Feb 28 2009

Is the California True Unemployment Rate at 18.47 Percent? The 10.1% Headline Number is the Highest Rate in Over a Quarter Century. 1.8 Million Workers Unemployed in one State. How Many are Partially Employed or Have Given up Looking for Work?

California is a microcosm of the entire United States.  The most populous state with a GDP of $1.8 trillion, much of what happens in California does spread throughout the country.  California’s employment situation is deteriorating at a breathtaking speed.  The latest employment numbers were released after the bell closed on Friday, which now seems [...]

Feb 26 2009

American Consumers Cutting up that Final Credit Card: The End of a 30 Year Consumption Era and the Nervous Breakdown of the Spending Psychosis.

Imagine sitting in a messy room.  Chopped plastic all around you as you sit there clasping a set of red scissors.  Only one more credit card sits in the middle of the room starring back at you.  Can I do it you ask?  Is it possible to go forward in life with no credit [...]

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