Contrary to popular perception, not all of the money approved as part of the federal government’s emergency effort to save the American financial system in the fall of 2008 went to the big banks. Some of it – nearly $10 billion, all told – went to support the government’s “hardest hit” program, meant to help forestall foreclosures in 18 states.
Picking up where he left off last week, when Bill Gross told Bloomberg that U.S. markets are at their highest risk levels since before the 2008 financial crisis "because investors are paying a high price for the chances they’re taking", in his latest monthly investment outlook, the Janus Henderson bond manager says that investors should be wary as low interest rates, aging populations and global warming which inhibit real economic growth and intensify headwinds facing financial markets:
Submitted by Stock Board Asset
The most common saying amongst the baby boomer generation is “America is not like it was when I was growing up”. Have you ever wondered what that means?
London-based realtor Nested produced the 2017 Rental Index in conjunction with their recent Real Estate Index. The study illustrates the price of renting per square foot in 10 major US cities and a number of metropolises worldwide. The research conveys the minimum gross salary required to support an individual and a family of four in rented property based on the minimum space recommended for one person, and for four people respectively.
Some of the key findings:
The FBI has arrested 16 people connected to a sex trafficking operation during a sting at the North American International Auto Show in Detroit. FBI and local police officers from a dozen agencies targeted human sex traffickers during the show, a time which the FBI say they find a 150 percent increase in people posting online solicitation messages on escort websites. CBS Detroit reports: FBI Detroit spokesman Tim Wiley told WWJ’s Zahra Huber that 16 people were arrested, four pimps were identified and two children were recovered.