Nov 30 2012

The Temple of Inflation – where does the typical Americans spend their money? A comparison between 1986 and today.

For most people that I know the mortgage and rent payment will eat up the largest portion of a monthly budget.  This is the case for the vast majority of Americans as well.  Housing is the biggest line item expense on the monthly budget.  For the most part people tend to think that the Federal […]

Nov 28 2012

Deleveraging on good debt and ramping up on consumption debt – growth in auto loan debt, collection amounts, and revolving debt.

The grand US household deleveraging event continues as debt is paid off or more likely, wiped away via foreclosures and bankruptcies.  What is hidden in the deleveraging trend is the growth of debt in certain spending categories.  Keep in mind that not all debt is bad.  For multiple decades the US had a cautious lending […]

Nov 25 2012

Is College Worth the Price and Debt? Private student loans make up $150 billion of the $1 trillion in outstanding student debt. Private student loans grow hand and hand with for-profit institution growth.

Few will ever argue that getting an education is a worthy goal.  College is seen as the gateway to a better life and mobility into the middle class.  The middle class has been shrinking while the cost of attending college has skyrocketed.  The cost to attend college has far outstripped any sensible economic measure and […]

Nov 20 2012

Smoke and mirrors economy – 47 percent of the members in Congress are millionaires. 67 percent of Senators. Fed and Treasury money close to $7 trillion.

The Federal Reserve is really deep into uncharted territory.  In no other time in history has the Fed been so intricately involved in the overall economy.  The Fed balance sheet has expanded to an incredible level under very little scrutiny by the public or elected officials, many who have a vested interest in keeping the […]

Nov 18 2012

Quantitative addiction and the allure of low interest rates – US paid $454 billion in interest payments alone in 2011. Equity in real estate for households cut in half.

Today I was looking at the total public debt outstanding and the current figure seems surreal.  The total public debt outstanding is now up to $16.27 trillion.  We’ve been on this path for many decades of spending more than we earn but the problem is we are reaching a peak debt situation.  It is hard […]

Nov 15 2012

Recession probabilities – For the 50 million Americans in poverty the probability of a recession is 100 percent. Growing economic divide for working class.

The probabilities of the US slipping into another official recession are growing.  Don’t tell this to the 50 million people that are reportedly at the poverty level according to a new US Census report.  This trend isn’t something new and it certainly is not going to be resolved overnight.  We have nearly 47 million Americans […]

Nov 9 2012

The rise of college students applying for food stamps – Mixing of college debt, part-time work, and food stamps. Working 40 hours a week at a minimum wage job does not cover basic costs for a college education.

The drawn out election campaign has now come to an end and very little substantive action is likely to be taken to assist the middle class.  Even more disturbing is how little attention was given to the growing number of poor Americans.  Almost 47,000,000 million Americans are now on food stamps, a record both in […]

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