Sep 17 2010

Falling off the American Dream treadmill – Real median U.S. household income falls under $50,000. Poverty rate has grown exponentially since 2000, during the housing bubble.

The U.S. Census Bureau recently released troubling data on the status of American families.  The first disturbing point was that 43.6 million Americans now fall under the poverty category.  This works out to 1 out of 7 Americans.  The growth has come from many people falling off the middle class treadmill.  While the echoes of […]

Sep 14 2010

The persistent and sticky unemployment of the American worker – To get back to 5 percent unemployment we would need to add 285,000 jobs per month for 5 consecutive years.

The biggest problem facing many working and middle class families is the structural changes in our employment base.  By this point in any “recovery” the private sector would be adding a tremendous amount of jobs.  Yet there really is very little recovery for the typical American.  The stock market is performing “well” for the moment […]

Sep 9 2010

California MLS inventory up 25 percent since April. MLS public data at 144,000 but 742,000 mortgages in California are in foreclosure or one payment behind.

MLS inventory for California has increased by 25 percent since April of this year.  Part of this has to do with more foreclosures and short sales trickling their way onto the market.  It also has to do with sales declining because of tax credit expiration fatigue.  But what is the real inventory if banks were […]

Sep 6 2010

The privateers of education – How banks collude with the government to inflate college costs. Student loan debt now surpasses total credit card debt.

One of the more ominous statistics coming from this recession is that student loan debt has now surpassed total credit card debt in the United States.  The reason for this is based on the deep impact of the recession.  Credit card debt peak at $975 billion back in September of 2008 and is now down […]

Sep 3 2010

Submarine housing markets – Negative equity map and the 7 metro areas where mortgage balances outweigh the entire stock of housing. Examining underwater housing across the U.S.

Negative equity at such a large scale is a rather unique phenomenon from this housing bubble.  Even just a decade ago, a person got into a negative equity position due to a really significant shift in a localized market.  For example, a city lost a major manufacturing company that supported most jobs and home values […]

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