Feb 8 2013

The relentless punishment of the American saver. Fed policy has encouraged spendthrift attitude and yield seeking behavior from Americans.

The Federal Reserve has actively pursued a policy that punishes American savers.  The drive to push interest rates lower has inflated both the stock market and housing market once again.  Yet little of this gain has trickled down into household income for Americans.  The primary reason for this is that most Americans do not derive […]

Feb 4 2013

The United States of Debt Addiction: Our reliance on debt has created an entire economy fortified in the fires of moral hazard and fiscally dangerous leverage.

16 point 7 trillion dollars.  That is our current national debt.  12 point 8 trillion dollars.  That is the amount households carry in mortgage and consumer debt.  We are now addicted to debt to lubricate the wheels of our financial system.  There is nothing wrong with debt per se, but it is safe to say […]

Feb 2 2013

Young riding out recession by going into debt for college: Millennial unemployment jumps by two percent.

As the animal spirits of the economy rage wild, there are still difficult challenges ahead for younger Americans.  While the stock market is up highlighting corporate euphoria, many companies are doing this with 4 million fewer workers.  So the economic recovery is not evenly distributed and they rarely are.  Yet younger Americans are still facing […]

Jan 31 2013

Are we reaching a tipping point in the stock market? 4 million fewer jobs from peak but corporate profits at record levels. Consumer confidence dips yet stocks keep moving up.

As the Dow flirted with 14,000 and the S&P 500 hit 1,500 the typical American is losing their confidence and also reflects a stock market that diverges from the interests of the Americans worker.  Given that many of the S&P 500 companies earn a sizable portion of their profits abroad, it is hard to see […]

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Jan 29 2013

Inflation unchained: US dollar down 23 percent from 2000, Tuition up 72 percent, and home values up 44 percent. Incomes adjusting for inflation are back to 1990s levels.

It is hard to believe that people in the US are still denying the obvious impact of inflation.  The slow erosion of purchasing power has occurred for many decades now.  What people tend to forget in a completely fiat based system is that the Fed can print as much money as it likes.  And they […]

Jan 26 2013

Can you live in California on a $60,000 a year household income? Living the middle class lifestyle in California on $60,000 a year.

Can you live comfortably in California making $60,000 a year?  It really depends on what you define as comfortably.  We should note that the median household income in the US is $50,000 and in California it isn’t much higher.  California gets a notorious rap of being an expensive state but this is if the entire […]

Jan 24 2013

What does Detroit say about the working class in the US? City has lost over 25 percent of its population since 2000. People take scrap metal from old buildings to export to China.

One of the biggest examples of the US eroding its working class is through the example of Detroit.  The city of Detroit has lost a stunning 25 percent of its population between 2000 and 2010.  Poverty is rampant with 3 out of 5 kids living below the poverty line.  It is a startling revelation of […]

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