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Headlines to Watch

Week of October 9, 2017

 50% of millennials would give up this fundamental American right to have their student loans forgiven.

 

 

It's not news that millennials are in debt. 42.3 million Americans owe a total of $1.33 trillion in federal student loans, according to the U.S. Department of Education. 20-somethings pay on average $351 a month, reports the Federal Reserve. The median monthly payment for that age range is $203.

Now a survey from Credible, conducted through Pollfish, offers insight into just what millennials would be willing to do to be free of those loans. The most popular answer the 500 respondents between the ages of 18 and 34 chose for what they would be desperate enough to sacrifice: suffrage….

(Source: cnbc.com)

https://www.cnbc.com/2017/09/29/millennials-would-give-up-this-right-to-wipe-out-their-student-loans.html?recirc=taboolainternal

 

U.S. Jobs Dropped By 33,000 In September, Likely Due To Storms

 

 

 

 

 

 

 

 

 

 

 

Tourists walk past a restaurant, closed in preparation for hurricane Irma, in Fort Lauderdale, Fla., on Sept. 7. The Bureau of Labor Statistics says a drop in U.S. jobs in September was likely reflecting the impact of hurricanes on workers — particularly restaurant employees who aren't paid if they aren't on the job.

The U.S. economy shed 33,000 jobs in September, according to the latest report from the Bureau of Labor Statistics, while unemployment fell to 4.2 percent.

The September payrolls drop broke a nearly seven-year streak of continuous job gains, but economists caution that the drop is likely representing the short-term consequences of bad weather, not a long-term shift in the job market.

Before this report, the economy had added an average of about …

(Source: npr.org)

http://www.npr.org/sections/thetwo-way/2017/10/06/556071100/u-s-jobs-dropped-by-33-000-in-september-likely-due-to-storms?sc=17&f=1001&utm_source=iosnewsapp&utm_medium=Email&utm_campaign
=app

 

The next financial crisis may be triggered by central banks

The process of withdrawing monetary stimulus is fraught with danger

AS WITH London buses, don’t worry if you miss a financial crisis; another will be along shortly. The latest study on long-term asset returns from Deutsche Bank shows that crises in developed markets have become much more common ….

(Source: The Economist)

https://www.economist.com/news/finance-and-economics/21729750-process-withdrawing-monetary-stimulus-fraught-danger-next

Bankers fret consumer fallout from massive Equifax hack

 

Bankers fret consumer fallout from massive Equifax hack: Consumers impulse buying may fall!!

(Source: reuterstv.com)

https://www.reuters.tv/v/avy/2017/09/30/bankers-fret-consumer-fallout-from-massive-equifax-hack

 

TERM OF THE DAY

Opportunity Cost

Opportunity cost refers to a benefit that a person could have received, but gave up, to take another course of action. Stated differently, an opportunity cost represents an alternative given up when a decision is made. This cost is, therefore, most relevant for two mutually exclusive events. In investing, it is the difference in return between a chosen investment and one that is necessarily passed up….

(Source: Investopedia.com )

http://www.investopedia.com/terms/o/opportunitycost.asp

 

CRN-1919058-101017 

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