A Tale Of Two Countries (Or How The Fed Enabled Corporate Kingpins To Scalp Billions)
Authored by David Stockman via The Daily Reckoning,
Here’s a comparison that is surely vertigo inducing.
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Business
Legg Mason Survey Finds Baby Boomers Are Roughly $30 Trillion Short On Retirement Savings
There are roughly 76 million Baby Boomers in the United States that are about to transition out of the highest wage earning years of their lives and into retirement where they'll be making precisely nothing. Unfortunately, as MarketWatch points out today, those Baby Boomers are woefully unprepared for what awaits them.
Yanking The Bank Of Japan's Chain - "It's Basic Math, Stupid!"
Authored by EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum,
Mathematical Certainties
The Madness Is Back: Homeowners Take Out Mortgages To Buy Bitcoin, Cars And Wine
It's been about a decade since the term "mortgage arbitrage" made headlines. It's back.
Labor Market 'Breadth' Nears Record Low
Authored by Teddy Vallee via Pervalle.com,
Tom Keene was out with a chart today referencing Zerohedge’s point that a large percentage of the non-farm payroll growth has been a result of lower paying industries, such as food and drinking places – or as they would put it, more bartenders.
the acclaimed @zerohedge chart on bartenders: pop adjust food&drinking...the NFP growth from the 2007 peak i'll take the delta on the rocks pic.twitter.com/yL2DAiqfjy