Dec 26 2009

Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. – How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.

Many Americans are not buying the recent stock market rally.  This is being reflected in multiple polls showing negative attitudes towards the economy and Wall Street.  Wall Street is so disconnected from the average American that they fail to see the 27 million unemployed and underemployed Americans that now have a harder time believing the […]

Dec 24 2009

Commercial Real Estate Holders Decide to Walk Away: The Continuing Double Standard from the Banking Industry. Debt Ceiling Raised to $12.4 Trillion Making Room for more Bailouts.

There will be many new financial stories in 2010 but one that is certainly to garner much attention is the implosion of the commercial real estate market.  A $3.5 trillion market that has taken it on the chin alongside the residential real estate market.  The commercial real estate debacle usually follows a similar pattern.  Residential […]

Dec 22 2009

The Ponzi Decade: A Lost Decade in Stocks, Industrial Production, U.S. dollar, and Housing. How we Managed to Inflate and Destroy the Biggest Financial Bubble of our Generation.

It is fitting that we end the current decade just like we started it, with the bursting of bubbles.  In the early part of the decade we were dealing with the fallout of the technology bust.  That was quickly replaced by the even bigger housing bubble and that has now popped as well.  The trillions […]

Dec 19 2009

Credit Card Debt up to 15 Percent of Annual Household Income. Average Credit Card Debt in 1980 was $670 and Today it is up to $7,800. The Slimy World of Credit Card Lending.

Credit card companies have made it their passion to ensure that every eligible American has access to a credit card.  They have also created a financial labyrinth with traps in every corner from tricky financial statements to interest rates that would make loan sharks blush.  The credit card has become some form of financial rite […]

Dec 17 2009

The Commercial Real Estate Default Wave is Here: Commercial Mortgage Defaults Now at 16 Year High. 3.4 Percent of all Commercial Real Estate Loans in Default.

What has been lost in the housing talk recovery is the grim statistics that commercial real estate has fallen 37 percent in value in the last year.  This wouldn’t be such a big problem aside from the tiny detail that some $3 trillion in commercial real estate loans are still outstanding.  The commercial real estate […]

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  • 1. How much does the Average American Make? Breaking Down the U.S. Household Income Numbers.
  • 2. Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. – How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.
  • 3. Is college worth the money and debt? The cost of college has increased by 11x since 1980 while inflation overall has increased by 3x. Diluting education with for-profits. and saddling millions with debt.
  • 4. The Perfect $46,000 Budget: Learning to Live in California for Under $50,000.
  • 5. Family Budget: How to go Broke on $100,000 a year. Why the Middle Class has a hard time Living in Expensive Urban Areas.
  • 6. 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.
  • 7. You Cannot Afford a $350,000 Home with a $75,000 Household Income!
  • 8. Crisis of generations – younger Americans moving back home in large numbers. Student loan default rates surging largely due to for-profit college expansion.
  • 9. The next massive debt bubble to crush the economy – 10 charts examining the upcoming implosion of the student loan market. $1 trillion in student loans and defaults sharply increasing.
  • 10. Welcome to the new model of retirement. No retirement. In 1983 over 60 percent of American workers had some kind of defined-benefit plan. Today less than 20 percent have access to a plan and the majority of retired Americans largely rely on Social Security as their de facto retirement plan.
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