Sep 15 2012

QE3 into infinity and stagflation – Federal Reserve now purchasing over 50 percent of MBS and planning on buying $40 billion per month into infinity.

The Federal Reserve is playing with financial fire here.  The last employment report was terribly weak and no amount of spinning can make it good.  The drop was largely based on hundreds of thousands of Americans dropping out of the labor force.  Is that really a positive sign?  Last week we received data from the […]

Sep 13 2012

Federal Reserve slaps on financial rocket boosters but who will benefit? Half of Americans spend more than they make and household incomes fall back to levels last seen in 1995.

The Federal Reserve announced the sequel to the sequel on Thursday with Quantitative Easing 3.  After all, if something didn’t work the first time might as well rinse and repeat.  The markets are rallying yet what has come from the QEI, QEII, TALF, TARP, and all of those other backdoor bailouts?  What has resulted is […]

Sep 10 2012

Economic duplicity with low wage capitalism – Nearly half of those that lost their job between 2009 and 2011 are working in a lower wage position. The hard financial reset button.

All jobs are not created equal.  It is unfortunate that last month the drop in the unemployment rate was largely driven by hundreds of thousands of Americans simply dropping out of the labor force.  Not exactly a way to build the middle class but to many it gives the false impression that things are getting […]

Sep 7 2012

The swan song of stagflation – Gas prices up over 100 percent from 2005 and incomes are stagnant. Ignoring a $16 trillion debt headline and repackaging food to hide stagnant incomes.

If you look around your daily life you realize that your purchasing power is losing value.  For a few decades now the middle class in the United States has demonstrably shrunken like clever food packaging.  Over the last forty years we have lost 10 percent of our middle class.  Most have fallen into the lower […]

Sep 4 2012

Student debt crisis enters a tipping point – Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.

The great deleveraging event continues to unwind while one sector of debt continues to grow by leaps and bounds.  While other forms of debt have fallen by $1.6 trillion since the peak of the debt bubble mania, student loan debt has increased by a stunning $303 billion since the third quarter of 2008.  What is […]

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