America

America’s middle class has been destroyed.

A new study by Pew finds:

From 2000 to 2014 the share of adults living in middle-income households fell in 203 of the 229 U.S. metropolitan areas examined in a new Pew Research Center analysis of government data. The decrease in the middle-class share was often substantial, measuring 6 percentage points or more in 53 metropolitan areas.

Rakesh Kochhar, associate director of research at Pew,  told CBS News:

It appears that being around Donald Trump for almost two decades gives one a tendency to speak boldly and off the cuff...

As the NY Daily News reports, Trump's butler of 17 years Anthony Senecal, has given both Trump and Facebook more bad press, this time by posted that president Obama should be shot as an "enemy agent".

Here is a screen grab of the post, which appears to have been taken down.

OK, OK, y’all can stop sending me the link to today’s story that Caitlyn Jenner is thinking about de-transitizing herself:

Ian Halperin, the author of “Kardashian Dynasty: The Controversial Rise of America’s Royal Family,” said that, while researching his book, multiple sources told him that the former Olympian had been miserable for months and has considered transitioning back to a man.

“One source confirmed to me Caitlyn has made whispers of ‘sex change regret,’ hinting she might go back to being Bruce Jenner,” Halperin said.

The situation in Venezuela is reaching all out chaos, as crippling socialist policies have resulted in a devastating power and food shortage, as well as looming political instability. This is Caracas today...

Economic inequality and the absolute destruction of the middle class is something that we've covered for many years (recently here), and being that central bank policies only exacerbate the issue, readers of Zero Hedge are undoubtedly well acquainted with topic. As usual, it took a while, but it does appear as though the mainstream media is finally catching up, as CBS recently published a piece on the erosion of the middle class in the United States.