News and Trends

July 29, 2014

Israel Says It Is Escalating Gaza Campaign - Wall Street Journal--7.29.14
Israel's leaders said they were escalating the military campaign in Gaza and warned the country to prepare for a prolonged operation. This defies international demands for an immediate cease-fire.

US is no safer after 13 years of war, a top Pentagon official says - Christian Science Monitor--7.29.14
According to Lt. Gen. Michael Flynn, head of the Defense Intelligence Agency, the nation is no safer after 13 years of war. There are far more extreme threats than Al Qaeda.

Marc Faber predicts 20% to 30% drop in stocks - CNBC--7.28.14
Market expert Marc Faber is predicting a stock market drop between 20 and 30 percent by October. Earlier this month, Faver said the market was setting up for a big decline that could be as bad as the crash of 1987.

Gary Shilling: "Q2 GDP Was Closer To 1% Than To 3%. It Could Even Be A Negative Number" - Zero Hedge--7.27.14
Q2 GDP is expected to be just shy of 3%. However, expert Gary Shilling believes that not only will Q2 GDP be closer to 1%, there is a good chance it could actually be negative, meaning the economy has officially entered a recession.

US pending home sales unexpectedly fall in June- CNBC--7.28.14
Contracts to buy previous owned U.S. homes unexpectedly fell in June. Another report showed the services sector activity held at a 4 1/2 year high in July, a sign of economic momentum.

Is the Fed fueling a giant stock market bubble? - USA Today--7.27.14
Expert still warn that the U.S. is in the greatest stock market bubble of all time. Not only is the S&P 500 fully recovered from the financial crisis, its 30% higher that the peaks of the internet and housing bull markets.

‘Zombie’ Homes Without Owners Forgotten By Banks- CBS New York--7.28.14
Homes that have been without owners and forgotten by banks are known as "zombie house." These homes are causing serious issues for neighbors in the Bronx and suburbs.

Stocks off lows, but Dow still down more than 100 on Visa- CNBC--7.25.14
U.S. stocks fell on Friday despite positive economic data as concerns over unrest in Ukraine and Gaza weighed on markets. The Dow fell over 100 points, weighed by Visa.

Global economy still limping along — and you can blame the U.S. - CNN Money--7.24.14
The world economy is stuck as the risks to growth mount, according to the International Monetary Fund. A poor first quarter in the U.S. is largely to blame.

Greenspan says bubbles can’t be stopped without ‘crunch’ - Market Watch--7.24.14
Former Federal Reserve Chairman Alan Greenspan is worried about the looming Fed exit. He believes the stock market is an asset bubble on the verge of collapse.

U.S. ally cuts off communications with Obama and seeks new trade outside dollar- Examiner--7.24.14
Turkish Prime Minister confirmed that his office has cut off direct communications with President Obama and were no longer even answering calls received from the White House.

Dow poised to drop 3,000 points- Yahoo! Finance--7.23.14
It is looking like there will be no end to zero interest rates so the stock market bubble is going to get even bigger. One expert says we are probably going to see the Dow drop 2,000-3,000.

Consumer prices rise in June as gasoline prices jump - Market Watch--7.22.14
Consumer prices gained again in June and driven mainly by the rising cost for gasoline. According to the labor department, the consumer price index increased .3% in June, after a .4% gain in May.

Billionaire Warns: Yellen Collapse 'Will Be Unlike Any Other' - Money News--7.21.14
According to Jeremy Grantham, co-founder and chief investment strategist of GMO, amother horrific stock market crash is coming and the next bust will be "unlike any other."

Stocks are ignoring reality of MH17 - Market Watch--7.18.14
Stocks are up only one day after a Malaysian passenger aircraft was shot down near the Russia-Ukraine border. When a market reacts as if nothing has happened, that is a signal that the market has lost touch with reality.

We’re in the third biggest stock bubble in U.S. history - Market Watch--7.18.14
According to a new research report, the U.S. is on the brink of another stock-market bubble. Currently, U.S. stocks are overvalued by 80% on certain key long-term measures.

Only 63% of American adults are in labor force - CNN Money--7.17.14
The job market is improving, but only 63% of Americans over the age of 16 participate in the labor force. This is the weakest level since the early 1980s. Unless there is a major change in policy, the White House believes this rate will flat-line and then continue falling.

Malaysia Airlines crash triggers risk-off reaction - Market Watch--7.17.14
After the crash of a Malaysia Airlines jet investors immediately sold stocks, sending U.S. indexes sharply lower. Ukrainian officials said the aircraft may have been shot down.

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