For many young people, the decision of whether to extend their education careers and attend university is a tough one to make. With soaring costs, Statista's Martin Armstrong notes, not all that choose to do a bachelor's degree graduate with the feeling that it was all worthwhile.
Newsmax CEO: "I spoke with the President twice yesterday about the wiretap story. I haven’t seen him this pissed off in a long time. When I mentioned Obama “denials” about the wiretaps, he shot back: “This will be investigated, it will all come out. I will be proven right."
The Great American Escalator is broken - and it badly needs to be fixed. With the election of 2016, Americans within the bubble finally learned that the 21st century has gotten off to a very bad start in America. Welcome to the reality. We have a lot of work to do together to turn this around.
The 20th century was a bull market for literacy, freedom, prosperity, health, and technology. However, things have changed since the turn of the century - freedom has actually declined on a global basis for the last 11 years.
While the stock market (and VIX) signal utter calm, signs of stress are very clear in America's money markets. With Treasury's cash balance plunging to just $108bn this week as the debt ceiling deadline looms, newly ensconced Treasury Secretary Steven Mnuchin will be forced to order “emergency measures” to effectively buy more time for the government to pay its creditors and cover revenue shortfalls to keep the government operating.
Confirming that US consumers are far more sensitive to rising gas prices than preciously expected, the 0.5% increase in miles driven in December 2016 was the smallest monthly increase since November 2014. Since then gas pries have risen far more, potentially leading to a sharp drop in gasoline demand.
"The entirety of the world has been put on the knife edge of existence by the arrogance, stupidity, and hubris of the neoconservative pursuit of American world hegemony. The neoconservative ideology is perfect cover for the material interest of the military/security Deep State that is driving the world to destruction."
"His playbook should be to get rid of the Obama appointees immediately. There are an amazing number of decisions that are being made by appointees that are totally opposed to Trump and everything he stands for. Who do you think those people are responding to?"
"Especially for a reservoir as large as Oroville, it’s a huge weight on the crust that’s basically being pulled up and down on an annual cycle. So it wouldn’t be surprising if there were earthquakes associated with that...The rapid filling, I just think it increases the risk."