The Economic Organisation of a P.O.W. Camp

US Jobs Jump 115K, Smashing Estimates; Umemployment Rate Unchanged At 4.3% In his preview of today's NFP report, Goldman's Delta One head wrote that "NFP almost feels like a sideshow at this point. You can argue weak labor data gives a Warsh led Fed enough cover to cut, but with oil and input inflation still elevated there’s also an argument that a weakening labor market alongside a constrained Fed is actually the more difficult combination for risk assets." With that in mind, moments ago the BLS reported that in April the...

Generational Crisis! Nearly A Third Of US Adults Under 35 Are Still Living With Their Parents Authored by Michael Snyder via The Economic Collapse blog, Americans that are over the age of 55 control approximately 73 percent of all wealth in the United States. Americans that are age 55 or younger control just 27 percent of all wealth in the United States. Never before in history has there been a generational divide of this magnitude. One of the reasons why there is such a generational divide is because housing has become so insanely...

Senior members of the Israeli government joined a settler march at the border of Gaza on Sunday night, calling for the return of Jewish settlements to the besieged Palestinian territory. The march was organized by the Nachala Movement, a settler group that has called for the “conquest” of Gaza, the establishment of Jewish settlements, and […]