Jan 10 2016

The rise of the part-time and disposable employment army: Record number of people now employed in transient labor positions while good paying jobs remain stuck in the mud.

The headline employment numbers present a glamorous picture of the economy but one that is not based on reality.  After all, you have over 94 million Americans not in the labor force and this growing army of people is helping to keep the unemployment rate low.  And for a growing number of Americans those in […]

Jan 7 2016

Americans are about to get poorer in 2016 as the wealth effect reverses: 63 percent of Americans have no emergency savings.

The year is off to a tumultuous start.  Markets around the globe are quickly realizing that hot money is going to hit a wall at some point.  Many Americans are coming to the stark realization that the recession that ended in 2009 never really ended for the middle class.  In fact, it might have been […]

Jan 2 2016

New Year begins with record number of men not in the labor force: Those not in the labor force increased by 1.9 million last year while the labor force increased by only 1.1 million.

The New Year begins with a record number of men not in the labor force.  Those “not in the labor force” remains at a record level and this cannot be explained away simply by shifting demographics.  Demographics alone is a convenient explanation for this large number but unfortunately only explains part of the large number […]

Dec 26 2015

The death of the American pension: Shifting the retirement burden from employers to workers has created an enormous financial crisis.

The American pension offered once by many companies was a benefit once afforded to most workers.  That is, until the press started chanting the Wall Street party line and all of a sudden 401ks and mutual funds were all the rage.  Who wants a tiny pension when you can become a millionaire by simply saving […]

Dec 20 2015

A recession is imminent: 5 charts signaling an oncoming recession. The market is overheated with debt and the public is anxious about the economy.

A recession is imminent and millions of Americans already live in an economy that feels like it never left the Great Recession.  Low paying jobs seem to dominate this weak recovery.  Younger Americans are realizing that they may not have it as good as the baby boomer generation where good paying jobs were plentiful and […]

Dec 15 2015

How inflation is purposely underreported as a justification to maintain low interest rates: Two specific examples with housing and college tuition.

Inflation is largely misunderstood by the public at large.  People for the most part think that inflation is the natural economic order and that prices go up naturally.  Official inflation figures play a much bigger role influencing cost-of-living adjustments for things like Social Security but also serve as cover to maintain low interest rates.  The […]

Dec 11 2015

The Middle Class in America has just become a minority: For the first time in over 50 years low-income and high-income Americans outnumber the middle class.

It was only a matter of time but we can now officially say that the middle class in America has reached minority status designation.  Recent figures show that there are more low-income and high-income Americans versus those in the middle class.  Most of the growth has been fueled by the trend in adding low wage […]

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