Economics and Investing:

A new CATO Institute study found that a mother in New York State with two children is eligible for $38,004 in welfare benefits–which is greater than the annual salary of a first-year New York school teacher. Note where Idaho falls in the benefits spectrum. (Idaho certainly can’t be faulted for “encouraging multi-generational dependency.” (Thanks to John in Washington for the link.)

G.G. sent: $2,001,093,000,000: Fed’s Ownership of U.S. Debt Breaks $2Trillion for First Time.

Items from The Economatrix:

Stars Aligned For “Serious” Stock Correction

Dave Hodges:  Escape From Wall Street

Cramer:  Giant Reset Looming For Markets

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