Global economy slump

The NASDAQ and global economy appear to be in a slump. Retail sales and producer prices were reported falling in the US while global markets have also taken hits. Oil prices have fallen and China and Germany’s economy are reportedly struggling. Many Americans appear to be saving money and avoiding debt as a potential health hazard also breaks out worldwide. According to Bloomberg, concerns regarding an Ebola outbreak have affected the stock of US airlines. Joseph Ciolli stated stocks have declined as much as 22 per cent over fears of a decrease in airline travel. Not only that, Ciolli reported that Andrew Wilkinson of Interactive Brokers had stated markets could be in ‘bad moods’ which have affected various stocks. Reuters reported retail sales were down by as much as 0.3 per cent for September, but the surprising part was after factoring out gas, autos, building supplies, and food service, sales were still down by as much as 0.2 per cent. A decline in clothing retail was reported around 1.2 per cent, which may be a significant factor, but Reuters also stated retail sales may have seen a greater decline if it was not for the launch of the iPhone six, according to guardianlv.com