Oct 11 2014

The stock market is finally recognizing severe global volatility: Stock market has worst performance in two years.

Volatility in the market came roaring back this week.  Stocks had their worst weekly performance in two years.  It was hard to understand given the interconnected nature of the markets how little of an impact was being had in US stocks when global markets and governments are facing dramatic challenges.  The markets are slowly coming […]

Oct 7 2014

The new subprime is in auto loans: One third of all new auto loans are of the subprime variety. Repossession are up 70 percent.

Leave it to Wall Street to resurrect the subprime loan. This time, subprime has found a comfortable home in the automotive industry. In the car addicted US culture, subprime debt is back in a massive way. Subprime auto debt is the new risky debt product. This is a big deal. $924 billion in total auto […]

Oct 5 2014

Those not in the labor force but looking for a job now rose last month: The funny numbers behind the unemployment rate.

Those “not in the labor force” Americans continues to expand while the headline unemployment rate continues to decline.  Some pundits will try to argue that this number does not accurately portray those looking for work.  Well how about a category called “not in the labor force, want a job now” for categorizing those looking for […]

Oct 2 2014

Inflation over 270 years: It is hard to feel the tornado of price erosion when you are standing in the eye of the financial storm.

People tend to be creatures of habits. It always intrigues me how most of the people I speak with seem to already assume that prices will always go up. It is the default life position. They know the sun will rise, grass will typically be green, and prices over time will go up. While some […]

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