Debtors Prison

China Appears Ready to Dump its U.S. Treasury Bonds

China

Although investors hang on every comment by Federal Reserve Chairwoman Janet Yellen to get insight on the direction of interest rates and what it means for the economy and asset prices, the real power to determine U.S. interest rates may be in the hands of China, according to Lombard […] Click here to view original web page at www.americanthinker.com Read More »

Russia Sanctions Accelerate Risk to Dollar Dominance

Dark

Related U.S. and European Union sanctions against Russia threaten to hasten a move away from the dollar that’s been stirring since the global financial crisis. One place the shift has become evident is Hong Kong, where dollar selling has led the central bank to buy more than $9.5 billion […] Click here to view original web page at www.bloomberg.com Read More »

Stock Market Continues Summer Sell off

Sell

U.S. stocks slid on Tuesday, with the Dow industrials posting their fourth loss in five sessions. Traders said the selling was kicked off by remarks from a Polish official warning about the potential for Russia to invade Ukraine. But traders said the scope of the declines reflected low volumes […] Click here to view original web page at online.wsj.com Read More »

Number of Unemployed Women Increased in July by 227,000

Unemployed

(CNSNews.com) – The number of unemployed women 16 years and over increased by 227,000 in July as the unemployment rate for women ticked up from 5.9 percent to 6.2 percent, according to data released today from the Bureau of Labor Statistics (BLS). In July there were 4,494,000 women who […] Click here to view original web page at www.cnsnews.com Read More »

Dow industrials tumble 317 points in worst day since Feb. 3

NEW YORK (MarketWatch) — The Dow Jones Industrial Average skidded more than 300 points Thursday in its biggest one-day drop in six months, as a combination of earnings, economic news and a default by Argentina triggered a broad selloff. Investors weighed the implications of robust economic growth and signs […] Click here to view original web page at www.marketwatch.com Read More »

U.S. Economy Grew at 4% Rate in Second Quarter

The United States economy rebounded heartily in the spring after a dismal winter, the Commerce Department reported on Wednesday, growing at an annual rate of 4 percent from April through June and surpassing economists’ expecations. In its initial estimate for the second quarter, the government cited a major advance […] Click here to view original web page at www.nytimes.com Read More »

Time To Have The ‘Money Talk’ With College Kids

My son is 18 and headed off to the University of Colorado in a few weeks. I sat down with him last night to have a talk about money. Among other things, I showed him my credit report online. His eyes widened. “They know all of that about you?” […] Click here to view original web page at www.cnbc.com Read More »

US pending home sales unexpectedly fall in June

Reduced

Paul J. Richards | AFP | Getty Images Contracts to buy previously owned U.S. homes unexpectedly fell in June, casting a cloud over the housing market recovery. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on contracts signed last month, fell 1.1 […] Click here to view original web page at www.cnbc.com Read More »