May 22, 2015
Stockman: Stocks and bonds will 'crash soon' - Yahoo! Finance--5.22.15
David Stockman wants to warn the world that stocks and bonds are on the verge of catastrophic collapse. Stockman states that excessive monetary policy has forced central banks all over the world into a corner.
Deposit freezes at Greek banks 'likely' - Moody's - Financial Times--5.20.15
There is a "high likelihood" that capital controls and deposit freezes will be imposed on Greek banks, according to Moody's.
5 of the world's biggest banks are expected to plead guilty in an unprecedented criminal case - Business Insider--5.19.15
Five of the world's biggest banks are expected to be hit with a bill of more than $5 billion and criminal charges over the rigging of currency markets.
US import prices fall for 10th straight month - CNBC--5.13.15
U.S. import prices fell for a 10th straight month in April, reflecting the impact of a strong dollar which could encourage the Fed to hold off on raising interest rates.
Retail sales flat in April as gas savings continue to be pocketed - MarketWatch--5.13.15
Retail sales were flat in April as Americans cut back on gasoline, autos, home furnishings and electronic goods, among other things.
HSBC WARNS: The world economy faces a 'titanic problem' - Business Insider--5.13.15
In a note to clients, HSBC chief economist Steven King warned that the next recession could be on the horizon and there are several things that could trigger the next recession.
America's Future Got $7 Trillion Worse Since the Financial Crisis- Yahoo! Finance--5.11.15
According to new calculations by the Committee for Responsible Federal Budget, higher interest costs, Social Security and Medicare for baby boomer will all lead to a $7 trillion increase in debt held by the public.
More evidence U.S. job creation has lost sizzle - Market Watch--5.11.15
The pace of hiring in the U.S. has lost momentum according to a pair of surveys, including one that's closely watched by the Fed and Fed Chairwoman Janet Yellen.
US Productivity Suffers First Consecutive Quarterly Plunge Since 1993 - Zero Hedge--5.6.15
U.S. productivity suffers first consecutive quarterly plunge since 1993 after plunging 1.9% in Q1 following a 2.1% slump in Q4.
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