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.
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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.
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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)