Mish's Global Economic Trend Analysis

---

Nearly Half in Illinois, Connecticut, Maryland Would Leave if They Could Posted: 01 May 2014 11:31 AM PDT A Gallup survey on looking for greener pastures shows Half in Illinois and Connecticut Want to Move Elsewhere. Every state has at least some residents who are looking for greener pastures, but nowhere is the desire to move more prevalent than in Illinois and Connecticut. In both of these states, about half of residents say that if given the chance to move to a different state, they would like to do so. Maryland is a close third, at 47%. By contrast, in Montana, Hawaii, and Maine, just 23% say they would like to relocate. Nearly as few -- 24% -- feel this way in Oregon, New Hampshire, and Texas. Nevada, Illinois, Maryland, Louisiana, Mississippi, New York, and Connecticut all appear particularly vulnerable to losing population in the coming few years: high percentages of their residents say they would leave if they could, and larger-than-average percentages say they are at least somewhat likely to do so in the coming year. At the other end of the spectrum, Texas, Minnesota, and Maine have little to fear. Residents of these states are among the least likely to want to leave and few are planning to leave in the next 12 months. Would Move If They Could Likely to Move Nevada, Illinois, and Arizona lead the way in states where people expect to move. Reasons for Moving Illinois, New York, and Maryland were the only states where taxes were a significant reason for wanting to move. Illinois is at the bottom of the list in the friends and family category, and high in the work-related, weather, and quality of life reasons. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

IMF Warns Ukraine Bailout May Need "Significant Recalibration"; Separatists Storm More Buildings in Donetsk Posted: 01 May 2014 10:15 AM PDT If industrial-rich Eastern Ukraine falls the IMF Warns Bailout Needs "Significant Recalibration" Armed men stormed the Donetsk regional prosecutors' office today, throwing stones and stun grenades. "The government doesn't control the situation in Donetsk as well as part of the Donetsk region," acting Ukrainian President Oleksandr Turchynov said yesterday in Kiev. "Because there is a real threat of Russia starting a continental war, our army is on full combat alert." The IMF, which approved a $17 billion bailout for Ukraine early today, said "a significant recalibration of the program" might be required if the situation worsens. Premier Arseniy Yatsenyuk said yesterday that Ukraine is ready to offer "additional guarantees" for Russian speakers, which the government in Moscow says are at risk after Putin-backed President Viktor Yanukovych was ousted in February. Pro-Russia Separatists Storm Donetsk Prosecutor's Office The Financial Times reports Pro-Russia separatists storm Donetsk prosecutor's office Pro-Russia separatists strengthened their control of Ukraine's eastern regions on Thursday, storming the eastern Donetsk regional prosecutor's office, smashing windows, driving police out and ransacking the building. Earlier, about 2,000 demonstrators marking the May day holiday marched through Donetsk, chanting "Rossiya" and demanding the release of Pavel Gubarev, the protesters' imprisoned "people's governor" in the region. Separatists in the Donetsk and Lugansk regions plan to hold a referendum on May 11 on the creation of a 'Donetsk people's republic'. Kiev authorities oppose the vote, which they say would be illegal under Ukrainian law. Ukraine's interim authorities launched an operation against the rebels in the east last week, which has made little apparent progress. Ukrainian army, interior ministry and police forces have set up or reinforced checkpoints around the regional rebel headquarters of Slavyansk, but made no attempt to enter the town, and faced criticism for the ineffectiveness of the operation. Hryvnia vs. US Dollar At the beginning of the year the hryvnia traded at 8.21 per US dollar. It now trades at 11.55 per dollar, a decline of 28.9%. On April 14, it traded at 13.16 to the dollar, a decline of 37.6%. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

You are subscribed to email updates from Mish's Global Economic Trend Analysis To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610