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Economics and Investing:

Global Debt Now At $200 Trillion [1]

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Student and auto debt fuel credit bubble 2.0: Student loans carry the highest delinquency rate of all debt classes. Student and auto debt up $1.15 trillion in last decade. [2]

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Here’s how Americans are eating into their savings [3]. – H.L.

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Items from Mr. Econocobas:

Moody’s Downgrades Chicago Debt to ‘Junk’ with Negative Outlook [4]

Five Reasons Chicago Is in Worse Shape Than Detroit [5]

5 Big Banks Expected to Plead Guilty to Felony Charges [6] – And not much of anything will happen

U.S. Retail Sales Disappoint Again [7] – Probably in the not too distant future, reality is going to start settling in. However, I know enough to know that pulling rabbits out of a hat is about sleight of hand and not actually pulling a rabbit out of a hat, so it’s possible something comes up that pushes the inevitable into the future again.