Aug 28 2009

Going Broke on $50,000: The Story of the Struggling American Middle Class. The $50,000 Median Household Budget.

The recent recession is exposing how many American families have been treading on the edge.  Problems were already in the system before the recession began but the downturn in the economy was the ultimate catalyst.  Many families were using credit cards as a means of supplementing a decade of stagnant wages.  The median household income […]

Aug 27 2009

Demand Destruction Price Deflation: Earnings up when you Fire Employees. California Lowering Tax Brackets. Social Security no Cost of Living Adjustments.

The Consumer Price Index has shown a year over year decline for the first time since the 1950s.  This in itself has added fuel to the growing flame of the menace of deflation.  Yet what we are seeing in the psychical world in the form of price declines is directly linked to demand destruction and […]

Aug 24 2009

Federal Reserve Paying Interest on Excess Reserves: Why Lend when you can Earn Interest for Holding on to Funds with Low Risk? The U.S. Treasury and Federal Reserve Walking a Tight Rope.

One tiny announcement made by the Federal Reserve back in October of 2008 is finally making some noise in the dark corners of the internet.  What the Federal Reserve announced at the time was that it would begin paying interest on depository institutions’ excess reserve balances.  Now why this is important is that it offers […]

Aug 22 2009

S&P 500 Over Priced: With 97% of Companies Reporting Q2 Earnings the PE Ratio is Now at 129. The Most Over Hyped Market Rally Ever.

There is probably no better indicator of market volatility than the current price to earnings ratio of the S&P 500.  The market volatility is spectacular and we are seeing more gyrations in this recession than we did during the Great Depression.  Since March when the S&P 500 touched the 666 mark, the rally has boosted […]

Aug 20 2009

Home Equity Loans: $674 Billion in Total Loans. When The Household ATM Goes Out of Order. First, Second, Third, Fourth, and Even Fifth Mortgages.

Home equity was once seen as a cushion for a rainy day.  People built up home equity as a means of paying off their home loan and saw it as a source of security.  The days of the mortgage burning parties were all but lost in this housing bubble.  The roots of the housing bubble […]

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