Oct 27 2017

The secret to the current recovery is that American households are up to their eyeballs in debt once again!  Consumer credit hits a record $3.7 trillion.

Do you notice more credit card offers hitting your mailbox?  Are you noticing more “easy financing” for purchasing a new car?  Welcome to the new recovery where spending is being fueled by consumer credit.  Once again people are spending beyond their means.  In an economy driven by consumption you need to keep people spending and […]

Oct 10 2017

5 charts highlighting the epic housing crisis for Millennials – one third of young adults living at home with parents.

Millennials are starting to realize that living at home may be a longer-term proposition.  Moving back home is being motivated by heavy levels of student debt and jobs that simply pay a lower wage.  These trends run directly into the current reality that rental prices are soaring and home values are once again near peak […]

Sep 24 2017

Comparing the cost of living between 1975 and 2017:  Inflation continues to eat away at purchasing power in housing and other big ticket items.

For the most part people widely misunderstand inflation.  It is a complicated topic.  If you ask the man and woman on the street they would respond that inflation is the price of goods going up.  This is true in some respect but what people see is merely the outcome of larger forces at work like […]

Sep 10 2017

As the debt bubble grows:  US Gross National Debt to Spike by 800 Billion Dollars in October.

It is rather clear that we are spending beyond our means like a young college graduate with their first paycheck.  Consumer debt continues to spin wildly out of control and the government continues to spend money that it does not have.  This works until it doesn’t.  Of course the usual debt ceiling slash political charade […]

Aug 30 2017

Living paycheck to paycheck is the way of life:  New Harris poll finds that 78 percent of US workers live paycheck to paycheck.

For most Americans, living for payday is the way of life.  And many use debt to bridge the gap between money hitting their bank account and the bills that need to be paid.  We know since many banks make billions of dollars on people over drafting accounts.  A new Harris Poll found that 78 percent […]

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