Economics and Investing:

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America’s Pension Problem – A story of two ants.

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China Is Hoarding Crude At The Fastest Pace On Record

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Apple reports first revenue decline in 13 years – Sent in by RBS

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Costco likely to raise annual membership fee – They still rate higher than their rivals, but they are obviously feeling the squeeze of this non-recession recession. They did, however, leave the door open to not raising the fees if they need to avoid it due to the competition.

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Dollar Stores Defy Retail Headwinds – In the meantime, Dollar stores are beating Walmart at its own game– importing and selling cheap Chinese junk– but doing it in neighborhood stores rather than mega-stores. But if Walmart is propped up by the government (via welfare), how much more so will these stores feel it?

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