The 1.006 million print was a very modest improvement over last week's 1.104 million but is the 22nd of the last 23 weeks where over 1 million Americans have filed.
Retirees have long counted on being able to retire on their assets and take out 4% each year. However, a little more than 20-years later, the “death of the withdrawal rate” has arrived. What should retirees do now?
...the most affordable housing markets in America were uniformly located in the South and Midwest. The most affordable place we looked at in America was Youngstown, Ohio...
The rebound isn’t being very bouncy... no matter how many gigantic gobs of purported “stimulus” has been thrown at the economy. It ain’t stimulating. The number of jobs still being lost this late into it is unthinkable; historic.
In effect, we’re witnessing a permanent contraction in the US economy... even if we deal with COVID, the economy isn’t going to simply spring back to what it was before. There won’t be anything left to spring...
