from King World News
On the heels of the IMF downgrading their global growth forecast, below is a shocking look at what the elderly are already doing just to survive.
Here is a portion of today’s note from Art Cashin: Grandpa Goes To Jail – Willingly – The incredibly sharp-eyed Grant Williams found a disturbing new trend in Japan, which was described in an article in the FT. Here’s how the article began:
Japan’s prison system is being driven to budgetary crisis by demographics, a welfare shortfall and a new, pernicious breed of villain: the recidivist retiree. And the silver-haired crooks, say academics, are desperate to be behind bars.