Nov 26 2013

The frightening lack of accounting transparency in the student loan market: New York Fed has student loan debt at $1.027 trillion while Fed Board of Governors in Washington has it at $1.214 trillion.

You see what you want to see.  This is the current state of the financial markets.  When a handful of observers were warning the Fed and multiple government agencies about the subprime crisis floating in the market, hardly anyone wanted to listen.  This is the same kind of accounting trickery that is now pervasive in […]

Nov 22 2013

The new American retirement nightmare: Many Americans find they are completely unprepared for retirement.

Starting in late 2010, we reached a threshold where baby boomers were reaching the age of 65 at a rate of 10,000 per day.  This will last into 2030.  What was once thought of as a retirement age is no longer the case.  The body has not evolved to adapt to financial circumstances but people […]

Nov 19 2013

The Red Queen’s race and the real winners from Quantitative Easing: Celebrating the five year anniversary of redistributing wealth to the top.

The Federal Reserve is celebrating its 5 year anniversary of Quantitative Easing.  As the stock market reaches record highs, it is useful to examine the real winners from QE.  Luxury good purchases have done extremely well during this period as income inequality in the nation has reached levels last seen during the Gilded Age.  Yet […]

Nov 14 2013

The froth before another stock market crisis: Stock market is overvalued by 27 percent based on historical price to earnings ratio.

The stock market has once again become an overvalued casino where only the large financial players can use massive leverage to enjoy short-term rewards.  Even looking at historical price-to-earnings (PE) ratios we find that stocks are dramatically overpriced.  Yet the stock market is a sham for most Americans.  In fact 53 percent of Americans don’t […]

Nov 11 2013

The two-income trap for Americans: How dual income households are a financial necessity in a time when the median per capita wage is $27,000.

Recent Social Security data released this month revealed that income disparity is only growing in the United States.  The released figures show that the median per capita wage in the US is $27,519.  Given the costs for college, healthcare, and housing many households are simply falling out of the middle class.  The two income household […]

Nov 8 2013

The booming non-labor force in the United States: Those not in the labor force surged by nearly 1,000,000. A large portion of added jobs were in low wage sectors.

Any job is a good job for the headlines.  While one part of the BLS survey showed that US payrolls increased by 200,000 last month, another survey finds that nearly 1,000,000 Americans dropped out of the labor force.  That is right, a stunning 932,000 Americans simply dropped out of the labor force last month bringing […]

Nov 5 2013

Arrested economic development: 36 percent of Millennials living at home delaying financial adulthood. Less than one-third of Millennials employed.

Young Americans are living at home in record numbers.  Millennials are living at home for much longer because of the poor economic conditions for the young.  Think about the perfect storm of financial pain for young Americans. College costs are astronomical and many are going into massive debt to pursue a college education.  If not, […]

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