Economics and Investing:

Younger Generation Faces a Savings Deficit. – G.G.

o o o

Items from Mr. Econocobas:

Retailer Schism Widens Over Whether to Open Thanksgiving – This is sad, but the broader point is: if we had such a great recovery going on, why are these stores so intensely desperate for sales?

Predictors of ’29 Crash See 65% Chance of 2015 Recession – They don’t let on that they are aware of how structurally unsound the U.S. is, rather they point to weakness worldwide dragging the U.S. down; so, to that extent, I disagree.

Fed Money Printers At Work: Top 1% Gains Now Exceed Annual Social Security, Medicare & All Other Social Spending – Good article, but you must read all the way through to get the full context correct, as the author helps explain some distinctions to be made.