For First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18- to 34-Year-Olds

Well, some people want the US to be more like Europe. So congrats. In Italy for instance it’s perfectly natural for 30 year old Giuseppe to live off of his parents. That’s the expectation in many cases and it is a reflection not only of a culture but of a poorer society and a less dynamic middle class.

That our president has promoted the below kind of post adolescent adolescence isn’t helpful either.

(From Pew Research)

In addition,

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Too much is being made of The Economists crony-capitalism index

The man who founded the religion which gave crony capitalism a degree of respectability for too long. J.M. Keynes.

We absolutely agree. As we have said in the past the effort is laudable and we will continue to watch it. And it appears that the folks at The Economist are heading in the right direction. The most recent edition is much better than the initial effort for instance. Our hope is that this trend will continue.

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‘Our economic system is designed to fail’ – Ron Paul

Indeed it is. Central planning always fails and make no mistake in many ways our economic system is “planned.” Not in the sense that it was planned in the Soviet Union but planned and controlled by the Federal Reserve through the manipulation of interest rates. The Fed creates malinvestment by trying to juice the economy. People over invest with cheap credit on office buildings, homes, cars, infrastructure projects and so on. Then when the reality of the economy hits this juiced economic situation failure occurs broadly.

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China Vice Finance Minister: Mainland eyes boost from ‘superpower’ Federal Reserve

China continues to shudder and it appears to be increasingly fearful. With the Saudis rattling their debt sabers, Europe looking at another summer of crisis (of various kinds), and just a general sense of instability in world economy and geopolitics, China hopes that the Fed will take the Red Dragon “into consideration.”

There is no doubt that China will be and is considered as Minister Zhu knows very well.

I’d love to know what the minister knows about the real Chinese economy.

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Bernanke’s New Helicopter Money Plan——Sheer Destructive Lunacy

Uh oh. Here comes the Federal Reserve to “save” us.

(From David Stockman’s Contra Corner)

If you don’t think the current central bank driven economic and financial bubble is going to end badly, recall a crucial historical fact. To wit, the worldwide race of central banks to the zero bound and NIRP and their $10 trillion bond-buying spree during the last seven years was the brain child of Ben S Bernanke.

He’s the one who falsely insisted that Great Depression 2.0 was just around the corner in September 2008.

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Ignorance reigns on Twitter yesterday, #Resistcapitalism trends, Cluelessness abounds

If you are “resisting capitalism” you are “resisting human progress.” You are resisting the voluntary exchange of goods and services. You are resisting opportunity for people to make a better life for themselves through hard work. You are trading that opportunity for a system which rewards the uncreative and unambitious. (And perhaps you understand this.) You are fundamentally resisting FREEDOM and LIBERTY, because “economic liberty,” the right to do what you want with that which you own, is not separate from social FREEDOM and LIBERTY.

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April 5 is yet another “day that will live in infamy.” (The day FDR started confiscating – some prefer the word “stealing” – citizen gold)

(The was a post on Facebook from Lawrence Reed at FEE)

April 5 is yet another “day that will live in infamy.” On this date in 1933, Franklin Roosevelt signed Executive Order 6102, which criminalized the possession of monetary gold. Americans were ordered to hand over their gold coin and bullion to the government in less than a month (by May 1) under penalty of $10,000 fine and/or up to 10 years in prison, so that the government could more easily inflate the money supply.

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Negative interest rates put the global economy on a razor’s edge

We are slipping into an economic Twilight Zone. Across the globe, in different countries, the poles are shifting along with banking math. Negative rates of interest are creeping over the planet.

Negative rates will encourage debtors while robbing what is left from savers at an accelerated rate. It is foolishness. It is unwise. Negative rates will extend the malaise (malaise is a nice way of putting it) that the world seems unable to shake even 8 years on from 2008.

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China (The Ultimate Crony Capitalist State) to lay off five to six million workers

Without knowing the specifics it is probably pretty safe to say that laying off 5-6 million state workers in China, the Ultimate Cony Capitalist State is probably necessary. Saying that, one has to consider the disruption to these people’s lives and what that might mean politically. Even in a country of 1.3 billion people 5-6 million workers is a pretty big chunk. What do these people do? Presumably many bought living quarters in the great Chinese property bubble.

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Why are people angry? They feel that no matter what the powerful always get what they want, the TPP, the bailouts, the Ex-Im Bank, the Omnibus

The USA IS an exceptional country. We are SUPPOSED to be different from the rest of the world. This is SUPPOSED to be a place where the citizenry is respected. Some people, powerful people, have forgotten this. They should be reminded.

One of the reasons there is so much unease in the country (and in the world) is because everyday people feel completely marginalized by the powers that be. There is a sense that everyday people are now just observers,

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