Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

‘Plague’ of Million-Dollar Homes Haunting Real Estate, The Year Of Living Dangerously – Daily Digest

Thursday, January 11, 2018 12:44
% of readers think this story is Fact. Add your two cents.

Image by pasa47, Flickr Creative Commons

 

By Daily Digest  /  Peak Prosperity

 

Economy

Retirement crisis: 37% of Gen X say they won’t be able to afford to retire (Adam)

Gen Xers aren’t alone in their financial angst. The finances of the younger Millennial generation have been hurt by the Great Recession in 2008-09 and high college costs. Older Boomers, according to the TD Ameritrade survey, are also uncertain about their preparedness, with just 47% saying they expect to be “very secure” in retirement. The oldest of the roughly 65 million Gen X Americans — those now 39 to 53 — will be the next generation to retire.

Losing Faith in the State, Some Mexican Towns Quietly Break Away (blackeagle)

Monterrey’s experiment began over a lunch. Mr. Tello was dining with the governor, who received a call from José Antonio Fernández, the head of Femsa, one of Mexico’s largest companies. Femsa’s private security guards, while ferrying employees’ children to school, had been attacked by cartel gunmen, he said. Two had died repelling what was most likely a kidnapping attempt.

The governor put the call on speaker. It was the first of many conversations, joined by other corporate heads who faced similar threats.

The Fed, worrying about the next recession, considers changes (thc0655)

Former Treasury Secretary Larry Summers, speaking at a Brookings Institution conference this week on the Fed’s inflation target problem, urged the Fed to get moving on a fix. He noted that the Fed typically has lowered interest rates by 5 percentage points over time to stimulate the economy in recessions. The Fed doesn’t have 5 points now, so the next recession will find the central bank less able to kick-start growth, possibly enabling a longer, deeper downturn.

Party While You Can – Central Bank Ready To Pop The ‘Everything’ Bubble (thc0655)

As I warned before Trump won the election in 2016, a Trump presidency would inevitably be followed by economic crisis, and this would be facilitated by the Federal Reserve pulling the plug on fiat life support measures which kept the illusion of recovery going for the past several years. It is important to note that the mainstream media is consistently referring to Jerome Powell as “Trump’s candidate” for the Fed, or “Trump’s pick” (as if the president really has much of a choice in the roster of candidates for the Fed chair). The public is being subtly conditioned to view Powell as if he is an extension of the Trump administration.

2018: The Year of Living Dangerously (thc0655)

To understand why 2018 may unfold catastrophically, we can begin with a simple metaphor. Imagine a magnificent mansion built with the finest materials and craftsmanship and furnished with the most expensive couches and carpets and decorated with fine art.

Many happy returns: new data reveal long-term investment trends (blackeagle)

Rates of return both influence and are influenced by the way firms and households expect the future to unfold. They therefore find their way into all sorts of economic models. Yet data on asset returns are incomplete. The new research, published as an NBER working paper in December 2017, fills in quite a few gaps. It is the work of five economists: Òscar Jordà of the San Francisco Fed, Katharina Knoll of the Bundesbank, Alan Taylor of the University of California, Davis, and Dmitry Kuvshinov and Moritz Schularick, both of the University of Bonn. (Messrs Jordà, Schularick and Taylor have spent years building a massive collection of historical macroeconomic and financial data.) For each of the 16 economies, they craft long-term series showing annual real rates of return—taking into account both investment income, such as dividends, and capital gains, all net of inflation—for government bonds and short-term bills, equities and housing. Theirs is the first such data set to gather all of that information for so many countries over so long a period.

A plague of million-dollar homes haunts real estate (Adam)

Rising real estate values, tight inventory and a lack of new construction are contributing to the surge in million-dollar homes. Yet another factor may be at play: rising income inequality, which has benefited the bank accounts of America’s richest families.

What’s The Difference Between Children’s Books In China And The U.S.? (blackeagle)

The book celebrates perseverance, of course — but also another value Cheung and her collaborators tracked: steering clear of bad influences. As Cheung puts it, “avoiding a negative person and staying on track and not being distracted by things that would derail you from achieving your goals.”

In this case the man keeps on digging “even as he has to endure criticism from his fellow villagers who call him silly. And in the end he actually removes the mountain.”

California’s Brown Raises Prospect of Pension Cuts in Downturn (Adam)

That would be a major shift in California, where municipal officials have long believed they couldn’t adjust the benefits even as they struggle to cover the cost. They have raised taxes and dipped into reserves to meet rising contributions. The California Public Employees’ Retirement System, the nation’s largest public pension, has about 68 percent of assets needed to cover its liabilities. For the fiscal year beginning in July, the state’s contribution to Calpers is double what it was in fiscal 2009.

Exercise Alters Our Microbiome. Is That One Reason It’s So Good for Us? (blackeagle)

Exercise also has been associated with variations in the microbiome. Past studies have shown that endurance athletes tend to have a somewhat different collection of microbes within their intestines than sedentary people do, especially if the athletes are lean and the sedentary people are not.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/10/18

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

https://www.peakprosperity.com/dailydigest/113647/daily-digest-111-plague-million-dollar-homes-haunting-real-estate-year-living-dan

Permission to Post

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.