The Army’s latest headcount shows that nearly 2,600 soldiers departed active service in March without being replaced, an action that plunges manning to its lowest level since before World War II, according to ArmyTimes.com.
As we have pointed out many times in the past (most recently here), the jobs "recovery" has gone disproportionately to older workers at the expense of younger workers.
In fact, as Bloomberg points out, the employment-to-population ratio for those 65 and over is at its highest level since the early 1960's.
Not so long ago, US farmland - whose prices were until recently rising exponentially - was considered by many to be the next asset bubble. Then, exactly one year ago, the fairytale officially ended, and as reported in February, US farmland saw its first price drop since 1986. It was also about a year ago when looking ahead, very few bankers expected price appreciation and more than a quarter of survey respondents expect cropland values to continue declining.
They were right.
One of the reasons why central banks around the globe have flooded the financial system with trillions in excess reserves is to make sure that banks no longer have to rely on potentially fleeting short term deposits (and is also why negative interest rates have become the norm in so many part of the world, that $10 trillion in bills and bonds now trade with a negative yield).
Authored by Jesse Felder of The FelderReport.com,