September 23, 2014
Study: Recovery eludes long-term unemployed - USA Today--9.22.14
More than 20% of Americans laid off in the past five years are still unemployed. One in four of those who found work only have a temporary job, according to a survey.
U.S. existing home sales fall, investors pulling back- Yahoo! Finance--9.22.14
U.S. home resales unexpectedly fell in August as investors stepped away from the market. According to the National Association of Realtors, existing home sales dropped 1.8 percent to an annual rate of 5.05 million units.
Time to worry? Russell 2000 hits 'death cross' - CNBC--9.22.14
The Russell 2000 has flashed a bearish signal. For the first time in two years the small-cap index has hit a so-called "death cross." A "death cross" occurs when a nearer-term 50-day moving average falls below a longer-term, 200-day moving average.
New central bank stimulus launched for eurozone - St Louis Today--9.18.14
The European Central Bank has launched a new stimulus program aimed at getting banks to lend more. The central bank handed out 82.6 billion euros in ultra-low interest loans to 255 banks.
Fed and TWTR Overvaluation, Evidence of Looming Market Crash: Stockman - Yahoo! Finance--9.17.14
The Fed has reassured investors that it will hold interest rates near zero for a "considerable time" after it ends its bond-buying program. However, market expert David Stockman has significant concerns about that very policy.
Nearly Half of Americans in Major Cities Are in State of Financial Insecurity - NY Times--9.17.14
According to a new study, nearly half of all households in major U.S. cities don't have enough money saved to cover essential expenses in an emergency.
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.
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