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NYC Isn't The Only Place The "Rent Is Too Damn High"; Euros And Canadians Also Struggle To Make Rent

NYC Isn't The Only Place The "Rent Is Too Damn High"; Euros And Canadians Also Struggle To Make Rent

Jimmy McMillan III, the now infamous founder of the "Rent Is Too Damn High Party", as well as a self-described karate expert, Vietnam War vet, former postal worker and male stripper, has made it his mission for the past two decades to fight rising rents in New York City that have persistently pushed lower-income families out of Manhattan to make more room for America's Ivy-League educated, entitled snowflakes.

"The Retail Bubble Has Burst" - Summarizing The Dark 4Q Earnings Commentary Of Retail CEOs

"The Retail Bubble Has Burst" - Summarizing The Dark 4Q Earnings Commentary Of Retail CEOs

Amazon's willingness to sell almost any product imaginable at a loss, combined with a massive bubble in retail real estate square footage courtesy of decades of low interest rates seems to finally be catching up with the traditional bricks-and-mortar retailers of America. 

As evidence, Scott Krisiloff of Avondale Asset Management compiled the following sample of relatively downtrodden commentary from America's largest retail CEOs, all of who seem to be throwing in the towel on hopes of any near term upside for their industry:

US Government Revenues Suffer Biggest Drop Since The Financial Crisis

US Government Revenues Suffer Biggest Drop Since The Financial Crisis

On the surface, today's monthly budget statement was disappointing: in February the US Treasury brought in total receipts of $172 billion, versus outlays of $364 billion, resulting in a decicit of $192 billion, more than tha $190 billion expected (if in line with last year's $192.6 billion deficit). For the fiscal year through Feb. 28, the total US budget deficit was $349 billion, virtually identical to the $351 billion deficit over the same period in 2016 and set to keep rising this year and for the foreseeable future.

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