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Urbanization is on the rise as job seekers continue to feel empowered, but an economic reality check is in store for 2019. 

It is the same depressing story to which Illinoisans have grown accustomed: Population is collapsing and it's only getting worse.

"Leave the store! Leave the store! Leave the store! F*ck off! Get the f*ck out!"

Latest Shutdown Developments; Here's What To Expect

"Will they, or won't they" - that's the question on every trader's mind today awaiting the pension bid...

...an average worker in the UK has lost £11,800 since 2008.

We all know public pensions are often underfunded, or dependent on outsized stock market gains, which means the increases in local government taxes and fees are just getting started...

Today's post-Christmas rally is brought to you not by the PPT, but by pensions funds which waited until the very last minute to buy up to $64 billion in stocks as part of their quarter-end rebalancing.

Did we just get the first official indicator of the coming recession?

Prepare for another potential "seismic bout of volatility" - US corporate pensions may need to boost their equity portfolios by as much as $64 billion into year-end...

All that inherently over-priced-in optimism that sparked a notable divergence between slumping 'hard' real economic data and soaring 'soft' survey data is slowly getting sucked out of participants' narratives.

"I’m employable...That’s why I felt comfortable going forward."

As of the 2017 City of Chicago Actuarial Report, each Chicagoan would have to pony up $140,000 to make pensions solvent...

Un-checked conventional wisdom is a dangerous thing...

Hope-filled 'soft' survey data is starting to collapse back to the reality of US 'real' economic data and Empire Fed's plunge from 23.3 to 10.9 in December is the latest example.

What’s important to note is that the reported $133.5 billion in debt is the rosy scenario for Illinois...

"Why does he get to retire and I don't? "

"It basically feels like my pay has dropped each year due to normal cost-of-living increases"