Economics and Investing:

It’s not just the young men in America who are living with their parents: Record share of young U.S. women living with relatives – Sent in by G.G.

o o o

SurvivalBlog reader R.V. wrote in to ensure the readers saw the third paragraph in the E&I article yesterday on “Banking Giants Learn Cost…

“Under the rule for total loss-absorbing capacity, or TLAC, most systemically important banks must have liabilities and instruments ‘readily available for bail in’ equivalent to at least 16 percent of risk-weighted assets in 2019, rising to 18 percent in 2022, the FSB said on Monday.”

Remember that your bank account on a bank’s books is a liability to the bank while being an asset to you. This is a statement about your money.

o o o

Items from Professor Preponomics:

No New Bail-Out Bucks for Greece on Monday (Reuters)

Saudi Arabia: No Plans to Cut Oil Production (Business Insider)

Surviving Poverty. In a Van. (SHTF Plan)

Saving on the Cost of Thanksgiving Dinner (U.S. News & World Report) Notes: Cost of turkey to go up following loss of bird stock to avian flu.

Celebrate Christmas Simply and Save (Organized Home)

$944,143,000,000. Record Soc Sec Spending in FY 2015 (CNS News)

Downsizing the Federal Government: The Department of Labor (CATO Institute)

Goldman. Yes, Goldman. Predicts 60% Chance Current Expansion Continues for Another Four Years. (Zero Hedge)