Hard hitting global and local news
Here is the pertinent discussion from Dissecting the Fed-Sponsored Housing Bubble Comparative Growth in HPI vs. OER From 1994 until 1999 there was little difference in the rate of change of rent vs. housing prices.
All things considered, expect nothing less than a massive Tsunami of Retail Store Closings and Downsizings . On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April.
I made a nearly-identical statement yesterday in a comment regarding my post False Thesis of the Day: Huge Cash Pile Puts Recovery in Hands of Corporations; Cash Cow Revisited . " Cash is just not going to be used for the way Deloitte suggests
Continue reading here: State Bank Nonsense from Ellen Brown Revisited
More here: Italian Banks Need Extra $57 Billion for Loan Loss Reserves, 18% of Loans Non-Performing
A new Gallup survey shows Many Baby Boomers Reluctant to Retire . True to their "live to work" reputation, some baby boomers are digging in their heels at the workplace as they approach the traditional retirement age of 65
Target Drops Healthcare Coverage for Part-Time Workers, Claims No Reduction in Hours; Thank Your Employer? Obamacare does not mandate healthcare coverage for part-time employees (defined as those working less than 30 hours a week)
Via translation from Les Echos , please consider Air Traffic Controllers Strike Again in Late January Air traffic controllers are on strike from January 27 to 31, with a black day 29. They oppose a proposed Brussels lower royalties. Three months after strike against the plans of the European Commission for the "Single European Sky", the French air traffic controllers will strike again, for the same reasons, from 27 to 31 January
See the article here: Highland Park Michigan Skids Towards Bankruptcy, Public Union Pensions to Blame as Usual; Fifth Third Bank…
More: Bottom 5 States in Fiscal Condition: New Jersey, Connecticut, Illinois, Massachusetts, California