Jun 13 2014

The economic war on the young: young Americans are being priced out of the housing market, pushed into student debt, and many see no growth in wealth.

The job market continues to be depressed for young Americans. As graduation season comes to an end, many are going to start getting letters in the mail from their friendly student debt service organization. Other recent graduates continue to live at home facing a failure to launch as rents rise and the prospect of home […]

Jun 10 2014

Temporarily embarrassed millionaire Americans go back into credit card debt: Credit card debt begins to tick up as tapped out Americans re-leverage once again. Average household has $7,000 in credit card debt.

It is hard to believe that a large part of the nation has already forgotten the Great Recession. A crisis created by too much debt and the financialization of global markets is now once again unleashing high levels of debt to keep consumption going. This makes sense given that 1 out of 4 working Americans […]

Jun 7 2014

The slow process of turning the US into a low wage McJobs nation: US breaks even with jobs lost since 2007, those not in the labor force jumps nearly 13 million, and 1 out of 4 is working for $10 an hour or less.

The US is slowly becoming a McJob nation. While the press jumps up and down that the US is now finally at a breakeven point from the jobs lost since the recession started in 2007, they fail to mention that those not in the labor force is up by nearly 13 million. Even looking into […]

Jun 4 2014

Central banks and a global soft default: Current interest payments on public debt now exceed $415 billion per year. In 2000 $1 trillion in Fed debt was held by foreigners while today it is up to $6 trillion.

Global central banks are fully addicted to the opiate of debt. The financial system has created a rentier class that chases investment yield even when the economy isn’t necessarily growing. Think about that for a second. Why should someone expect a guaranteed return at any point in an economic cycle if the real economy is […]

Jun 2 2014

Stock market flashing red at an overvaluation of 68 percent: Looking at Crestmont, Cyclical, Q Ratio, and S&P Regression all suggest market is in for an upcoming correction.

The stock market continues to make record highs even though profits do not warrant current valuations. Looking at four standard valuation models we find that the stock market is highly overvalued relative to earnings. For most Americans with little stock ownership, this is merely a sideshow as to what is unfolding in the real economy. […]

May 31 2014

Nonworking America: Those not in the labor force up by 12,000,000 since recession ended, a growth rate of 15 percent while the overall population is up 4 percent.

After World War II the U.S. saw the birth of the biggest middle class the world has ever come to know. The birth of the baby boomers and prosperity for all seemed to be the new norm. Of course, part of this was brought on by the fact that Europe, Japan, and China were in […]

May 28 2014

You are too broke to own a home in America! The typical American household making $50,000 a year cannot afford to purchase the typical $200,000 median priced home without straining their budget.

People continue to scratch their heads as to why regular home buyers in America are unable to enter the housing market. Prices are up but this is mostly because of investor money that is obsessed with chasing yield in a low yield environment orchestrated by the Federal Reserve. The reason home sales figures continue to […]

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