America

Earlier this week we highlighted "Six Terrifying Graphs That Summarize America's Public Pension Crisis" which ranked state, county and city-level public pensions in the United States by which are screwed the most.  To summarize, the study concluded that public pensions in the U.S. alone are currently underfunded by nearly $4 trillion and that taxpayers in Illinois, California and New Jersey should probably be looking to move before getting drowned in their state's coming pension-induced tax hike tsunami.

Hours after gunmen opened fire on a convoy of vehicles carrying Coptic Christian worshippers to a desert monastery in Egypt, killing 28, the Egyptian warplanes carried out six bombing strikes targeting camps near Derna in Libya where Cairo believes militants responsible for the deadly attack were trained, Egyptian military sources said quoted by Reuters.

Authored by Lance Roberts via RealInvestmentAdvice.com,

Over the last couple of months, I have repeatedly discussed what has been possibly the most “boring” market ever. That was until the previous Wednesday when the market deciding to take a quick “road trip” to the 50-dma. 

It didn’t last long.

Authored by Tho Bishop via The Mises Institute,

One of the frequent reasons cited for the failure of the US housing sector to rebound to its pre-recession levels, is the lack of household formation among young American adults and specifically the unwillingness, or inability, of Millennials, which last year overtook Baby Boomers as America's largest generation...