SurvivalBlog reader G.P. sent in this link to Town Hall explaining why central banks are accepting the risks of super-low rates [1].
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Items from the Economics Team:
5 Minimalist Secrets to Saving Money [2] (Simplicity Relished)
China’s Fix for Falling Profits is Only Making Things Worse [3] (Business Insider)
The Data Isn’t Good: U.S. Companies Warn Recession is Coming [4] (Zero Hedge)
The Fed Can’t Raise Rates…But Must Pretend It Will [5] (Mises Institute)
3M Plans to Cut 1,500 Jobs [6] (Bloomberg Business)
Weatherford International Plans 3,000 More Job Cuts by End of 2015 [7] (Fuel Fix)
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Items from Mr. Econocobas:
US New Home Sales Fall Sharply in September [8] (ABC News)
Fed Rate Hike Is a Risk to Stocks and Corporate Bonds, Government Says [9] (Market Watch) – There is so much to say here but have to limit myself. First off, duh, it took a government agency to figure that out? Second, if they did away with any telegraphing of what might happen at this point it may make things a little less volatile, but if they ever raised rates (which is unlikely in my opinion) the preceding crash would be of epic proportions.