Suicide Rates Rise Sharply in U.S.
Suicide rates among middle-aged Americans have risen sharply in the past decade, prompting concern that a generation of baby boomers who have faced years of economic worry and easy access to prescription painkillers may be particularly vulnerable to self-inflicted harm.
More people now die of suicide than in car accidents, according to the Centers for Disease Control and Prevention, which published the findings in Friday’s [...]
by Charles Hugh-Smith
The economy has changed in structural ways; preparing for the old economy is a sure path to disappointment.
Millions of young people will be graduating from college over the next four years, and unfortunately, they will be entering an economy that has changed in structural ways for the worse. It’s easy to blame politics or the Baby Boomers (that’s like shooting fish in a barrel), but the dynamics are deeper [...]
Suicide rates among middle-age Americans have risen sharply in the past decade, prompting concern that a generation of baby boomers who have faced years of economic worry and easy access to prescription painkillers may be particularly vulnerable to self-inflicted harm.
More people now die of suicide than in car accidents, according to the Centers for Disease Control and Prevention, which published the findings in theMay 3 issue of its Morbidity and Mortality [...]
I have noticed around my neighborhood alot of adult children moving back in with their parents… Many of these neighbors are not happy at all with their moving back in!
So lets ask the parents, would you let your kids move back?
Nearly all boomers surveyed (93 per cent) have provided some form of financial support to their adult children.
The list includes helping them pay for college tuition or loans (71 per [...]
by Michael Krieger, Liberty Blitzkreig:
I’ve been following closely the recent attempts by the domestic oligarchy in charge of the corporatist-facist state we call America to create a new housing bubble for several years now. For a little while, I was merely confused as to how prices were starting to rise when college graduates have no jobs and are six figures in debt, while at the same time real incomes are dropping [...]
Harry Dent: Roller Coasters, Megaphones, Addictions and Comas—What Kind of Economy Is This?
Source: JT Long of The Gold Report (2/1/13)
Booms and busts in the economy are based on predictable demographic cycles such as those studied by Harry Dent, founder of HS Dent, chairman of SaveDaily.com and author of “The Great Crash Ahead: Strategies for a World Turned Upside Down.” In this Gold Report interview, Dent predicts a global crash between [...]
Declining migration and falling birthrates have led to a drop in the number of children in California just as baby boomers reach retirement, creating an economic and demographic challenge for the nation’s most populous state.
“After decades of burgeoning population and economic growth…the state now faces a very different prospect,” said a report released Tuesday by the University of Southern California and the Lucile Packard Foundation. The report, “California’s Diminishing [...]
Dent told CNBC this afternoon:
We think markets are going to go up for a while. I think Maria [Bartiromo] is right – the market wants to go up.
We’ll see one more correction into this second fiscal cliff. I think we’ll see another rally into March, April, May, or something. By the summer, we get another crash.
I think it’s going to be a choppy rally – up, down, up, down, with an upward bias. It’s [...]
Retirement no more: Median net worth at lowest level since 1969 recent study finds.
There may be a temporary jubilee with the notion that the fiscal cliff has been deferred for a few months. The media is quick to accept anything for a victory but very little has been done to stop our marching path onward on this massive debt spiral. Many Americans continue to live in poverty with no visible exit. [...]
The Real Crisis: “People Have Lost Trust In The Government And The Market”
The death of the ‘cult of equities’ was a popular topic this year among both fringe blogs and the best-known institutional asset managers and sell-side strategists. As AP discusses in this excellent article, ordinary Americans – defying decades of investment history – are selling stocks for a fifth year in a row. It’s the first time ordinary folks have sold during a [...]
Do GOP voters save better than Democrats?
The survey itself didn’t shed light on why Republicans begin saving earlier, however, and Allianz said it couldn’t identify specific causes. So to find some possible explanations, Encore did some lighthearted digging into the sociological and scientific literature.
Wealth. To cite the most obvious factor, research shows that higher-income voters are more likely than the less affluent to identify themselves as Republicans; and in [...]
from Silver Vigilante:
More than 40% of US citizens between the ages of 50-65 are planning onselling their homes and McMansion’s for something smaller and more practical, as “prospective downsizers exceed would be ‘upsizers’ by nearly 3-1,” reports the WSJ. They are under the assumption that, by downsizing, their lives will be made simpler and more inexpensive. While the former depends on each individual, the latter is certainly not always the case. Bulking [...]
“The senators gave Geithner a “hard deadline” of Nov. 1 for providing an initial response to these questions. Julia Lawless, spokesperson for the Republicans on the Senate Finance Committee, confirmed that as of Nov. 6 the committee had received no response from the Treasury secretary.
