Jun 14 2013

The financially forgotten generation: Economically raising the Millennials in a debt strapped financial world. Over half of Millennials have no savings.

Millennials, those roughly 18 to 34 years of age are growing up in the financial shadow of their baby boomer parents.  This group of Americans is more diverse in what they perceive to be a good quality life.  They prefer to live close to work and shopping, they are not big on suburbs, and many […]

Jun 11 2013

A wing and a prayer retirement plan: Two-thirds of Americans are not saving enough for retirement. Income inequality at record levels in the US.

It is interesting to see what passes for financial journalism in the press.  This morning a guest was on one of the major news stations and she was mentioning that Americans need to save $1 million or more to retire comfortably.  In the next sentence, she mentioned that two-thirds of Americans don’t even save enough […]

Jun 9 2013

The return of irrational exuberance to Las Vegas: The growing worries of another Las Vegas housing bubble.

It is rather clear that large institutional investors are diving into investment real estate once again.  This time these investors are supplanting individuals but are targeting very familiar markets in Arizona, Nevada, and Florida.  One of those markets is Las Vegas.  Las Vegas had one of the most spectacular real estate bubbles that we have […]

Jun 6 2013

Bread, butter, and food stamp economy: Is the US developing a permanent under-class of citizens economically?

The American economy has developed a deep disconnect between its financial markets and the working and middle class.  The stock market has soared by 138 percent from the low reached in 2009.  Yet very little of this has trickled down to the majority of Americans.  In fact, most Americans actually saw little to negative growth […]

Jun 3 2013

Rationalizing and pushing the debt limit: The academic battle to open the gates on unlimited digital debt monetization.

One of the recent cases for the never ending expansion of debt purchases via central banks is the case of the Bank of Japan.  The BoJ has essentially gone into hyper-drive with their version of quantitative easing by going straight into the Nikkei.  The case seemed simple: the European Union mired in austerity measures has […]

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