Submitted by Adam Taggart via PeakProsperity.com,
Eric Hunsader, founder of Nanex, has been at the vanguard of warning about the dangers and the rampant fraud that the rise of high-frequency trading (HFT) algorithims have let loose in today's financial markets.
There were some rumors reported late last week that the world's biggest chip maker was about to fire a major portion of its workforce. Moments ago the company confirmed these rumors, when it reported that it was firing a whopping 11% of its entire workforce, laying off a massive 12,000 workers.
From the report:
We get the clear impression today that we heard this from the depths of The Eccles Building...
As earnings offer little to no support whatever here....
ISIS militants have executed 250 women for refusing to engage in ‘sexual jihad’ with their fighters since Iraq’s largest city Mosul fell into their hands in early June 2014. Under the pretext of Shariah law women are forced to submit to sexual slavery through temporary marriage otherwise they could face harsh penalties for refusing. Abna24 reports: A Kurdistan Democratic Party (KDP) official from Mosul, Said Mamuzini, said that life is too hard for the women in Mosul due to the ISIS strict rules imposed on them.
Despite the proclamations from any and every Federal Reserve talking-head, Sam Zell appears to be willing to 'peddle some fiction' about the less than awesome reality in America. Having correctly called the top of the last commercial real-estate cycle, Zell is predicting global problems will likely push the U.S. into a recession in the next year...
"I’m not being pessimistic, I’m being realistic,” he said last week at a real-estate conference in New York. The U.S. economy is now “in the ninth inning,” he said.