As of Oct. 31, according to the Daily Treasury Statement (DTS), the portion of the federal debt subject to the legal limit was $16,222,235,000,000–just $171.765 billion below the [...]
From Jim Quinn of The Burning Platform:
The unemployment rate during the Great Depression reached 25%. Without the BLS “adjustments” the real unemployment rate in this country is 23%. Cheerleading and packaging the data in a way to mislead the public does not change the facts:
There are 242 million working age Americans. Only 142 million Americans are working. For the math challenged, such as CNBC analysts, that means 100 million working age Americans [...]
I know, there really isn’t any good news in that headline. Americans are steadily getting poorer, fatter and sicker and yet most people continue to operate under the delusion that things are somehow going to get better. Sadly, not only are we not better off than we were four years ago, the truth is that things have been getting worse for a very long time. Median household income in the United States has [...]
WASHINGTON (CBSDC) – The Baby Boomer generation’s overall health has been on a sharp decline.
Australian researchers from Adelaide’s three universities have completed the first stage of a report on the generation born between the end of the Second World War and the mid-1960s.
Obesity among baby boomers is more than double the rate of their parents at the same age, and boomers with three or more chronic conditions was 700 percent greater [...]
RIVERSIDE, Calif. — In the Inland Empire, an economically depressed region in Southern California, President Obama’s health care law is expected to extend insurance coverage to more than 300,000 people by 2014. But coverage will not necessarily translate into care: Local health experts doubt there will be enough doctors to meet the area’s needs. There are not enough now.
Other places around the country, including the Mississippi Delta, Detroit and suburban Phoenix, face [...]
To understand why today’s young people have it so hard, take a look at their parents.
Today’s 20-somethings are, broadly speaking, the children of the last of the Baby Boomers, those born in the late 1950s and early 1960s. That generation, like this one, came of age in the midst of a brutal recession: The unemployment rate for 18-24 year-olds topped 17% at the end of 1982. (In 2010, it briefly [...]
From Zero Hedge:
The public pension and retirement ‘schemes’ are in considerable trouble… and now, according to a recent S&P study, private companies are at record levels of pension under-funding.
Fiscal 2011 shows that the under-funded level for S&P 500 companies’ defined pensions reached an epic $354.7 billion – an increase of over $100 billion from 2010 and surpassing the 2008 record of $308.4 billion – and OPEB under-funding reached $223.4 billion.
An aggregate $578 billion or [...]
In today’s market, it seems that if you hold onto an investment for longer than just a few days, you’re this century’s version of a value investor. The average holding period for the S&P 500 SPDR (SPY) is less than five days, and the ETF trades more than its entire capitalization each and every week. In an age where high-frequency trading dominates the market, many are beginning to wonder if [...]
The Obama administration last year introduced a rule that would extend minimum wage protections to home health workers who, up to that point, had received no guarantee of a liveable wage or fair overtime pay. But Senate Republicans are attempting to block the rule from going into effect.
Law360, New York (June 11, 2012, 8:24 PM ET) — A group of Republican senators on Thursday introduced legislation aimed at blocking the Obama administration’s controversial [...]
May 30, 2012
The Centers for Disease Control (CDC) is predicting an epidemic of hepatitis C (Hep-C) among baby boomers. So in order to preempt this epidemic, they have drafted a proposition to have everyone born between 1945 and 1965 tested for Hep-C in order to receive treatments and vaccinations (after diagnosis) with Hep-A and B vaccines.
That seems like a nasty proposition: two vaccinations that pretend to be designed for Hep-C. [...]
As US weak hands keep piling out of gold whether to make space for the Facebook IPO tomorrow, or just to load up on paper currencies in advance of central banks printing much more, two things have happened: China is now on its way to becoming the biggest source of gold demand, surpassing India, but more importantly as of hours ago, in a truly historic move, “Okayama Metal & Machinery has [...]
A comprehensive survey from Pew shows that there is still no majority support for gay marriage, contradicting polls from earlier this week. Even as more people support gay marriage, the percentage of those supporting it has yet to pass 50 percent.
Other findings from the study:
Compared to baby boomers at 39 percent and Generation X at 51 percent, Millennials are the most supportive of gay marriage at 63 percent
Women, at 51 percent, are more pro gay marriage [...]
Much has been said about the recent shifts in the US labor force: the decline in the unemployed, the flatlining number of those actually employed, but most importantly the soaring number of those who have left the labor force for good, which is where most of those who are “unemployed” end up, instead of back in the gainfully employed labor pool. We have made it all too clear why this [...]