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“Wealth Effect” = Widening Wealth Inequality

Authored by Charles Hugh Smith via OfTwoMinds blog, Note that widening wealth and income inequality is a non-partisan trend. One of the core goals of the Federal Reserve's monetary policies of the past 9 years is to generate the "wealth effect": by pushing the valuations of stocks and bonds higher, American households will feel wealthier, […]

1,000s Of “Micro-Homes” Sprout Up All Over Bay Area To House The Growing Homeless Population

Roughly one year ago we shared the plans of a billionaire real estate developer in San Francisco who wanted to build communities for the homeless in Bay Area neighborhoods using stackable steel shipping containers (see: San Fran Billionaire Luanches Plan To House Homeless In Shipping Containers).  Not surprisingly, the efforts were met with some resistance […]

41 Million Americans Are Living In Poverty This Christmas

Authored by Michael Snyder via The Economic Collapse blog, Even though the stock market continues to set new record high after new record high, poverty is exploding all over America.  It is being reported that 41 million people are living in poverty at this moment, and 9 million of them do not receive a single […]

Baltimore Residents Losing Homes Amid Crippling Increases In Water Bills To Pay For Crumbling Infrastructure

With its surging violence and failing public schools, being a Baltimore resident these days doesn’t seem to be that enticing a proposition.  Unfortunately, crumbling water infrastructure is only adding to the agony of residents that occupy what increasingly looks like a failed city.  As The Baltimore Sun notes today, a new study conducted by economist […]

Four Charts Prove The ‘Economic Recovery’ Is Just A Fed-Induced Entitlement Program For The Wealthy

“Economic recovery” in America no longer means what it used to mean.  Historically “economic recovery” was largely characterized by job and wage growth, distributed across the income spectrum, and a rebound in GDP growth to north of ~3%-5%.  These days, the notion of “economic recovery” has been hijacked by the Fed and bastardized in such […]

San Diego Continues Desperate Attempt To Control Hepatitis A Outbreak

Authored by Mac Slavo via SHTFplan.com, San Diego is desperately trying to control a Hepatitis A outbreak brought on by the homeless problem plaguing the state of California. The city has now opened the first of three giant tents meant to contain the outbreak of the deadly virus. The first of three industrial-sized tents to house […]

US Homelessness Rate Rose This Year For First Time Since 2010

Here’s one statistic about the US economy that you probably won’t find in President Trump’s twitter feed. Thanks to a surge in homelessness centered around several large west coast cities, the overall rate of homelessness in the US ticked higher this year, the first increase since 2010, according to a survey from the Department of […]

Get Government Out Of The Welfare Business

Authored by Lee Friday via The Mises Institute, Fighting poverty is a favorite pastime of government because politicians get to portray themselves as champions of the poor. However, the unfortunate few tend to be far fewer in number when aid is extended privately instead of through tax funded programs. Government Bureaucracies Benefit from Welfare Programs […]

World’s First Vending-Machine For The Homeless To Be Unveiled In UK In December; LA, NYC Next Year

This is a first, a new charity in the UK called Action Hunger plans to install a vending machine for the homeless in December. The organization describes itself as a charity with a “new approach to combating homelessness.” The initial plan will be installing a machine in the town of Nottingham in the December time-period, then a second machine […]

As America Gave Thanks, Homelessness Set New Records In Major Cities All Over The Nation

Authored by Michael Snyder via The Economic Collapse blog, If the economy is doing just fine, then why is homelessness at levels not seen “since the Great Depression” in major cities all over the country?  If the U.S. economy was actually in good shape, we would expect that the number of people that are homeless […]

Mapping The Highest And Lowest Incomes Of America’s City Slickers

All throughout history, people have gone to cities to take advantage of the wealth and business. We wanted to know which metropolitan areas offered the best opportunities for Americans, so we looked at data for all 382 metros. Want to know where to make the most money? The following map from HowMuch.net shows just where… Source: […]

Mauldin: A Generational Reset Redistributing Wealth To The Bottom 60% Is Near

Authored by John Mauldin via MauldinEconomics.com, Billionaire founder of top hedge fund Bridgewater Associates Ray Dalio got where he is by having keen insight into both human nature and economic trends. Occasionally, he shares some of his wisdom publicly. In one of his recent articles, Dalio argues that it is a serious mistake to think […]

“Homeless Explosion”: Tech Boom, Surging Rents Creating Homeless Crisis On America’s West Coast

America’s liberal left coast states count themselves among the most adamant supporters of controversial pieces of legislation intended to support low-income families.  From their stunningly high income tax rates to their $15 minimum wage mandates, states like California and Washington are leading the charge on implementing Bernie’s socialist agenda. Of course, some of the biggest […]

Child Poverty In Britain Set To Reach New Record High

"Across all regions, relative child poverty is projected to increase markedly," according to new research from the Institute for Fiscal Studies. The thinktank predicts an increase of more than a million in the number of children living in poverty, more than reversing all the progress made over the past 20 years. As The Guardian reports, […]

American’s Consumer Confidence Highest Since The Peak Of DotCom Bubble

The animal spirits among American consumers has not been this 'high' since the year 2000… The only time in US history that confidence was this high… was the dotcom bubble… but it's different this time…   With the Mountain Region surging to Dec 1999 record highs… “Consumer confidence increased to its highest level in almost […]