Jan 19 2010

Credit Card Companies Pulling Back Credit Offers to American Households: Those Zero Percent Offers have now Turned into 30% Offers with Annual Fees. Banks have over $2 Trillion in Excess Reserves yet are unable to Offer a Decent Credit Card Rate.

Credit cards are ubiquitous like air in the American economy.  Virtually every American that can qualify for a credit card has one (or many) in their wallet.  Credit card companies have flooded the market with millions of plastic rectangles that have now come back to bite many American consumers.  If we rewind back to the […]

Jan 17 2010

How the Average American household making $52,000 a Year is Coping while the Ultra Rich Pull Away. Examining the new Numbers on Income Distribution in the United States.

Now that tax season is rolling around average Americans are examining the implications of a difficult 2009 economy.  Yet the data on typical families shows that many Americans are falling further and further behind in this current economy.  It is sobering to realize that over 14 million American households live on $15,000 or less per […]

Jan 15 2010

Commercial Real Estate Surpassed Residential Real Estate as Worst Performing Property Class in 2009: The $3.5 Trillion Financial Time Bomb is hitting the Economy.

Some of you are probably not aware that the commercial real estate market has crossed a dreaded line in the sand.  Commercial real estate (CRE) that includes apartments, industrial, office, and retail space is now performing worse than residential real estate.  Not just by a little but by a good amount.  While the CRE bust […]

Jan 14 2010

Financial Crisis Inquiry Commission – FCIC Needs to Recommend the Breaking up of Commercial and Investment Banking.

The Financial Crisis Inquiry Commission (FCIC) started hearings this week.  I was reading through a report they put out examining financial market and economic data and it is fascinating that many of the charts we are seeing in the report are covering aspects that are largely being missed by the regular media.  They cover the […]

Jan 12 2010

The Capture of our Government by Wall Street: A 70 Percent Stock Market Rally lines up with an Additional 2.7 Million Jobs Lost since March of 2009. How Wall Street Reflects the Interest of the Corporatocracy and not the Real Economy.

It is a sight to behold that the stock market is rallying since the March 2009 low even though we have officially lost an additional 2,700,000+ jobs since that time.  That is right, the system is so upside down right now that somehow nearly 3 million jobs lost is worthy of a nearly 70 percent […]

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