May 4 2011
Financial raiders and the loss of the American middle class. 5 charts showing the slow erosion of the middle class in America. 12 states have underemployment rates above 17 percent, insiders selling out, Great Recession in perspective, and a race to the financial bottom.
The current economy is built on a flashy digital casino interface and most of the middle class in the United States is at risk of moving backwards in the coming years. Millions have already fallen a few rungs lower on the economic ladder. The stock market no longer benefits the buy and hold investor but […]
May 2 2011
The covert bailing out of the commercial real estate industry by the Federal Reserve. How the Fed bails out ritzy hotels and empty shopping malls on the back of taxpayer dollars.
Part of the success that the Federal Reserve has achieved with boosting up large banks stems from its secretive ability to forge shadow bailouts of residential and commercial real estate loans. The more secretive of the previous two comes from the commercial real estate (CRE) industry. During the height of the housing mania in the […]