• Pivotfarm
    05/26/2015 - 16:54
    We have fast-paced lives, we pay to get fast-tracked, we eat fast-food and we fast-forward on a film that bores us. Our lives are fast. We even have fast fashion; our clothes are fast these days from...

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In No State Can A Minimum Wage Worker Afford A One Bedroom Apartment

Earlier this month we learned that in 21 out of the 26 OECD member countries that have a minimum wage, working 40 hours per week at the pay floor would not be sufficient to keep one's family out of poverty. Now, we discover something even more shocking...



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It Is Mathematically Impossible To Pay Off All Of Our Debt

Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt?  Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year. Many believe that if we paid it off a little bit at a time that we could eventually pay it all off, but as you will see below that isn’t going to work either.



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Our Crazy-Making Economy's Endgame: Festering Frustration Seeking An Outlet

The consequence of policies that exacerbate injustice, inequality and double-bind demands is a madness that will find a social and economic outlet somewhere, sometime.



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Apple Watch: Epic Dud?



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5 Things To Ponder: Everybody's Got One

No matter what investors SAY they will do, they will almost always succumb to the emotional investment mistakes caused by being human.



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Hill-nochio

"I got no strings on me..."



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And The Market Breaks (As VIX Hits 2015 Lows)



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Clinton Benghazi E-mails Released, Show "Sensitive" Information Was Sent From Personal Server

The State Department has released 850 pages of e-mails from Hillary Clinton’s private e-mail address. Clinton has been under fire for using a private e-mail server (as opposed to an official government account) to discuss potentially sensitive matters of national security and foreign policy during her tenure as the nation’s top diplomat. Specifically, there are big questions about who knew what and when about an attack on US outposts in Benghazi that killed US ambassador J. Christopher Stevens.



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China's Tulipmania Full Frontal: Shenzhen's Parabolic Stocks Just Hit 67x P/E

Forget Shanghai and its roaring stock market, there's a new centre for speculative excess in China. Nothing says sustainable capital formation like a stock index that trades at a valuation of 67.2 times earnings, is up 166% in the last year and whose components regularly see 500% rallies (and recently epic collapses). Welcome to Shenzhen.



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Weekly Wrap - 22nd May 2015



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Oil Prices Unmoved By Oil Rig Count Decline Of Just 1

The total rig count dropped by just 3 last week - the smallest decline since December - to 885, tracking perfectly with the 4-month lagged oil price we have been showing for 4 months. Oil rigs dropped just 1 on the week to just 659 - the lowest since August 2010. Oil prices are unch.



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JPMorgan Officially Apologizes For Being A Criminal Market Manipulator

Presented with little comment, aside to ask - how many 'people' went to jail for this?



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Willem "Gold-Is-A-6000-Year-Bubble" Buiter Says A New Greek Currency "Would Be Rubbish"

Having shown his true colors in recent months by embarking not just on an anti-gold crusade, but more recently on an anti-cash mission, Citi's Willem Buiter has once again exposed his newly minted CFR status-quo-embracing status this morning. During an appearance on CNBC, Buiter notes that there would be "havoc" if Greece left the euro zone and adopted an alternative currency; but then he went on the pre-prescription blasting that any kind of alternative currency tied to the euro "would be rubbish." These comments come just hours after German FinMin Schaeuble raised the possibility that Greece may need a parallel currency alongside the euro if the country’s talks with creditors fail.



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Yellen Warns "Rate Hikes Appropriate This Year", Blames "Snowy Winter" - Live Feed

Traders looking to get an early start on the holiday weekend will have to wait a bit longer today, as Janet Yellen is set to speak to a sold-out audience at the Providence, Rhode Island Chamber of Commerce’s Economic Outlook Luncheon today.... *YELLEN SAYS RATE RISE AT SOME POINT THIS YEAR IS APPROPRIATE



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