Apr 23 2017

The epic retirement crisis for older Americans: The median family of retirement age has $12,000 in savings.

Given the discussion of 401ks and IRAs you would think that most Americans have a nice nest egg ready to support them into their margarita drinking days on the beach.  Yet like most dreams, the reality is very different.  Most Americans are broke.  The Economist put out some data highlighting that the median family of […]

Apr 16 2017

The Great Retail Apocalypse: Americans spend more at bars and restaurants than at grocery stores.

The list of retail bankruptcies continues to grow in 2017.  The list includes J.C. Penney, Sears, RadioShack, and just recently Payless.  Of course there is massive growth in dollar stores as Americans are pinched for cash.  There has been a retail apocalypse and part of this has to do with the ridiculous amount of mall […]

Apr 9 2017

Miami condo market acting as if it is 2007: Condo market in Miami is saturated with units and inventory is growing.

There is a major leading indicator in the housing market and that involves inventory and sales.  These two economic points can signal trouble ahead.  And we saw this trend unfold in the last housing crisis when over euphoric builders chased bubbles across the country.  The sad part is that most Americans are too broke to […]

Apr 2 2017

Baby boom or bust: Retirement withdrawals now exceed contributions. Since 2008 US public debt up by $10 trillion, nearly the same as the Russell 3000 Index.

You knew it was only a matter of time before baby boomers started taking out their money from retirement accounts in mass.  If you think boomers were rebalancing every year carefully, think again.  We have now crossed an interesting threshold where retirement withdrawals exceed contributions.  Part of this has to do with a younger and […]

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