Top tweets Today: 15/10/2015

So as the Fed's next meeting is approaching many participants are wary that we'll see any change to the stance that was previously taken by the monetary body.  Some say that the US economy is not strong enough for both itself and the rest of the globe to begin the rate hiking process which we've already seen had a tremendous impact on most global currencies by just awaiting a decision.

So far labour numbers are good to go if that were the only measure the Fed was looking upon for a decision however there are others such as inflation that has been dampened with a stronger dollar cooling price levels right off. Then you have the issue of emerging markets.

An interesting development is what many are phrasing quantitative tightening which can be explained by the fact that the Fed having printed all this money at zero percentage funneled capital into markets with higher returns namely emerging markets however now with the hiking process months away, that same capital is making its journey back to the US drastically devaluing emerging market currencies. We yet to see the real dilemma unfold something I believe we begin to unravel in the months and perhaps even years to come.  

Here’s a checklist of hurdles the U.S. economy must get over before a December rate hike http://t.co/BMDHxdEVQE pic.twitter.com/2cWVaF4c2W

— Bloomberg Markets (@markets) October 15, 2015

Another crisis on the boil is the US debt ceiling that is only weeks away from preventing the government from making payments of debt issued. We have seen situations similar to this in 2011 and 2013 with bond grades being downgraded as a result of the bickering amongst Congress.

However to add another spin to the whole episode, House Speaker John Boehner has announced his resignation, an unwanted event that has sent Washington into a tail spin to the certainty of meeting the deadline that would ensure the ceiling is actually raised.

U.S. Treasury Secretary Jack Lew says Congress needs to raise the debt ceiling soon, or else http://t.co/gzGK3dBhyC

— Fortune (@FortuneMagazine) October 15, 2015

Earnings season is in full swing with disappointments abound as we saw last night from Walmart and Netflix both disatisfying investors who rushed to the sidelines for safety. Today was yet another bad one for Goldman Sachs who reported 3rd quarter earnings dropping for the second consecutive quarter.

They cite the pickup in volatility seen in financial markets in August and September for the poor run of results as well as bond prices.

Goldman Sachs profit hit by weak bond trading http://t.co/NouJ9QIObM

— Reuters Business (@ReutersBiz) October 15, 2015