May 21 2017

The debt spending binge: Household debt has surpassed record levels reached during 2008 Great Recession.

Debt spending is once again keeping the economy afloat.  People are leveraging future income on buying items today on the basis that the economy is not going to have a hiccup.  On some reports you see pundits mentioning that delinquencies remain low.  Well things were fine too before the Great Recession hit.  Once again we […]

May 15 2017

Amazon is annihilating the Department Store faster than you think with 80 million prime subscribers: 4 charts showing the destruction of the department store.

If you enjoy the process of shopping at department stores you may want to get it out of your system sooner rather than later.  Forget about the fact that the US has built a ridiculous amount of mall space thinking that Americans were perpetually going to only buy in-person in cavernous florescent light stores.  Amazon […]

May 7 2017

Debt Apocalypse: US Student and Auto Loans Hit New Record of $2.6 Trillion.

American consumers are once again spending beyond their means.  Just a few months ago there was a startling headline reporting that US consumers now had over $1 trillion in credit card debt outstanding.  That seemed astonishing in itself but now looking at debt levels in other sectors we find that auto loans outstanding are also […]

May 2 2017

Canada Housing Bubble Pops and Looks Similar to US Housing Bubble: Canada’s Largest Alternative Mortgage Lender Crashes in Dramatic Fashion.

The Canadian housing market is now facing a crisis like moment as the United States did in 2007.  While the U.S. housing market did undergo a correction, the Canadian housing market just kept moving up.  Canada has one of the largest housing bubbles ever witnessed in North America.  People may recall that in the U.S. […]

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 […]

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