October 24, 2016
US weekly jobless claims total 260,000 vs 250,000 estimate - CNBC--10.20.16
The number of Americans filing for unemployment benefits rose more than expected last week, according to the Labor Department. Some experts believe part of the claims could be related to the effects of Hurricane Matthew.
Experts: The market is ready for a rate hike, but we need more growth - CNBC--10.19.16
The market may see a rate hike in December, but it may not take one well if the economy doesn't experience significant growth.
Mega investors sour on stocks - CNBC--10.17.16
Stocks drifted lower as investors digest the latest batch of earnings reports. Now, two well-known billionaire investors revealed they might have soured on the U.S. stock market and do not see much upside in the market.
The stock market is turning into a sloppy, ugly mess—and it could get worse- Market Watch--10.17.16
U.S. equities have been bouncing around a lot lately, but the trend remains predominately lower. Both the Dow and the S&P 500 index are on the verge of tallying three straight months of declines.
RED ALERT — Get ready for a 'severe fall' in the stock market, HSBC says - Business Insider--10.12.16
HSBC said in a note to clients that they have become on "RED ALERT" for an imminent sell-off in stocks given the price action over the past few weeks.
Central banks ‘have never been on thinner ice’ - Market Watch--10.8.16
The global financial elite believe the global central bank policy does more harm than good. In a survey of more than 100 bankers, 70 percent say monetary policy is now part of the problem instead of a solution.
The world now has $152 trillion in debt — the highest amount ever - Business Insider--10.5.16
According to the IMF, total nonfinancial sector debt has hit $152 trillion worldwide, the highest gross debt ever recorded. According to the report, much of this debt is private-sector debt from companies and households.
IMF slashes U.S. growth forecast for 2016 - CNN Money--10.4.16
The International Monetary Fund says the U.S. economy is losing momentum. According to the IMF said the American economy will expand by only 1.6% this year, down from 2.6% in 2015.
Short on cash, cities and states consider taxing nonprofits - PBS Newshour--10.4.16
City and state officials in some parts of the country are looking for ways of taxing some nonprofit businesses as cities and states struggle with a budget crisis.
U.S. manufacturers fight to keep heads above water, ISM show- Market Watch--10.3.16
The U.S. manufacturing industry is still struggling to grow amid soft demand and weak exports. One manufacturing index found that production declined in September and orders are the weakest of the year.
This ‘bubble blind’ Fed is going to trigger another brutal recession - CNBC--10.3.16
During Yellen's September press conference, the Fed chairwoman clung to the misconception that it is only possible to tell if a bubble exists after it bursts.
A Retirement Crisis? There Are Actually Three, Says Vanguard Founder Jack Bogle - Time--9.30.16
Vanguard founder Jack Bogle claims there are three retirement crises happening right now. These include the financial squeeze on social security, underfunding among pension plans and problems among the 401(k)s.
Wall Street’s ‘fear gauge’ jumps the most in 3 weeks on Deutsche Bank worry- Market Watch--9.29.16
The commonly used gauge of market concerns rose about 15% on Thursday, and was on track for its largest daily rise since September 9th on elevated concerns about Deutsche Bank.
Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks - Bloomberg--9.29.16
Job cuts, scandal and financial worry sent bank shares tumbling. Eight years after the financial crisis, the global banking industry is groping for a way forward.
Deutsche Bank economist: Why the Fed has gotten it wrong time and time again - CNBC--9.29.16
According to one Deutsche Bank expert, "The FOMC has been too optimistic for many years," and there seems to be a conflict between the Fed's economic expectations and reality.
Trump’s ‘ugly’ claim about stocks is backed by Morgan Stanley economist- Market Watch--9.29.16
Republican presidential nominee Donald Trump warned at the latest debate that stocks are in a "big fat ugly bubble, and we better be careful." His statement has now been backed by Morgan Stanley chief economist Ruchir Sharma.
Crisis at Europe’s banks threatens to roil global markets- Market Watch--9.28.16
One financial blogger is stating that Europe's problems with some of its largest financial institutions could hurt the rest of the global market.
Deutsche Bank woes stoking fears of 2008 financial crisis repeat - RT--9.28.16
Europe's biggest lender Deutsche Bank has lost more than half of its value since January, posing a threat to the stability of all other banks across the continent.
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