Nov 17 2009

10 States with Underemployment Rates of 20+ Percent. Manufacturing Sector Employs Same Number of Workers that we did in 1940.

The average American family must look at the current stock market rally as some kind of cruel joke.  We have people anxiously waiting for government funds or paychecks to clear at the end of the month so they can wait outside of a Wal-Mart shopping center at midnight to buy food once their funds clear.  […]

Nov 14 2009

Federal Government Budget Deficit in October is Three Times the Annual Budget Deficits of the Banana Republic of California.

California has been the poster child of ineffective state government.  Bickering politicians, constant spending, and budget deficits that baffle the economic bottom line.  But California isn’t alone in this spend more than you earn reality.  Last year, California had to patch up $60 billion in budget deficits.  A large and historical sum no doubt.  Yet […]

Nov 12 2009

Lining up at Midnight at Wal-Mart to buy Food is part of the new Recovery. Banks offering Mattress Interest Rates. The Invisible Recovery Outside of Wall Street.

There seems to be a growing divide in the current U.S. economy.  On the one hand, you have the financial sector swimming in their bailout-induced profits like a modern day Scrooge Mcduck.  In their circles, it appears as if the recession is over.  On the other hand, you have average Americans seeing access to credit […]

Nov 9 2009

The Balance Sheet Recession: $4.2 Trillion Lost in Residential Real Estate Value. Yet Mortgage Debt Down by $140 Billion.

What we are experiencing is a balance sheet recession.  The reality of our current economic funk is highlighted by the growing unemployment rate and the diminishing purchasing power of many Americans.  What is going to make this economic crisis drag out like a painful Hollywood divorce is the inability to reconcile the past with our […]

Nov 7 2009

Employment Engineering: Firing those who Work with Their Hands. Finance, Insurance, and Real Estate Jobs Protected by Bailout Structure. Other Sectors Dealing with Depression Trends.

It is hard to imagine why Wall Street would cheer a 10.2 percent official unemployment rate since the stock market actually ended the day higher after this dismal news.  Since the start of the recession, 8 million people have lost their jobs.  A total of approximately 27 million people are unemployed, underemployed, or have given […]

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