Jan 19 2013

Income Based Repayment plan cementing inflated higher education costs for graduate school: How new IBR Pay as you Earn plan will be a big win for graduate students and keep college costs high. Student debt to hit $1.8 trillion in 2020.

It is interesting that the two segments in our economy mired in debt, housing and higher education, were largely inflated courtesy of easy access to debt.  New rules on how students pay back their student debt including the Income Based Repayment plan ironically will keep prices inflated.  The new program dubbed “Pay as you Earn” […]

Jan 18 2013

Is the stock market a sham for the middle class? Retail investors expected to pull out $475 billion in funds. Volatility index under pricing real risks.

The stock market is largely a source of entertainment or awe for most Americans instead of being a true source of wealth.  In the United States roughly 42 percent of all financial wealth is aggregated with one percent of the population.  One third of Americans have no savings at all so for this group, the […]

Jan 15 2013

Federal Reserve bubble escape clause: The master of bubble creation talks about preventing future bubbles and other circular banking logic. Fed aggressively buying securities outright.

It is no secret that the Federal Reserve is aggressively buying up a variety of securities and storing them in their opaque balance sheet.  The Fed in essence has become the bad bank and has served as the conduit to support bad banking policy.  There seems to be a policy of slowly shrinking the middle […]

Jan 12 2013

US median household income trap: Four decades of data and households struggling to keep up with inflation. Younger Americans face bigger income struggles.

Household income growth in the US has largely been absent for well over a decade if we adjust for inflation.  This is important because people truly care about what their money can purchase.  What use is it getting a $1 raise if healthcare went up $2?  What use is it that you are earning $1,000 […]

Jan 10 2013

Sequestering the working and middle class – The implications of runaway debt. GDP at record levels yet nonfarm employment is 4 million below previous peak. Trillion dollar coins. Greece unemployment reaches a new record.

Gear up those printing presses.  You might be thinking that some of the policy talk coming out today is from The Onion but no, the idea of a $1 trillion coin is being discussed.  The Federal Reserve is already very willing to become a shadow bad bank and take on all the questionable assets from […]

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