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In the UK the economy has grown but wages have declined. Does your bond index have Chinese bonds – it will soon. The Puerto Rican teacher’s pension ponzi scheme (really several US states and cities aren’t far away from a similar situation). Headlines WSJ - Macau Casinos Face Impending Shuffling
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US Baby Boomer generation making peace with less. Lots of US consumers are behind on their car payments. Banks are taking a step back from lending to the apartment market. Headlines FT - Norway plans shake-up of $900bn oil fund 2/16. The sovereign wealth fund of Norway - the largest
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You can be certain that China is doing what it can to buy local. A US municipal pension crisis takes center stage in Dallas. Yeah, interest rates are going up – oh wait, what… Headlines * FT - Casino stocks jolted by Macau ATM limit reports 12/8. When word spread that ATM
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Folks this Pension issue is a BIG PROBLEM. Speaking of problems, pollution in Delhi is a doozy. Supply side subsidies loom large in corporate China. Headlines * Reuters - 'Trump Thump' whacks bond market for $1 trillion loss 11/14. Inflation expectations are up resulting in major bond losses. * FT