“Intensifying job losses will put further pressure on consumer spending, raise mortgage, credit card and other debt defaults as households already face wealth loss from falling home values and volatile stock market. Will also reinforce need for fiscal stimulus including tax cuts and unemployment insurance.” ( RGE Monitor ) This is the cycle we are [...]

Shares in mainland China dropped 5.6% yesterday. ( according to WSJ) To put that in context that would be equivalent to a 690 point drop in the DOW. 690 POINTS. Could you imagine what the fed would be doing if we had a day like that???? What set it off according to the journal? Continued [...]