Economics and Investing:

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Here is a sobering fact about Millennials, the largest cohort behind baby boomers: half of Millennials are living at home with their parents. Another 28 million Millennials are not in school and are working in jobs that pay $10,000 a year or less: Half of Millennials live at home with parents: The economy still feels like it is in a deep recession for millions of Millennials. And this group is supposedly the group that is going to relaunch the American economy.

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Items from the Economics Team:

Rick Rule, Doug Casey: “Severe But Survivable” Reckoning Ahead For The U.S. (Sprott Global)

Greece’s Debt Crisis Explained (New York Times)

IMF Gives Strong Signs of Reserve Currency Nod to China’s Yuan (Bloomberg Business)

Super Yacht Getaway Subs and Luxury Bomb Shelters: The Elite are the Most Paranoid Among Preppers (The Economic Collapse Blog) Hint: Makes the rest of us look tame by comparison!

Tips to Save Money on Your Energy Bill (My Energy)

The ABCs of Frugality (The Dollar Stretcher)

How Much Money Does Illinois Have? We Still Don’t Know! (Huff Post Chicago) Hint: Illinois has not yet filed an annual financial report for

Chinese All Cash Buyers of U.S. Homes Have Tripled Since 2005 (Market Watch)

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