While the increase in consumption by no means indicates an economy that will definitely avoid a recession, it does suggest deflation could be avoided.

FORBES: Consumption Picks Up In July Indicating Lower Risk Of Deflation

If you are just getting started and have a longer-term horizon, you definitely want to avoid these leveraged ETFs.

FORBES: 5 ETFs to Ride the Market's Uptrend

While the bank is working hard to modify the legacy loans with existing customers to avoid such huge write-offs in the future, it is definitely an uphill battle making us more cautious on our estimates.

FORBES: Taking Stock of Bank of America's Mortgage Business