May 26 2013

Americans are slowly creeping back to their non-saving and debt based spending ways: Drop in the savings rate and shift in type of debts being taken.

The personal saving rate in the United States is on a multi-decade decline.  Part of this has to do with Americans putting their money into alternative savings vehicles like 401ks and IRAs but a large part of this has to do with Americans simply not saving.  Roughly one-third of US households have no savings to […]

May 23 2013

Why do people feel poor even though the stock market is at a record high? The process of inflating asset bubbles and transferring wealth to targeted groups. S&P 500 up 145 percent from 2009 low.

The stock market provides a beautiful scent of success although most Americans will only catch a whiff of that aroma.  The S&P 500 is now up 145 percent from the gloomy low reached in 2009.  Even though this unrelenting trend upwards has added wealth to a few, the majority of Americans are still seeing the […]

TAGS: , ,
May 20 2013

Spend or be financially doomed: Idolizing the gods of consumption and stoking the fires of debt based speculation. Has the Fed crossed the line of no return?

The Federal Reserve has created the perfect environment where savers are chastised and debt based spending is glorified.  Our economic engine is powered by the fires of consumption.  This has been true for many decades.  What is different about our current space in time is the punishment savers are taking.  Many banks through savings or […]

May 17 2013

The facts behind the mountain of student debt: 13 percent of students owe more than $50,000 and nearly 4 percent owe more than $100,000. Student debt grew by 284 percent from 2004 to 2013.

Many Americans view a college education as a way to build a better life.  College is seen as an avenue for better prosperity and the ability to pull yourself up beyond your current circumstances.  In fact, after World War II programs like the G.I. Bill allowed many Americans the opportunity to pursue a college degree.  […]

May 13 2013

Federal Reserve ZIRP has essentially destroyed household income growth: Households headed by those 45 to 54 see their real household income growth drop by 16 percent from 1999.

The Federal Reserve has pursued a zero interest rate policy as a mechanism for pulling the US out of the financial crisis.  Interestingly enough low rates and heavy speculation were part of the cocktail that led us into the crisis in the first place.  Ben Bernanke recently mentioned a bit of concern that speculation is […]

May 11 2013

What does it mean to be retired in the United States? The age of disappearing pensions, dependence on Social Security, and stock market speculation.

A few days ago the stock market experienced a mini panic as someone hacked a reputable news source Twitter account and posted a sensational headline.  The markets quickly reacted to this news.  What was troubling is many algorithm-based trading systems are setup to scour internet information for these kinds of dramatic changes.  Many of the […]

May 9 2013

Feeling rich through debt: Modern banking has replaced real economic prosperity with massive levels of debt. Housing affordability reaches multi-decade highs while household incomes retreat to 1990s levels.

One of the biggest headlines right now is how the housing market is pulling the entire market up.  Housing prices are soaring while the stock market is making record highs.  Yet a large portion of the housing run-up is being caused by easy money that has been created by the Federal Reserve.  Banks are out-bidding […]

Page 20 of 118« First...10...1819202122...304050...Last »

Enter your email address to receive updates from My Budget 360:

100% Private & Spam Free.


Categories



wordpress stats