Last week, the United States Labor Department released its monthly jobs report for August. The jobs figures suggested a bleak economy, a weak recovery and an unemployment rate of 7.3 percent. All of these statistics painted an uninspiring portrait of the nation’s overall economy, including a six-month job average trend of 160,330 per month. The […]
Archives for September 2013
Student loan bubble could start collapsing as banks stop loans
Is this just another signal that the student loan bubble is going to pop at any moment? It could be as JPMorgan Chase, one of the nation’s largest financial institutions, confirmed in a memorandum to colleges that it will cease making new student loans as of October. Reuters initially reported on the notification and discovered […]
Fed President says no interest rate hikes until 2015
Federal Reserve Chairman Ben Bernanke noted last year that interest rates wouldn’t rise until the unemployment rate falls to 6.5 percent – of course, it would depend on how the United States would get to that projected level. It was forecasted at the time that the jobless rate target would happen sometime next year. A […]
Why the stock market could crash very soon
With the possibility of the Federal Reserve slowing down its bond-buying, money-printing initiatives sometime next year – perhaps even as early as this year – many are contemplating the negative consequences it could have on the United States and global stock markets. After pumping so much money into the system hasn’t it become dependent on […]
Citigroup strategist sees gold hitting $3,500, silver rising above $100
Since the dramatic decline in gold and silver prices in April, the two precious metals have been rising steadily to $1,400 and $25, respectively. As some financial experts called the decade-long bull market a collapsing bubble, other analysts and strategists see a strong jump in bullion prices over the next few years. In an interview […]