71,777,758 Enrolled in Medicaid and CHIP; Up 14,478,342 Since Obamacare Exchanges Opened; 1 for Every 2 Americans With a Job – B.B.
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Price Controls May Be On the Way
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Items from Professor Preponomics:
California Audit Reveals Pension Debt Grew by 2,000% (Breitbart) Excerpt: “With the addition of the GASB’s required balance sheet adjustments, each of California’s approximately 12.7 million households now is on the hook for about $31,904 in pension obligations.”
Study: Big Banks Don’t Have Enough Capital Cushion (Washington Examiner) Excerpt: “In other words, big banks such as Bank of America, Goldman Sachs and Morgan Stanley would have to increase their capital levels by as much as 40 percent, on average, to be adequately capitalized.”
Price Controls May be On the Way (Mises) Excerpt: “Market forces want to drive prices down, while central banks attempt to prop them up. So what to do when central banks aren’t getting their way?”
Japan’s Negative Rates a Looming Headache for Central Banks (Business Insider) Excerpt: “Negative yields make it a challenge to calculate a bond’s fair value, the returns it can be expected to generate through maturity. Market participants say wide spreads between bids and offers also complicate trading, and increase volatility.”
Can Anything Rescue Japan from the Abyss? (The Telegraph) Excerpt: “Having decided to carry out the most radical experiment in monetary stimulus in modern history, buying up 80 trillion yen in government debt every year, there is now increasing disquiet within the ranks of the central bank.”
Personal Economics and Household Finance
The Self-Reliance Manifesto: More than 300 Resources to Guide You on the Path to Radical Freedom (The Organic Prepper) Excerpt: “Self-Reliance. It’s a revolutionary word these days and I thought it deserved a manifesto.”
How to Stop Wasteful Spending: Follow the Money… (Clark Howard) Excerpt: “…no single, big ticket item that was an out-of-the-ordinary purchase. In fact, far too many of them looked all too familiar… and frequent.”
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