It is the 30th of March 2017

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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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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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Albert Edwards: This Is The Reason Why The Market Doesn't Believe The Fed Any More

While it was generally a quiet day in the market, an unexpected tension emerged today: first central banker incubator Goldman Sachs, and then RBC both made the case that Janet Yellen has not only failed to communicate what yesterday's rate hike means, but that the Fed has effectively lose control of the market, by unleashing just the opposite reaction of what the Fed had intended: in fact, as Goldman explained, the response to the market was the equivalent of "almost one full cut in the federal funds rate." In other words, instead of hiking, the market interpreted the Fed's action as a rate cut, which according to Goldman will force the Fed to explain that the market was wrong, prompting even more volatility when the market's inevitable cognitive dissonance hits.

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