Does anyone have a dollar stretcher I could borrow or could I pick from your money tree? Isn’t this something that most of us are wishing for right now. Unemployment rates are at an all time high and it seems that cutbacks and instability are have become a permanent part of our thinking.
I have often wondered how it would be to live in a country that gets hit by bombs on a regular bases or where there is fighting in the streets. What is the mindset of those that live there? How do they survive from day to day? I know this is an analogy that is dealing with life and death but I think most of us can apply it to our outlook of our job stability. It’s called conditioning.
Times have changed. Not too long ago the mindset of most Americans was that you would get a stable job and could stay with that company until you retire, if you wanted to. You would have a retirement and insurance waiting for you at the end of that duty. Not so today, there are very few companies left that would fit this model and so we have gradually had to shift our paradigm in a new direction. We now have become conditioned to know that we can’t rely on a job anymore. We have to think and plan now like someone that lives in a country like I mentioned above. We have to think outside of the box, plan more and make escape routes for when war breaks out or when we hear the bomb siren going off. We may even travel lighter now and not grow roots as deep because we may not be staying in one location. For most of us life has changed. It’s not doom and gloom it’s just life and we survive.
We lean more on each other. We lend a helping hand and we gain a stronger appreciation and love for fellow human beings.
Exclusive: EU aims to complete capital markets union by 2019
The European Union will put in place its "capital markets union" by 2019, starting with quick wins like encouraging direct investment in businesses, an EU document seen by Reuters showed. The document, co-written by EU financial services chief Jonathan Hill, sets out a timetable for the first time on a core policy of the European Commission to help revive the bloc's flagging economy. Harmonising rules for capital markets to increase the trade in stocks, bonds and other securities is an important goal for the EU. Sceptics say a fully seamless union of EU capital markets is impossible to achieve.
U.S. durable goods data signal weaker business spending
A gauge of U.S. business investment plans fell for a fourth straight month in December, a potential sign that slowing global growth and falling crude oil prices were starting to weigh on the economy. "The drop in capex will weigh on growth, though stronger consumer spending should keep GDP from slowing too much," said Chris Low, chief economist at FTN Financial in New York. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 0.6 percent last month after a similar decline in November. Weak capital goods spending is likely to catch the attention of Federal Reserve officials, who started a two-day policy meeting on Tuesday.
Greek fears send European stocks sliding again
Intensifying anxiety over Greece sent European stock markets lower Tuesday, with the new government set on a collision course with creditors over plans to renegotiate its enormous bailout, analysts said. London's benchmark FTSE 100 index of top companies fell 0.99 percent to 6,784.61 points in mid-afternoon trading, as investors also digested data showing Britain's economic growth slowed to 0.5 percent in the fourth quarter of 2014. New Greek Prime Minister Alexis Tsipras unveiled his anti-austerity coalition administration, bringing together his radical left-wing party with a small party on the nationalist right, after a stunning election win that sent shockwaves through Europe. Tsipras declared Sunday that Greece is "leaving behind disastrous austerity" and the so-called troika of creditors "is finished", in reference to the country's international lenders the European Union, the International Monetary Fund and the European Central Bank.
Wall St tumbles with Microsoft, Caterpillar; data weighs
U.S. stocks fell sharply on Tuesday, with Microsoft and Caterpillar shares tumbling after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment. Microsoft fell 10 percent to $42.27 the day after the Dow component reported results. Shares of construction and mining equipment maker Caterpillar fell 7.5 percent to $79.52 after its net profit came in below market expectations. "U.S. equities could come under pressure as investors ratchet down their growth estimates for the U.S. economy," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.
S.Africa's rand weakens for 3rd day on power crunch
South Africa's rand weakened against the U.S. dollar for the third straight session on Tuesday, pressured by concerns over the damage persistent electricity blackouts will have on a stuttering economy. South Africa's troubled power utility Eskom said on Tuesday it had widened power outages and there would be rolling blackouts for a second day in a row. "Eskom blackouts are proving a regular problem," said Bart Stemmet, an analyst at NKC Independent Economists. The currency had rallied to 7 week highs last week after the European Central Bank said it would buy 60 billion euro ($67.28 billion) worth of assets each month to try and stimulate growth in the euro zone.