Dec 10 2013

Sheltered banks do not trust broke American public: Too big to fail securely in place while business inventories surge to record levels.

Tracking consumer spending we find that industries subsidized by easy debt are growing at dramatic levels.  These include student debt and auto loans since most Americans simply do not have enough saved up.  Many have nothing to their name.  The student debt market has grown dramatically this year again largely due to the reality that […]

Dec 6 2013

Depreciating cars and expensive diplomas fueled by easy debt: 95 percent of consumer debt growth in past 12 months from cars and student loans.

New data from the Federal Reserve continues to highlight a reemergence of debt based consumer spending.  Americans are largely buying stuff they can’t afford with money they don’t have.  The Fed’s consumer credit report highlights a troubling trend.  Over the last 12 months 95 percent of all consumer debt growth has come from people buying […]

Dec 3 2013

Top 10 percent of US households control nearly 75 percent of all wealth – Average Americans pretend to be temporarily embarrassed millionaires by going further into debt.

We currently exist in a land of financial contradictions.  US household incomes adjusting for inflation are back to levels last seen in the late 1980s.  However, holiday spending is going strongly largely by people going into big debt.  Many are going to be paying for the holiday season of 2013 deep into years to come.  […]

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