It is the 19th of February 2020


Nobel Laureate 'Discovers' Cause Of Opioid Crisis: Complete Economic Destruction Of The "White Working Class"

For several decades now the American Midwest has suffered from unprecedented economic decay courtesy of a persistent outsourcing of manufacturing jobs in the automotive and steel industries, among others. As we've noted frequently, that economic decay has resulted in a devastating surge in opioid overdoses that claim the lives of 100s of people each year.

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"Traders Got It Wrong Before The Election, And Continue To Get It Wrong Today"

In light of the only thing that matters for markets (that would be Donald Trump for those who have slept through the past three months), here are some salient thoughts from the latest weekend notes by One River Asset Management's Eric Peters, whose uncanny ability to put a unique spin on events in third person continues to impress.

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Here Are The Countries Where Millennials Will Have To Work Until They Die

It turns out there is a downside to spending 120% of your annual income every year from the time you graduate college until that day you turn 40 and finally realize that you're getting old and have absolutely no liquid assets and no hopes of ever retiring.  While the above strategy seemingly makes sense to our elitist, Ivy League-educated central planners at the Fed who have waged a nearly decade-long war on saving (because how can we have economic growth if people aren't willing to lever their income 5x and spend every dollar they make?), the roughly 19% of Americans who are over the age of 65 and are still forced to work are probably wishing they could go back and do things slightly differently. 

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Princeton Cancels Men's Swim Season After "Vulgar, Offensive, Misogynistic And Racist" Emails Discovered

Princeton University has officially become the 3rd Ivy League School, joining Harvard and Columbia, to cancel a team's sports season after the discovery of what university officials called "vulgar, offensive, misogynistic and racist” emails on a team listservThe Daily Princetonian reported that the men's swimming and diving team had be suspended for the remainder of the season after the alleged "offensive" messages prompted an official complaint to be filed by an anonymous source. 

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