September 15, 2014
Why stocks could get slammed soon - CNBC--9.11.14
According to strategists, stocks could tumble if the speculation about the Fed dropping some of the dovishness from its post-meeting statement next week comes true.
China inflation data show economy losing momentum - CNBC--9.10.14
China's consumer inflation eased in August while wholesale deflation intensified. This kind of data shows that the Chinese economy is struggling to stage a convincing recovery.
Professional Investors Are Preparing For A Stock Market Crash - ETF Daily News--9.10.14
A growing number of professional investors are preparing for a stock market crash. Billionaire George Soros made a huge bet, increasing his short position by 605%.
The U.S. Student Loan Debt Crisis Will Dwarf The Mortgage Crisis - MFI-Miami--9.8.14
Since 2010, student loan debt has reached $1.5 trillion and has become second only to mortgage debt in the U.S. This debt is bigger than the debt of the nation of Columbia.
Home Depot Data Breach Could Be the Largest Yet - NY Times--9.8.14
Home Depot has confirmed that hacker had broken into its in-store payments systems, in what could be the largest known breach of a retail company's computer network.
US job market's lingering weak spot: Stagnant pay - CNBC--9.9.14
The U.S. job market may be steadily improving but there is one gauge that isn't, Pay. Most people are still waiting for a decent raise as average hourly pay only crept up about 2% a year since the recession.
Survey: U.S. workers face a dim future - My Fox NY--9.8.14
U.S. workers are facing a dim future, with stagnate and falling pay and fewer openings for full-time jobs. More than 40 percent of respondents foresee lower and pay and benefits for workers.
Hiring slows as U.S. adds 142,000 jobs - Market Watch--9.5.14
The U.S. created just 142,000 jobs last month to mark the smallest gain since December, according to government data. This fell short of the 228,000 originally forecasted.
US weekly claims rise modestly as workers produce less in Q2 - CNBC--9.4.14
The number of Americans filing new claims for unemployment benefit rose more than expected last week. A separate report showed that U.S. labor costs were far more weaker than previously thought in the second quarter.
Ecuador set to create state-backed digital currency... to ditch dollar? - RT--8.30.14
Ecuador is planning on creating the world's first digital currency issued by the country's central bank, which is seen by many as a step to abandon the U.S. dollar. The currency is expected to start circulation in December.
Icahn, Soros, Druckenmiller, And Now Zell: The Billionaires Are All Quietly Preparing For The Plunge - Zero Hedge--9.3.14
According to billionaire investor Sam Zell, "economic activity is not at an all-time." According to Zell, companies are missing on the revenue side, a reflection that there is a demand issue.
Fed: US consumers have decided to 'hoard money'- Yahoo! Finance--9.2.14
The St. Louis Federal Reserve believes they know why the US has lacked inflation despite all the money being pumped into the economy: consumers and their willingness to "hoard" money.
Prepare for a swoon, but not because it’s September- Yahoo! Finance--9.2.14
On average, stocks usually swoon in September and many individual investors have raised concerns that this summer rally could really grind to a halt.
JP Morgan Chase reportedly hacked by Russian cyber criminals - The Inquirer--8.28.14
The United States FBI is reportedly looking into a coordinated cyber attack on international banking JP Morgan. According to an insider, sophisticated attacks were coordinated by Russian hackers against JP Morgan and four other financial institutions.
Fed Vice Chairman Warns: Your Bank May Seize Your Money to Recapitalize Itself - SHTF Plan--8.27.14
Recent comments made by Federal Reserve Vice Chairman Stanley Fischer suggests that not only are domestic economies struggling, but the U.S. government itself is preparing a financial plan in anticipation of another widespread event.
Two experts warn correction could total 60% - CNBC--8.27.14
Markets could soon face a fall of up to 60%, according to experts. According to one expert, a jolt of international confidence in central banks will lead to a 30-60 percent market decline.
Fore: Federal deficit to drop this year, but financial pain to skyrocket in future - The Washington Times--8.27.14
Congress may have managed to reign in year-to-year government spending, but big time entitlement programs like Social Security and federal health programs remain unchecked and will ultimately drive deficits higher.
US services sector growth slows for 2nd straight month in Aug: Markit - CNBC--8.25.14
The pace of growth in the US services sector fell for a second straight month in August, hitting its lowest level since May. This suggests the recovery is losing momentum since hitting a post-crisis peak in June.
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