Young people blame climate change for their small 401(k) balances
Lori Rodriguez, a 27-year-old communications professional in New York City, is not saving for retirement, and it isn’t necessarily because she can’t afford to — it’s because she doesn’t expect it to matter.
Like many people her age, Rodriguez believes climate change will have catastrophic effects on our planet. Some 88% of millennials — a higher percentage than any other age group — accept that climate change is happening, and 69% say it will impact them in their lifetimes. Engulfed in a constant barrage of depressing news stories, many young people are skeptical about saving for an uncertain future… (Continue to full article)
Here’s how much more it will cost you to buy a home in a ‘gayborhood’
The premium to buy a home in a “gayborhood” can be almost four times the typical home value for that metropolitan area, according to a new analysis from real-estate website Zillow. Across the country there are 10 major cities, including Philadelphia, Houston and Charlotte, where home values in gayborhoods are double the average for the city overall… (Continue to full article)
Russia Accelerates its De-Dollarization Process, Adds Gold Bullion
Poland, Hungary, China, India, Turkey, Russia, and many others have been active buyers in the gold market… (Continue to full article)
The CPI Is Under-representing Food Inflation By 40%: Here’s The Proof
The CPI is chronically misrepresenting the price of products in the food basket, with the gap between the government “price” and real-world prices ranging from 14% to as much as 64% for a pound of white bread… (Continue to full article)
Congressman Wants To Ban Bitcoin Because It Threatens The Fed
“It is the announced purpose of the supporters of cryptocurrency to take that power away from us… the advantage of crypto over sovereign currency is solely to aid in the disempowerment of the United States and the rule of law….” (Continue to full article)
My morning cup o’ coffee ~ Simply bubble-licious!
Market Sends Scary Signals; Atlanta Fed’s GDPNow Forecasts Anemic 1.3% Growth
Most stock owners of J.C. Penney never thought they’d see the day when it traded as a penny stock. But that’s what happened yesterday when shares of the large retailer closed at 91 cents, a loss of 9.79 percent on the day. The macro picture is that J.C. Penney employs 95,000 people and operates 864 stores across the United States. Its future will have an impact on jobs and commercial real estate prices in the United States. At 91 cents a share, those prospects aren’t looking too good right now… (Continue to full article)
U.S. Stocks Have Now Fallen For 5 Weeks In A Row – That Is The Worst Stock Market Streak In Almost 8 Years
We haven’t seen stock prices slide like this in a long time, and if this keeps up we could soon be looking at an avalanche. Our rapidly escalating trade war with China and more bad U.S. economic numbers pushed stocks down once again this week, and at this point the Dow Industrial Average has now fallen for five weeks in a row. We haven’t seen a losing streak this long since June 2011, and it is yet another indication that we have reached a major turning point… (Continue to full article)
U.S Manufacturing Slumps to 9 Year Low In May
All economic data is pointing to a slower 2019. One of those bits of data is from the manufacturing industry. United States manufacturing growth has hit a 9 year low this month, which is a terrible sign for our volatile economy… (Continue to full article)
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