School-Loan Reckoning: 7 Million Are in Default - WSJ

This is really an incredible statistic and if it weren't for all the other economic stories unfolding, this would be front page and center or should be. School-Loan Reckoning: 7 Million Are in…


Short-seller Chanos on China: 'It's worse than you think'

Whenever you have a chance to listen to Chanos, take it.  He's not a boaster, admits he has no idea where the market is going but has some controversial opinions that have proven to be far more right…


Fading Economy and Graft Crackdown Rattle China’s Leaders - The New York Times

Fading Economy and Graft Crackdown Rattle China’s LeadersBy MICHAEL FORSYTHE and JONATHAN ANSFIELDAUG. 22, HONG KONG — It was hardly an unusual start to the day for a senior Chinese leader in a…


Dow Drops More Than 1,000 Points

More bad news from China, plummeting emerging-market currencies, and a likely change in the Fed’s rate plans send investors to the sidelines. Source: Dow Drops More Than 1,000 Points