Friday, August 8, 2014


Wall Street Journal | Junk-Bond Exodus Accelerates
Investors pulled a record $7.1 billion from junk-bond funds in the week ended Wednesday, fund tracker Lipper said, the latest sign of investor anxiety following a long rally.

Econ Comments & Analysis                                                                                            
Congressional Research Service | Reducing the Budget Deficit: Overview of Policy Issues
The federal budget deficit was the largest it has been since World War II as a percentage of GDP from 2009 to 2012, peaking at 10.1% of GDP.
Congressional Budget Office | Monthly Budget Review for July 2014
The federal government ran a budget deficit of $462 billion for the first 10 months of fiscal year 2014, CBO estimates—$146 billion less than the shortfall recorded over the same span last year.

Wall Street Journal | Consumer-Spending Growth Crashed in Nevada After the Recession
Consumer spending went bust in Nevada like nowhere else in the country.