Considering a move to another state or across the country? Be sure to count the cost of that move by checking the employment numbers that can tell you the economic health of the city. Open up this Bureau of Labor Statistics link and check out the interactive charts that can give you an overview of the city that you're planning on christening as your new home.
Also, if you're concerned about the financial health of a particular city across the country and whether it is solvent or not, this chart gives you a guide.
It’s official: JP Morgan has cornered the gold-derivatives market in the US.
To corner a market means to control a sufficient percentage of the total to be the biggest player in the field and, thereby, be able to determine prices and policies. JPM owns 60% of US gold derivatives valued at $65.4 billion.
However, those contracts are backed by only $1 billion in physical gold. That means the bank would be wiped out if gold speculators decide they want real gold instead of paper contracts for gold. If or when that happens, the physical-gold market will skyrocket, and governments likely will come to the aid of the banks by halting trading “to protect the world economy” of course. What would happen then is anyone’s guess. These are interesting times.
http://www.zerohedge.com/news/2014-02-01/market-cornered-jpmorgan-owns-over-60-notional-all-gold-derivatives
