Monday, October 13, 2014

Economy

US falls to twelfth in economic freedom according to Cato.

The Hiltons sold the Waldorf Astoria for $2 billion to Chinese buyers.

US stocks continue falling.
""There is a huge question mark about what does growth look like. The U.S. was the best house in a bad neighborhood, but we didn't realize the neighborhood might have been deteriorating faster than we realized. Europe is a big question mark, and China seems happy with its lower growth rate," said Kim Forrest, senior equity analyst at Fort Pitt Capital."
If the US is the best house in the neighborhood, the western world is in big trouble.

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