Why millions of Americans will never retire: How the prospect of retirement went from a realistic goal to an outrageous dream for most American families.
Retirement was presented to many Americans as some kind of middle class rite of passage. It was odd to see so many fall under the spell of easy riches and generous retirement math presented to the public from the Wall Street financing machine. Many saw retirement as a distant object so far into the future […]
Is the stock market overvalued by 50 percent? PE ratios out of sync with fundamentals underlying the economy. Not in labor force group in US increased by 15 percent since recession ended.
How quickly people forget financial history. Those investing in the stock market since 2009 have grown accustomed to a market that only moves in one direction. They are also addicted to a system built off crony financial leverage that has largely locked out the vast majority of the public. This system has created wealth inequality […]
The acceleration of a global Gilded Age: Half of the world’s wealth now owned by one percent of the population. Bottom half of world population own the same as the richest 85 people in the world.
Wealth inequality across the globe has reached epic proportions. While many bankers roll around in piles of digital million dollar bonuses for basically adding no value to the economy, the rest of the world struggles to enter this modern economic era. The perception is that this is only happening across the world in other nations. […]
The biggest export from America? The middle class. The tradeoff for cheap goods and financial cronyism is coming back in a big way.
There is always a tradeoff in economics. The adage about a free lunch comes to mind to the rise of low wage capitalism in America. It is a complicated web driven by financial cronyism and a system largely driven by ignoring the plight of the working class. The story of US manufacturing is probably one […]
When a dollar store is too expensive: Growing class of poor Americans unable to afford items at dollar stores.
You know things are tough when people face a challenge purchasing goods at dollar stores. The dollar store economy has been robust for the last decade as the US economy has shed the weight of millions of middle class families. As more people move down the economic ladder, these stores hit a critical niche. I […]
Low wage capitalism with a dab of cronyism: Of job sectors with the highest growing raw number of positions 9 out of 10 will pay $35,000 a year or less with little to non-existent benefits.
There was a big miss with the latest employment report. The addition of 74,000 jobs produced the weakest employment report going back to January of 2011. Yet part of this is not a surprise given the weak retail sales over the holidays at the expense of cash strapped American consumers. If you dig deep into […]
Say hello to my little friend, inflation: Shrinking packages, higher tuition, rising healthcare costs, real estate values jumping all the while household incomes remain stagnant.
Only those deep in denial think that inflation is not occurring in the economy. You only need to look back 10 years to see how nutty things have become. Is the price of a car more or less than it was 10 years ago? How about the price of tuition? Real estate? Healthcare? Inflation is […]