German Domestic Demand Powers Q2 Growth; American Dream Slipping into Nightmare; East Asian Markets Mixed after Fed’s Whiff on Tapering Start Date

Eagle Eye Opener

German Domestic Demand Powers Q2 Growth (Reuters)

German domestic purchases in the second quarter were the strongest in a year, lending credence to the idea that Europe’s clawing its way out of its 18-month recession. Germany’s second quarter expansion of .7 percent in gross domestic product was fueled by new construction after a brutal winter, business’ appetite for machinery and stronger individual consumption. And this across-the-board growth has analysts’ attention. Economist Holger Sandte of Nordea remarked, “The composition of the growth is very good. It is being driven more strongly from within, which is good for Germany and the euro zone.” It will be up to individual investors like you as to whether the world buys the European Union’s comeback in the third quarter.

American Dream Slipping into Nightmare (The Daily Ticker)

A report out yesterday from Sentier Research found that the median annual income of American households is slipping away like grains of sand through an hourglass.  This past June, median annual income was found to be $52,100, down 4.4 percent from December 2009, 6.1 percent from December 2007 and 7.2 percent from January 2000. Unfortunately, the solution to sliding incomes could be even worse than the problem, according to The Daily Ticker’s Henry Blodget, since it likely will be “solved by government, probably through taxation.” As an investor, it’s hard to see how the government taking more of our investable funds will ultimately increase our income, but then, that’s part of the whole nightmare scenario.

East Asian Markets Mixed after Fed’s Whiff on Tapering Start Date (Bloomberg)

Exclusive  Pemex Oil Still Playing Monopoly at 75… But Not Much Longer; Run on Russia: Property Values on the Rise; Markets Tiptoe up to Fed Announcement Wednesday

After a resounding “no decision” on the actual start date for the Fed’s tapering of its stimulus program, trading seems to be returning to normal (read: mixed) in East Asia. Japan’s Nikkei 225 and Tokyo Stock Exchange Index ended the session up 2.21 and 1.97 percent, respectively. Conversely, Hong Kong’s Hang Seng ended today down .15 percent, Shanghai’s Composite Index fell .47 percent and Shenzhen’s Composite Exchange lost .17 percent. And with the rout of emerging markets seemingly losing momentum, it appears investors could be in for a better week starting Monday.

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Even though a computer error halted Nasdaq trading for three hours, stocks pushed higher today, thanks in part to data showing an improving jobs market.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE