Nov 12 2014

The modern day Gilded Age of wealth: Top 0.1 percent now have more wealth than bottom 90 percent.

Wealth inequality is an extremely touchy subject. The main catalyst for “change” in the recent election had to do with most Americans being dissatisfied with the economy. But how can people be unhappy if the stock market is at a peak and housing values are going up? The reason for this is that most Americans […]

Nov 9 2014

Low wage jobs dominate as waiters and bartenders will soon outnumber manufacturing jobs: Latest jobs report highlights continuing trend in low wage employment.

The trend to low wage employment continues as the latest jobs report shows that wages are being eroded by inflation. Of course, the public is told that inflation is muted but simply looking at your paycheck versus housing costs, healthcare costs, and food would tell you a different story.  Americans went to vote with economic […]

Nov 4 2014

The government is already in a soft default and is addicted to low interest rates: Government expenses at $3.87 trillion while receipts enter at $3.29 trillion.

The term default has varying definitions depending on whether you are an individual, a big bank, or the government. For you as an individual, default will occur when you are unable to pay your debts with the income you are generating. You are constrained by your income. As we saw with the housing crisis, when […]

Nov 2 2014

The oxymoron of the labor force when labor means not working: 92 million Americans are not in the labor force with 12 million of those being added only in the last 4 years.

This week we will be getting the employment numbers.  The unemployment rate is expected to stay steady or even drop which is comical given that we have 92 million Americans not working today and another 19 million that are fully unemployed.  Those not in the labor force continues to grow beyond the basic changes in […]

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