Sep 30 2009

Option ARMs in Financial Pain: 900,000 Mortgages and 1 out of 4 either Seriously Delinquent or in Foreclosure. OCC and OTS Report Shows Foreclosures Still Growing.

It is interesting to see new data being published regarding Option ARMs in the new OCC and OTS report.  According to the recently released report, there were 900,000 active Payment Option ARMs in the United States.  What is troubling about the current report is the performance of these loans.  Many of these loans are located […]

Sep 28 2009

The Long Lost City of Detroit: The Economic and Financial Pain of Motor City. How Detroit went from 1.8 Million to 912,000 Residents. 28.9 Percent Unemployment.

There is no other city in the United States that highlights the Achilles Heel of the current financial crisis like Detroit Michigan.  Detroit Michigan had a booming population from 1870 to 1950.  In 1870 Detroit had 79,577 residents and in 1950 Detroit had a stunning 1.8 million.  The massive boom came with the growth of […]

Sep 26 2009

35 Million Americans on Food Stamps: 12 Percent of U.S. Population on Food Stamps Highest Since Records Kept in 1969.

There are a few statistics that you can look at to see actual human pain in the real economy.  You can look at the recent stock market rally yet even a 50+ percent rally is unable to create jobs or stem the economic pain of those at the lower end of the economic spectrum.  Looking […]

Sep 24 2009

The End of the Decade of the American Consumer. The Regime of new Austerity and Consumer Economic Feedback.

The American consumer has become addicted to easy access to debt.  This has gone on for so long that debt is now as vital as air to the survival of our consumption based economy.  This is probably no revelation to you or for those that you know.  Yet the great taboo of American culture is […]

Sep 22 2009

Breaking the Consumer: Exporting Empty Containers Declining. Consumer Credit is contracting at Rapid Pace. Is the Consumer Treadmill Showing Signs of Exhaustion?

If you know where to look, the American consumer is not buying into the U.S. Treasury and Federal Reserve great debt experiment.  Port traffic is still declining and indicators show no sign of a major resurgence.  If you look at the recent weak outbound pace of containers that are empty what we can expect is […]

Sep 20 2009

The Art of Strategic Mortgage Defaults: The Coming Wave of Foreclosures in California. 588,000 People Nationwide Stop Paying Their Mortgage Even Though they had Funds to Pay.

Throughout the current housing crisis, most of the negative economic data has been clumped into one large group.  That is, housing has been a nationwide problem and job losses have impacted virtually every state.  Yet there is a coming crisis that has its targets on very specific states.  In fact, many states will not even […]

Sep 17 2009

The U.S. Balance Sheet: Households See Net Worth Down by $12 Trillion Since Peak and Total Debt Floating in the Market of $33 Trillion.

The Federal Flow of Funds report was released on Thursday with an expected jump in household net worth.  When we did our last report, we stated that with the $13.89 trillion in wealth that evaporated to the trough, we would expect a jump in net worth to come from the massive stock market rally.  The […]

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