Feb 11 2014

The global debt reckoning – Total global debt at $230 trillion. Total world debt over 300 percent annual GDP. There is no escape from a reckoning with debt markets.

Total global debt crossed a troubling event horizon by going past the $200 trillion mark last year.  Given the latest figures we are likely well above a total global debt of $230 trillion based on a comprehensive study done by ING last year.  The banking sector rummages for every possible way of accessing debt.  Global […]

Feb 8 2014

The shackles of consumer credit in a low rate environment – Banks would rather leverage low rates from the Fed than lend money to cash strapped American households. 15 percent average rate on credit cards and typical savings account rate near 0 percent.

In a world where debt equals the ability to purchase large items, access to debt is king.  For this reason banks are the new modern day oligarchy since they have a nearly unlimited line of credit with the Federal Reserve.  The public during the credit bubble days had access to nearly unlimited debt via mortgages, […]

Feb 5 2014

How crony capitalism is harming the economic prosperity of young Americans: College tuition up 1,140 percent since 1978 and wages are stagnant.

When you live life as a hammer, everything must appear like a nail.  So when our economy is run and operated by the financial industry, everything must appear like a casino just asking for it in terms of speculation.  Such is the state of affairs in a crony capitalistic system.  The term gets thrown around […]

Feb 2 2014

The EBT recovery – Food stamp cuts impact Wal-Mart: The consequences of a low wage recovery create a larger group of Americans living food stamp to food stamp.

This recovery is the most lopsided recovery the US has faced in more than a generation.  Wal-Mart recently announced a big hit to their bottom-line because of the recent cuts to the nationwide food stamp program.  Over 47 million Americans now depend on food stamps to get by on a monthly basis to feed their […]

Jan 28 2014

Why millions of Americans will never retire: How the prospect of retirement went from a realistic goal to an outrageous dream for most American families.

Retirement was presented to many Americans as some kind of middle class rite of passage.  It was odd to see so many fall under the spell of easy riches and generous retirement math presented to the public from the Wall Street financing machine.  Many saw retirement as a distant object so far into the future […]

Jan 26 2014

Is the stock market overvalued by 50 percent? PE ratios out of sync with fundamentals underlying the economy. Not in labor force group in US increased by 15 percent since recession ended.

How quickly people forget financial history.  Those investing in the stock market since 2009 have grown accustomed to a market that only moves in one direction.  They are also addicted to a system built off crony financial leverage that has largely locked out the vast majority of the public.  This system has created wealth inequality […]

Jan 23 2014

The acceleration of a global Gilded Age: Half of the world’s wealth now owned by one percent of the population. Bottom half of world population own the same as the richest 85 people in the world.

Wealth inequality across the globe has reached epic proportions.  While many bankers roll around in piles of digital million dollar bonuses for basically adding no value to the economy, the rest of the world struggles to enter this modern economic era.  The perception is that this is only happening across the world in other nations.  […]

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