Feb 26 2010

The Financial Battle for the Middle Class – Underemployment at 20 Percent, 38 Million Americans on Food Stamps and Little Hiring. Can it be a Recovery with no Jobs for this Long?

For most Americans a jobless recovery is an oxymoron.  After all, the vast majority of Americans who pump money into the economy through consuming what they earn, typically find it harder to spend if they don’t have a job to draw an income from.  It is understandable that there is a lag between a recession […]

Feb 25 2010

The Ultimate Ponzi Scheme – FDIC is Backing $5.3 Trillion through the Deposit Insurance Fund that now has a Balance of -$20.8 Billion. FDIC has Cash and Marketable Securities of $66 Billion. Is that Really Enough to Back Every Account for $250,000?

The FDIC is running the biggest confidence game in the country.  The FDIC is now protecting through the Deposit Insurance Fund (DIF) some $5.3 trillion in deposits in banks across the country.  All of this is secured by an insurance fund that is now in the negative by $20.8 billion.  In the middle of this […]

Feb 23 2010

The Expanding Economics of Austerity – Home Equity Loan Ads Replaced by Brown Bag Ads. Breakfast Sales take a hit as more Unemployed Avoid eating out.

The middle class of America is adapting to the new austerity taking hold.  Many are changing their habits to live in a market where credit is less accessible but others are having a hard time giving up the artifacts of the debt boom decade.  However you slice the numbers average Americans are confronting a leaner […]

Feb 21 2010

Quantitative Easing and the Electronic Money Printing Machine – Saying Goodbye to Historically Low Mortgage Interest Rates. Federal Reserve 95 Percent Complete on Buying $1.25 Trillion in Mortgage Backed Securities.

People forget that quantitative easing is a form of creating something out of nothing.  This extreme form of monetary policy is called upon in certain situations when central banks reach the zero bound with their funds rate like the Federal Reserve in this current crisis.  What is quantitative easing?  The Federal Reserve trying to solve […]

Feb 18 2010

The Middle Class Two Income Trap – Two Breadwinners plus Extra Money to support the Banking Industry. How Middle Class Americans are losing Ground by Supporting the Financial Sector.

If it isn’t enough that average Americans are contending with the rising cost of healthcare, education, and daily necessities like food now additional funds are going directly to the banking sector to keep them propped up like a money loving puppet.  Since the Great Depression the rise of the middle class has been the envy […]

Feb 16 2010

The Only Certain Bet in this Market is paying Down Debt. Credit Card Rates Rise as Other Interest Rates Drop. $866 Billion in Revolving Debt Still Remains.

The global economy remains on unstable footing as we see debt problems slam the European markets with Greece in the current spotlight.  Yet the problem of debt is not unique to Greece itself and it is fascinating that the world is only focusing on one country.  The average American over the past four decades has […]

Feb 13 2010

Commercial Real Estate Collapse Bigger than Subprime Implosion – Why is the Market Ignoring the $3.5 Trillion Commercial Real Estate Market Implosion? Pricing in Another Bailout.

Most people that follow real estate even at a cursory level have heard of the problems in commercial real estate.  The enormous $3.5 trillion market in commercial real estate (CRE) has deep and profound problems.  At the peak CRE was estimated to be valued at $6.5 trillion.  Today the value is closer to $3.5 trillion […]

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