Mar 4 2014

The death of retail: What do RadioShack and J.C. Penney say about the future consumer economy? Low wage retail work to take a hit.

RadioShack recently announced that it will be closing 1,100 of its 5,000 stores.  Holiday sales were dismal and shares were pummeled dropping by 24 percent.  The problem of course is that these 1,100 store closures will result in many Americans out of jobs in one of the biggest employment sectors in the country, retail.  Yet […]

Feb 28 2014

Household debt first increase in 4 years largely driven by massive increases in student debt. Auto loans showed increase volume in sub-prime loans.

In a recent post we discussed how personal income growth is having tough go at the current economy.  However, with incomes largely stuck in the quicksand of a mediocre economy for the working class, we see that the elixir of spending is back at the table again.  Debt spending is making up for the lack […]

Feb 25 2014

Personal income faces first year-over-year drop since recession ended: As incomes collapse, spending via consumer credit begins to increase.

There is little doubt that our economy runs on access to debt.  Not a tiny bit of debt.  But Himalayan mountains of debt.  The banking crisis was pitched to the public as one of liquidity but in reality, it was one of solvency.  The difference?  One is a temporary inability to repay debts while the […]

Feb 22 2014

Comparing the inflated cost of living today from 1950 to 2014: How declining purchasing power has hurt the middle class since 1950.

Inflation has a subtle eroding effect that impacts entire economies.  In the United States, we have been fortunate to have relatively stable rates of inflation for two generations.  Even in times of high inflation like the 1970s, people were able to adjust unlike places that experience uncontrolled inflation like Argentina is currently facing.  Also, wages […]

Feb 19 2014

Why the stock market is a sham for regular investors – Based on historical price to earnings ratios the stock market is overvalued by fifty percent. Only half of Americans own any stocks.

The stock market is largely seen as a barometer of economic health to the US economy.  Turn on any business program and they report market prices as if reporting on it being a sunny or cloudy day.  The financial markets are fully juiced on our current debt based system.  Unfortunately it is taking more debt […]

Feb 15 2014

When the housing market is owned by Fed banks: Federal Reserve went from holding zero in mortgage-backed securities to over $1.5 trillion.

There are significant consequences with the Fed continuing on course with Quantitative Easing.  On paper, it may seem that all is fine on the home front.  However, many regular Americans are finding it harder to purchase a home in spite of a low interest rate environment.  The Fed has created perverse incentives where big banks […]

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Feb 11 2014

The global debt reckoning – Total global debt at $230 trillion. Total world debt over 300 percent annual GDP. There is no escape from a reckoning with debt markets.

Total global debt crossed a troubling event horizon by going past the $200 trillion mark last year.  Given the latest figures we are likely well above a total global debt of $230 trillion based on a comprehensive study done by ING last year.  The banking sector rummages for every possible way of accessing debt.  Global […]

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