Thursday, August 22, 2013

US existing home sales jump to 3-year high- CNBC Headline

US existing home sales jump to 3-year high: "After being devastated by a financial crisis and the 2007-09 recession, the U.S. home market appeared to turn a corner early last year, helped by steady job creation and extremely low interest rates.

"The current housing market recovery is on a solid footing," said Lawrence Yun, chief economist at the NAR."

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Here’s who’s really living with Mom and Dad

Here’s who’s really living with Mom and Dad: "Here's the stereotype: Across the country, basements are full of 20- and 30-somethings who graduated from college and now live with mom and mad because they can't find a job.

The reality? Millions of the millennials who are stuck in their parents' homes don't have a college degree and can't get a break in this harsh economy, a new analysis of government data shows."

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Global economic uptick boosts stocks, euro

Global economic uptick boosts stocks, euro: "The global economy showed signs of improvement on Thursday with factory output improving in two of the world's largest economies.

Euro zone flash composite purchasing manager's index (PMI) rose to 51.7 in August, from 50.5 last month, beating estimates. It was the best reading since June 2011."

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Is the rupee ‘out of control’?

Is the rupee ‘out of control’?:

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Wells Fargo eliminates 2,300 mortgage jobs

Wells Fargo eliminates 2,300 mortgage jobs: "The latest round of cuts brings the total number of jobs cut by the country's largest mortgage lender to 3,000 since July."

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Report: Household income below end-of-recession

Report: Household income below end-of-recession: "The average American household is earning less than when the Great Recession ended four years ago, according to a report released Wednesday.

U.S. median household income, once adjusted for inflation, has fallen 4.4 percent in that time, according to the report from Sentier Research. The report is based on an analysis of Census Bureau data."

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Uh oh. No one is tracking these trading errors

Uh oh. No one is tracking these trading errors: "It seems odd, to say the least, that this kind of information is unavailable. It means that we can't answer some basic questions about the frequency and fairness of trade cancellation. "

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Monday, August 5, 2013

Pandemic of pension woes is plaguing the nation - THE DEATH KNELL IS HERE

Pandemic of pension woes is plaguing the nation: "Nine states—Hawaii, Alaska, Kansas, Rhode Island, New Hampshire, Louisiana, Connecticut, Kentucky and Illinois—have now set aside less than 60 percent of what they need. Illinois has saved just 43 cents to cover every dollar of what it needs to pay 350,000 retirees and 500,000 current plan participants who are counting on a pension check."

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US equity funds see highest-ever inflows in July - HERE COME THE LEMMINGS !

US equity funds see highest-ever inflows in July:

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Breaking down the Wall St.-Main St. disconnect- OR... How we screwed America and got rich by Ben Bernanke and Company

Breaking down the Wall St.-Main St. disconnect: "So the S&P 500 makes a succession of record highs and boosts the wealth of holders of financial assets, and the unemployment rate creeps along at 7.4 percent while job creation was a lackluster 162,000 in July."

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US directs agents to cover up program used to investigate Americans

US directs agents to cover up program used to investigate Americans:

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