Mississauga, ON -- (SBWIRE) -- 01/02/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "AllPennyStocks.com's 2014 U.S. Economic Year in Review."
Companies mentioned in this article include Intel (NYSE:INTC), Southwest Airlines (NYSE:LUV), Transocean (NYSE:RIG), Comcast (NYSE:CMCSA), Time Warner Cable (NYSE:TWC), 21st Century Fox (NASDAQ:FOX), AT&T (NYSE:T), DirecTV (NASDAQ:DTV), Halliburton Co. (NYSE:HAL), Baker Hughes (NYSE:BHI), Reynolds American (NYSE:RAI), Lorillard (NYSE:LO), Imperial Tobacco (OTCQX:ITYBY), Merck (NYSE:MRK), Cubist Pharmaceuticals (NASDAQ:CBST), Family Dollar (NYSE:FDO), Dollar Tree (NYSE:DLTR), Dollar General (NYSE:DG), Men's Wearhouse (NYSE:MW), Facebook (NASDAQ:FB), Pfizer (NYSE:PFE), AstraZeneca (NYSE:AZN), AbbVie (NYSE:ABBV), Shire Ltd. (NASDAQ:SHPG), eBay (NASDAQ:EBAY), Apple (NASDAQ:AAPL), Google (NASDAQ:GOOGL), Alibaba (NYSE:BABA) and Agricultural Bank of China Ltd. (OTC:ACGBY).
Article Excerpt:
After a tremendous 2103 that featured benchmark indexes in the U.S. posting robust gains of at least 25 percent, it was expected by most (including us) that equities would climb higher again in 2014, just at a slower pace than a year prior. It certainly didn't look like it at first, though, with the Dow Jones Industrial Average, S&P 500 and Nasdaq all recording significant losses in January, including the Dow tumbling more than 5 percent to ring in the new year. So much for the idea of a "January effect" following a "Santa Claus rally."
The lead horse pulling the cart in the rough start to 2014 was a little different than the one in charge as 2015 gets underway. 12 months ago, a large swath of North America was buried under ice and snow in one of the worst winters in decades. The bitter cold was hurting the economy in the first quarter as job creation slowed, consumer spending stalled (hamstring in part by skyrocketing natural gas prices), the housing market limped along, etc. ultimately resulting in the first quarterly contraction (-2.9%) in gross domestic product in three years.
Moreover, Mother Nature giving the nation a taste of her power came at a time when then-Federal Reserve Chairman Ben Bernanke was leaving his position to be replaced by Janet Yellen. Even though Yellen was widely acknowledged as holding a dovish stance on stimulus, the markets were coping with the main bank's decision to begin tapering monthly asset purchases by $10 billion per month. Since September 2012, the Fed had been holding interest rates near zero and purchasing $85 billion every 30 days in Treasuries and mortgage-backed securities in a bid to stimulate the economy known as quantitative easing.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_us/special-reports/496/allpennystockscom-2014-us-economic-year-in-review.htm
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