Aug 31 2012

When the financial clock strikes zero – Half of Americans pass away with nearly zero wealth. The middle class has contracted by ten percent in the last 40 years.

A recent study demonstrates the precarious financial position many Americans find their lives in.  The National Bureau of Economic Research found that nearly half of Americans pass away penniless.  The exact figures were sobering stating that many of these Americans end up with no financial assets including home wealth and typically rely heavily on Social […]

Aug 27 2012

Zero effective policy and stalling QE3 – Why QE3 will have little financial impact if implemented. Deposits at US commercial banks quickly approaches $9 trillion.

The markets eagerly await the words of central bankers over the next few days.  The markets are on the fence waiting to see if Ben Bernanke gives the green light for QE3.  What many fail to realize is the Fed already has other mechanisms to force banks to lend in the current marketplace.  First, there […]

Aug 24 2012

China enters unfamiliar economic territory with rising inventory – Contraction in China’s manufacturing sector now inching closer to one year. What does this say about the global recovery?

China is feeling the deep impact of the global slowdown.  The country has seen unprecedented growth for the last few decades and is now entering into a very unfamiliar territory.  Slowing demand.  Data is reflecting that the slowdown on exports from places like the US and especially Europe is having an impact in their very […]

Aug 21 2012

Do not be lulled by the siren call of inflation – The slow decline in living standards. Gas is up 100 percent over last 8 years while income has fallen.

Inflation has a slow methodical way of eroding the purchasing power of what sits in your bank account.  The Federal Reserve is doing all it can to create asset inflation to allow banks to offload inflated assets onto the market so they can repent for the financial sins created during the credit bubble.  Unfortunately there […]

Aug 19 2012

Debt bubble amnesia – 40 percent increase of Americans with accounts in collection in the last decade. System still heavily reliant on extreme consumption.

The debt hangover is still giving the nation a deep headache.  For example, in 2003 10 percent of Americans had an account in collections.  Today, it is more than 14 percent.  The addiction to debt is both troubling but what is more surprising is how little was learned from the financial crisis.  The stock market […]

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