Eagle Eye Opener
Bernanke’s Blessing: Stimulus Saves Corporate America $700 Billion
Along with juicing the market and fattening investor portfolios, the U.S. government’s most recent stimulus plan has been a boon for corporate America, saving it some $700 billion in interest payments on loans.
Big Pharma Discharged by Chinese Doctors
Doctors are now refusing to see pharmaceutical reps in China, for fear of being implicated in the growing drug scandal there.
Global Markets on the Clock with Fed Announcement at 2:00 pm EDT
Today, analysts and investors alike fully expect the U.S. Federal Reserve to start what has long-been rumored: tapering the United States’ $85 billion a month stimulus plan.
European Auto Sales Dip to 23-Year Low
According to the European Auto Manufacturers Association, passenger car sales in the European Union (EU) this year are hitting their lowest level since 1990 — the first year total sales numbers were tracked.
Goldman Analysts Expect Gold to Hit New Lows in 2014
Even without the support of the Fed’s full $85 billion a month in bond-purchasing stimulus fueling the economy, analysts at Goldman Sachs still expect the United States’ economic recovery to march along in 2014. As it does, they’re also saying that the price of gold will touch new lows next year.
Northern Trust Entrusts its Funds in Global Markets
Asset manager Northern Trust Corp. manages more than $800 billion and is making its biggest bet on equities since 2008.