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 […]

Feb 11 2010

FDIC and Federal Reserve Protector of the Big Banks – Four Institutions with Bank of America, JP Morgan Chase, Wells Fargo, and Citibank make up 55 Percent of all FDIC Backed Assets. Big Banks Pillaging the Middle Class.

The FDIC provides deposit insurance at 8,099 institutions.  Collectively the FDIC overlooks $13.247 trillion in assets at these institutions.  Instead of feeling protected you should feel weary because the FDIC deposit insurance fund is insolvent.  Now the assets at these institutions range from softer side financial instruments like CDs and regular deposits but keep in […]

Feb 9 2010

The Transfer of Risk from Wall Street to Main Street – How the Bailouts Shifted 3 Gigantic Risks from Wall Street in Housing, Banks, and Jobs to Average Americans.

There is a false security in our current economy.  The belief that the current banking industry is now healthy simply because the government supports it is misguided in valuing the real risk inherent in back stopping Wall Street.  Or the idea that deposits are safe up to $250,000 in commercial banks because the FDIC seal […]

Feb 7 2010

Banking and Housing Payments Devoured the Middle Class Income – 1 out of 10 Americans on Food Stamps and how the Fed Slowly Devalued the Dollars in your Wallet.

It is a challenge to say that things are getting better when every month that goes by more Americans are losing their jobs or needing to apply for food assistance.  In the latest data for food assistance through SNAP we find that 200,000 more Americans were added to the program.  That now brings the total […]

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