Mar 30 2013

US Household income continues to fall in midst of recovery: Since the recession started median household income is down 7.3 percent.

US households continue to face a declining standard of living.  The first obvious item comes from falling incomes.  Some of this is being masked by renewed access to debt as banks are once again lending money to over stretched consumers.  Yet real wealth recovery this is not.  The next major depressing factor for households is […]

Mar 26 2013

Too big to fail or ignore: How the US went from over 13,000 banks in 1987 to 6,000 today. $7.4 trillion in deposits backed by $32 billion dollars.

Remember when too big to fail brought our economy to a grinding halt?  Of course you do because this is a recent financial event with dramatic ramifications.  In the time since the buffet of bailouts was rolled out you might be surprised that the too big to fail banks have only grown even larger and […]

Mar 24 2013

The bailout of the wealthy: stock market sham, income inequality, and crushed consumer sentiment. Peak debt, peak Dow, peak inequality.

In the midst of the stock market reaching record levels the Federal Reserve has increased its balance sheet to well over $3.2 trillion.  The Fed continues to be the primary buyer of mortgage backed securities.  This strategy has caused a flood of easy money from big banks into residential real estate as funds start chasing […]

Mar 21 2013

Who’s afraid of a little bit of inflation? How low interest rates hide the real price of housing, college tuition, and cars.

Inflation is like the proverbial story of a frog in hot water.  Drop a frog in boiling water, it jumps right out.  Drop a frog in regular water but slowly raise the heat, and it will slowly boil into oblivion.  Inflation has a subtle way of destroying purchasing power.  Unless incomes are rising, which they […]

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Mar 18 2013

The long slog ahead for jobs: We are 9.45 million jobs short of where we should be and are unlikely to reach normal levels of employment before 2019.

Employment is the most important indicator of a healthy economy.  The recession has left a deep scar and has set us back into a lost decade.  Primarily for this reason many Americans are having a hard time jumping on this recovery that officially will reach a four year anniversary this summer.  The long term projections […]

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