Economics and Investing:

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The Government Netted $4.5 Billion in Cash, Cars and Houses – Sent in by B.B.

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The remaking of an American housing bubble: Home prices are up 78 percent since 2000 and 30 percent since 2012.

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Items from Professor Preponomics:

$195M Pension Payment May Derail Detroit’s Post Bankruptcy Recovery (Detroit Free Press)

Blackstone: Now the World’s Largest Owner of Real Estate(Business Insider)

China Welcomes IMF Backing to Make Yuan World Currency (Yahoo News)

Japan Relapses Into Recession (Reuters)

California: Study Finds Half of Illegal Immigrants Qualify for Medicaid Benefits(Fox News)

38% of All Comex Gold in Hong Kong Left the Warehouses…YESTERDAY (Zero Hedge)

Investors Face Quagmire: Falling Earnings, Higher Rates (Reuters)

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