The Federal Reserve Asset Bubble Machine + MORE May 12th

Young people aspiring to buy their first home are already facing disappointment this year.
Rising prices are putting more homes out of reach, and pickings are slim because few properties have come onto the market this spring, when sales are supposed to take off.
Millennials are also burdened by heavy school debt and depleted savings that hurt their ability to qualify for a mortgage. Until their incomes start to rise meaningfully, many will be forced to keep hunting for a home while delaying the dream of ownership. This has weighed on overall home sales and economic growth throughout the rebound in housing the past three years.
“People need to see more money in their paychecks before they’ll take the plunge into homeownership,” said Greg McBride, chief financial analyst at Bankrate.
If early signs are any indication, there won’t a noticeable jump in new homeowners during the spring.
Amy Arnold and her husband began looking at listings in Denver late last year. The 28-year-old apparel buyer quickly found that the few homes in the couple’s price range got snapped up for more than asking price, leaving her exasperated at how “crazy” the market seemed…

Regulators want to apply a new standard to financial retirement advisers that will ultimately hurt many savers.

Easy money is driving up the price of stocks, bonds, houses and other assets in a era without historical precedent.

The insurer and wealth manager is seeking opportunities in the U.S. and U.K.