Traders Raise Bets on Fed Rate Increase in December: "An interest-rate increase at the Fed's Nov. 10 meeting is a foregone conclusion, a Bloomberg News survey of the 22 primary dealers of U.S. government securities showed."—Bloomberg

It's like watching a train wreck in slow motion. Rate hikes affect the massive number of people who have taken out adjustable rate mortgages in the past few years, raising their monthly payments beyond their already maxed-out budgets, leading to widespread defaults, crippling the banking industry, resulting in a global recession. Oh man, is it Monday or what?