It is the 30th of April 2017

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In Which States Do Most Millennials Live With Their Parents?

Just a few short decades ago America's youth was highly encouraged by eager parents to become self-sufficient by the ripe old age of 18.  Today, the mere suggestion of such a thing could land unsuspecting parents in prison for 'triggering' their offspring with malicious 'hate speech.'

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People Are Ditching Chicago In Record Numbers As Windy City Leads U.S. In Population Loss

In just the latest sign that things are about to get a whole lot worse for the city of Chicago, especially in their efforts to deal with that pesky little $130 billion pension problem, the latest population statistics from the U.S. Census Bureau reveal that people are abandoning the Windy City in record numbers.  Per the table below from Crain's, the population of metropolitan Chicago has now declined two years in a row, a rate of decline that is accelerating, with over 65,000 people choosing migrate to other safer areas of the country.

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"Something Snapped": US Department Store Sales Crash Most On Record

As we first documented last week in "Mega-Bears Smell Blood As Mall REITs Tumble" and as Bloomberg followed up yesterday, looking at CMBS on the Mall REIT space, many have set their sights on mall REITs as the "next big short." However, an obvious question that has emerged is whether it is too late to go all in on this particular short, or whether as some have suggested, the bottom is in.  “The short feels crowded to us,” said Matthew Weinstein, principal at Axonic Capital, a hedge fund that specializes in structured products. “If these defaults start happening soon, the short will work, but if the defaults do not occur quickly, the first guy out could drive the market meaningfully higher.”

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California Is Exporting Its Poor To Texas

California exports more than commodities such as movies, new technologies and produce. As The Sacramento Bee reports, it also exports truck drivers, cooks and cashiers.

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