December 22, 2014
The Fed Is Running On The Final Fumes Of Its Credibility - Zero Hedge--12.22.14
The Federal Reserve has no idea what is going on in the markets and no idea what they are doing. In the midst of it all, Fed chairman Janet Yellen and the rest of the Fed have engineered a rationale for doing nothing.
Thank you Sony! Cybersecurity stocks soar - CNN Money--12.22.14
The massive Sony hack is breathing new life into cybersecurity stocks. Wall Street is betting that the Sony incident will encourage other companies to ramp up spending to defend themselves from any attacks of their own.
Existing Home Sales Collapse Most Since July 2010, Downtick In Stock Market Blamed - Zero Hedge--12.22.14
Existing home sales plunged 6.1% in November. One market expert is blaming the drop on the stock market.
For North Korea's cyber army, long-term target may be telecoms, utility grids - Yahoo! Finance--12.19.14
The hacking attack on Sony may have been a practice run for North Korea's cyber army in a long-term goal of being able to cripple telecoms and energy grids in other nations.
Government hacks and security breaches skyrocket - CNN--12.19.14
Cyber security and intelligence say the Sony hack is only just the beginning. A CNN review shows that cyber attacks against federal agencies are skyrocketing. Last year there were almost 61,000 cyber attacks and security breaches across the entire federal government.
Swiss central bank imposes negative interest rates- Yahoo! Finance--12.18.14
The Swiss National Bank made a move force commercial banks to pay to deposit their francs in the bank. This was done in an effort to to prevent the Swiss franc from appreciating too much.
Russian Bank Run Could Be ‘in the Cards,’ UralSib Capital Says - Bloomberg--12.17.14
The Russian economy may come to "a sudden stop" and a bank run could be a possibility. A full blown currency and financial crisis has been occurring in Russia and experts fear a possible bank run in the event of a panic.
Plunging oil 'to spark more global tensions' in 2015 - Cent News--12.16.14
Oil prices are currently tumbling from global oversupply and causing geopolitical tensions in key producers of crude. Since June, oil prices have lost around half their value thanks to abundant supplies, a stronger dollar and weak demand.
Memories of financial crisis fading as risks rise - CNBC--12.15.14
It has been nearly six years since the collapse of the Lehman Brothers and the lessons of that financial crisis may already be fading from collective memory. The trend towards pre-crisis lending practices is starting to cause worry among analysts.
Paying Down The Debt Is Now Almost Mathematically Impossible - Zero Hedge--12.12.14
The U.S. has gone from being the biggest creditor in the world to its biggest debtor. Decades of spending have racked up such an enormous pile of debt that it has become almost impossible to pay it down.
The Rise of Men Who Don’t Work, and What They Do Instead - The New York Times--12.11.14
The chances of not working have changed in the last 15 years. Now, teenagers are far more likely not to work and older people are retiring later in life and working more.
I've never seen consumers more cautious: Langone - CNBC--12.10.14
Home Depot co-founder Ken Langone sees extreme wariness among consumers. According to Langone, "the consumer is more cautious now more than I've ever seen them."
These 7 Revealing Emails Show Federal Officials Scheming to Target Legal Businesses - The Daily Signal--12.8.14
Senior officials at the FDIC actively sought to crack down on legal businesses that they deemed morally objectionable, according to a new report. E-mails from the officials show them scheming to influence banks' decisions on who to do business with.
Where The Jobs Were: Secretaries, Waiters, Retail, Education, Leisure And Temp-Help - Zero Hedge--12.5.14
Retail Trade, Education and Health, and Leisure and Hospitality led the way for job gains this past month. All of these minimum wage or just above jobs.
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