United States

As anyone who holds a “non-supervisory” job in America’s double-adjusted “recovery” is acutely aware, wage growth is missing in action in the US.

Your boss may have gotten a raise, but you probably didn’t and if the number of multiple job holders is any indication, America’s rapid transformation from middle class utopia to feudal system is likely to continue unabated for the foreseeable future.

Of course it’s not just Americans who are forced to deal with economic realities like the soaring cost of housing on wages that never rise.

Just when we thought the surreal story surrounding Mexican drug lord Joaquin "El Chapo" Guzman's second capture couldn't get any more bizarre, it does just that, but in an oddly satisfying way, one which ties the soon to be incarcerated criminal south of the border with a criminal located right inside Washington D.C., one who however will never be punished. According to the Hill, a .50-caliber rifle recovered from El Chapo's hideout was one of the firearms lost by the U.S. government's gun-smuggling operation Fast and Furious.

Two weeks ago, we reported that even as U.S. lenders were professing to their investors that there is no risks with their energy exposure and that they are comfortably reserved for any potential losses, they were reducing their unfunded (and total) exposure to oil and gas exploration companies due to balance sheet, default and contagion concerns.

Submitted by Justin King via TheAntiMedia.org,

Earlier today, Goldman's global macro strategist team led by Noah Weisberger released a report titled "Markets do not "Take it Easy" to start the year", which had one very disturbing slide, i.e., "Exhibit 8." - disturbing, because it showed that according to Goldman's Current Activity Indicator, the US was effectively in recession; certainly disturbing enough for us to immediately tweet it with just one comment: "Oops":

Oops from GS pic.twitter.com/jz0LCculCQ