When I recently read an article on the Mayo Clinic web site, I saw a declaration I've never noticed before: "Mayo Clinic is a not-for-profit organization."

                                                        A revered nonprofit is an insatiable corporation in disguise

According to the Mortgage Monitor for October (pdf) from Black Knight Financial Services (BKFS, formerly LPS Data & Analytics), there were 857,824 home mortgages, or 1.69% of all mortgages outstanding, remaining in the foreclosure process at the end of October, which was down from 892,796, or 1.76% of all active loans that were in foreclosure at the end of September, and down from 2.54% of all mortgages that were in foreclosure in October of last year. 

One of the more consequential economic releases we get monthly from the Bureau of Economic Analysis is on Personal Income and Outlays, which in addition to the important personal income data, also reports the monthly data on our personal consumption expenditures (PCE), which as we saw is the major component of GDP..  From that data, the BEA also computes personal savings and the national savings rate, as well as a