver of stock gains.The survey found that 41% of participants who own stocks think their personal economic situation has gotten better this year, while only 15% say it’s gotten worse.It’s important to note that, despite Trump’s attempts to take credit, the stock market hasn’t…

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News 

Don Lemon: Trump Riding The Economic Momentum Created By Obama, He Should Be Thanking Him

“Don Lemon on his CNN show Tuesday night and Wednesday night said President Trump should be thanking former President Obama for “handing” him a really good economy” reports realclearpolitics.com. He said on Tuesday that he doesn’t think “people are stupid” and “realize” that Trump is “riding the momentum” of an economy Obama created. Source: realclearpolitics.com Share This:

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News Regulators 

Why the Fed Raised Rates

“Interest rates on car loans have risen slightly; interest rates on mortgage loans are at roughly the same level as when the Fed started to raise rates” writes Karl Russell for nytimes.com. Job Growth — a Key Consideration for the Fed — Is Robust The economy has added 196,000 jobs a month on average since the Fed started to raise rates in 2015.Credit card rates, however, have increased steadily since 2009 and could continue to as the Fed raises rates.Judging that the economy no longer needed as much help, the…

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News 

The Economy Grows? Buy Tech! The Yield Curve Flattens? Also Buy Tech!

“To investors, it seems like big technology firms can do no wrong: Even signs of economic worry could be good news for them” writes Jon Sindreu Wsj for wsj.com. After eight years of continued expansion, some analysts are worried about the U.S. yield curve, which is now at its flattest since 2007, before the financial crisis. A flattening yield curve can […].  Source: wsj.com Share This:

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Crypto News 

Why the Bitcoin and Cryptocurrency Economy Needs to Be Regulated — and How

“For these reasons, the crypto-economy can be too interconnected and too big to fail, just like the traditional economy” writes Jordan French for thestreet.com. Already the crypto-economy and the traditional economy have more convergence than people realize.Now is the time to talk about bridging the gap between the crypto and traditional economy in order to safely create better access to a level playing field. Source: thestreet.com Share This:

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News 

Is the economy surging or sleepwalking?

“The key question: Has the economy turned a corner and moved from a sleepwalking pace of 2.4 to 2.5 percent real GDP growth to a more beneficial and sustained 3 percent?” writes Bruce Yandle for washingtonexaminer.com. The bottom line suggests we will continue to see sleepwalking economic growth in spite of some handsome labor market gains.Two consecutive quarters of plus-3 percent GDP growth would seem to support the Wall Street Journal headline.As readers of this column have heard before, the U.S. economy is sleepwalking.A similar consideration of GDP growth, even…

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Markets News Regulators 

Asian shares fall back as investors cautious over Fed, China

“The S&P 500 index rose 0.3 percent to 2,659.99” reports foxbusiness.com. Shares were mostly lower in Asia on Tuesday as investors stepped back after several days of advances, erasing early gains.KEEPING SCORE: Japan’s Nikkei 225 index lost 0.3 percent to 22,866.17 while South Korea’s Kospi dropped 0.5 percent to 2,458.56.ENERGY: Benchmark U.S. crude gained 43 cents to $58.42 per barrel in electronic trading on the New York Mercantile Exchange.”The Fed sees enough strength in the overall economy, despite the lack of inflation, to still go ahead and continue to hike…

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News 

Major airlines are finally taking on the biggest threat to their business

“But one group that has been caught off guard is the legacy airlines that once operated with impunity around the world” writes Benjamin Zhang for businessinsider.com. Basic economy is a discount fare class that exists within an airline’s economy cabin.Great for consumers, but a real pain the in the butt for legacy airlines.All three airlines allow basic economy passengers to bring on board one personal item/bag that will fit underneath the seat. Source: businessinsider.com Share This:

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Jerome Powell won’t mess up the strong economy he’s been dealt

“This week, the Federal Reserve will likely have its last monetary policy meeting with both Jerome Powell and Janet Yellen in the building” writes Peter Morici for marketwatch.com. With or without a tax cut, the economy offers no reason for haste.However, of all those, only a tax cut is likely in the near term.As for monetary policy, Gov.For the first time since 2004, the economy is on the verge of registering three consecutive quarters of 3% or better growth. Source: marketwatch.com Share This:

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