Leroy Kelsey

11 Flips | 4 Magazines | @llkelsey | Keep up with Leroy Kelsey on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Leroy Kelsey”

Consumers And Housing Are Still Saving The Economy

• 92 down -2 w/w, down -0.5% YoY<p>Initial jobless claims<p>Tax Withholding<p>In the last month, the ASA has deteriorated to being negative compared with last year, and had its worst comparison yet this week. After having a great 20-day comparison last week, this week tax withholding had its worst YoY …

Markets

Steep drop in exports signals China’s GDP growth is even worse than first thought

China’s trade data for May make it increasingly clear that the country’s robust export performance of late has been distorted by faked invoicing.<p>Exports grew only 1% in May, compared with the same month in 2012; they had risen 14.7% year-on-year in April. And that 1% growth is yet another sign that …

China

7 financial terms every serious entrepreneur should know

<i>Jed Simon is the chief executive officer of FastPay, an online finance company focusing on digital businesses.</i><p>There are brilliant technologists and business leaders in today’s tech world, but while startups have their own, great talents, we’re seeing one common weakness: lack of understanding …

Cheap credit has inflated the markets, and we could be in for a crash landing

During the past four centuries, there have been five occasions when major credit bubbles have led to stonking crashes. Tulip mania in 17th-century …

Young, black and buried in debt: How for-profit colleges prey on African-American ambition

Useless degrees are now too-good-to-be-true tickets to the American Dream — targeted at those who can’t afford it<p>There are a few dictums that have enjoyed pride of place in black American families alongside “Honor your parents” and “Do unto others” since at least Emancipation. One of them is this: …

Euro crisis is over, says France's Francois Hollande

<b>French President Francois Hollande has declared an end to the eurozone debt crisis, which has gripped the region for the past four years.</b><p>"What you need to understand here in Japan is that the crisis in Europe is over," he told Japanese business leaders on a trip to the Far East.<p>Much of Europe is …

India is surviving on less food than it did four decades ago

After a decade of breakneck economic growth, Indians are consuming fewer calories on average today than they were in the 1970s. Economic development scientists call it India’s calorie consumption puzzle, and it has been around for a while.<p>Even as incomes have increased over the past four decades, …

India

Wealthy turn hedge funds into family offices

Major hedge funders switching to family funds due to regulatory loophole.<p>For hundreds of years, family offices have been the financial equivalent of social registers — small, musty preserves of the rich that have little impact on the real world.<p>But now, because of a giant regulatory loophole, …