Nearly Half Of America Lives Paycheck-To-Paycheck

Nearly Half Of America Lives Paycheck-To-Paycheck

Tyler Durden on 02/01/2014 14:45 -0500

While stocks are still near record highs and the inventory-stuffed picture of economic growth for the US ticks up to its fastest pace in 2 years,Time reports that a study (below) by the Corporation for Enterprise Development (CFED) shows nearly half of Americans are living in a state of “persistent economic insecurity,” that makes it “difficult to look beyond immediate needs and plan for a more secure future.” In other words, too many Americans are living paycheck to paycheck… but their findings get worse. Read more of this post

Market Cornered: JPMorgan Owns Over 60% Notional Of All Gold Derivatives

Market Cornered: JPMorgan Owns Over 60% Notional Of All Gold Derivatives

Tyler Durden on 02/01/2014 20:03 -0500

Perhaps the only question we have after seeing the attached table, which shows that as of Q3, 2013 JPMorgan owned $65.4 billion, or just over 60% of the total notional ($108.2 billion) of all gold derivatives in the US, is whether the CFTC will pull the “our budget was too small” excuse to justify why it allowed Jamie Dimon to ignore any and all position limits and corner the gold market? Read more of this post

Indonesia bids to woo carmakers away from Thailand

Indonesia bids to woo carmakers away from Thailand

Sunday, February 2, 2014 – 06:00

Wahyudi Soeriaatmadja

The Straits Times

Honda opened its second car manufacturing factory in Indonesia this month, and Datsun is set to follow suit in April.

Toyota is also looking at expanding production in Indonesia, officials say, as ongoing political uncertainty in Thailand sees businesses and investors look elsewhere in the region. Read more of this post

Pakistan’s privatization tsar embarks on quest to revive economy

Pakistan’s privatization tsar embarks on quest to revive economy

6:55pm EST

By Mehreen Zahra-Malik

ISLAMABAD (Reuters) – Mohammad Zubair was on a cruise dinner with Pakistani Prime Minister Nawaz Sharif in Thailand when he was offered the hardest job of his life: privatizing a huge chunk of the economy while fighting resistance from the opposition and trade unions. Read more of this post

Australia’s home-brewed inflation a hangover for central bank

Australia’s home-brewed inflation a hangover for central bank

2:34pm EST

By Wayne Cole

SYDNEY (Reuters) – The laudable desire of Australians to be well educated and healthy is proving an expensive one as escalating costs add to inflationary pressures even as the broader economy slows. Read more of this post

Global automakers scour India’s backroads in search of dream market

Global automakers scour India’s backroads in search of dream market

4:26pm EST

By Aradhana Aravindan

MUMBAI (Reuters) – For global automakers, the dusty backroads of rural India could be the new El Dorado.

As economic torpor suffocates demand for new cars in India’s megacities, incomes are growing faster in small towns and country areas. That’s pushing the likes of General Motors (GM.N: QuoteProfileResearchStock Buzz) and Honda Motor Co (7267.T: QuoteProfile,ResearchStock Buzz) to fan out in search of buyers in places where fewer than 20 people in every thousand own a car – for now. Read more of this post

The Human Search for Meaning: “He who has a Why to live for can bear almost any How.”- Nietzsche

The Human Search for Meaning

January 28, 2014 by Shane Parrish

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“He who has a Why to live for can bear almost any How.”— Nietzsche

Holocaust survivor Viktor Frankl, is best known for his 1946 memoir Man’s Search for Meaning. The book sheds light on the horrible experiences of Auschwitz and what they taught him about life, love, and our search for meaning. When all seems hopeless, why is it that some people push forward while others subside. Read more of this post

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