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Banking, Stocks

“JPMorgan’s Kolanovic Sees Stock Selloff as US Debt Talks Drag On”

“…The strategist reiterated a call to remain underweight both US and European stocks as X-date approaches, with a potential political standoff on a resolution exacerbating the already present threat of a recession — particularly if 2011’s debt event is any… Continue Reading…

Economy

“U.S. Retail Sales Trail Forecast, Suggesting Drag From Inflation”

“U.S. retail sales rose by less than forecast in November, suggesting that consumers are tempering purchases against a backdrop of the fastest inflation in decades…. The value of overall retail purchases increased 0.3%, the smallest advance in four months after… Continue Reading…

Economy

“The real college crisis: Student debt drags down economy”

” The college admissions scandal may have driven the conversation about higher education this week, but away from the headlines the far bigger story is student loan debt and what it is doing to a generation of Americans… Consider a… Continue Reading…