Jul 26 2015

Credit card debt makes up for lack of income growth: Credit card debt outstanding back up to $900 billion. Since 1980 household income up 300% while credit card debt up 1,760%.

The middle class started disappearing in earnest in the late 1970s.  Massive inflation started eating away at the standard of living for most Americans.  Yet much of this was covered up by access to debt.  Credit cards, creative mortgages, student loans, and auto debt all allowed Americans to continue acting as if prosperity was only […]

Jul 22 2015

The financial gouging of the American college student: Tuition is up 300 percent from 1990 and total outstanding student debt has grown by over 1 trillion dollars since 2000.

Inflation is such an insidious standard of living destroyer.  Little by little those dollars in your wallet get worth less and you suddenly find yourself needing to go into large levels of debt to purchase cornerstones of the American Dream.  Going to college has been the dream for many Americans after the G.I. Bill was […]

Jul 18 2015

Millennials that are thriving in this economy are those with links to rich parents: The vast majority of other Millennials are mired in debt and unable to purchase homes.

Most young Americans are still living in an economy that feels like it is in a recession.  Yet there are Millennials that are doing well and are thriving in this economy.  How are they escaping mountains of student debt?  How are they gaining access to down payments to purchase more expensive homes?  The short answer […]

Jul 14 2015

The oncoming disaster in public pensions: The $4 trillion retirement savings deficit and the bill of payouts for pensioners.

Americans have done a very poor job saving for retirement.  In many cases, families simply have very little left over each month to save after monthly expenses chomp away at their net take home pay.  Pensions used to be common.  In 1975 you had 88 percent of private sector workers and 98 percent of state […]

Jul 10 2015

China lost the equivalent of 14 Greeces over the last month: Why the actions of banning short selling and punishing the market taken by the Chinese government will backfire.

The market has been fixated on the actions of Greece, a country with 11 million people or the equivalent of Los Angeles County.  However, the bigger action is taking place in the gambling obsessed Chinese economy.  For those of you not following global news the Chinese stock markets, primarily the Shanghai Composite, Shenzhen, and Hang […]

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