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 […]
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 […]
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 […]
You are being lied to about inflation. Latest CPI figures show nearly no inflation over the past year. Yet housing, tuition, and healthcare costs continue to soar.
Inflation. Few people think about inflation but simply accept the reality that prices will go up. However prices going up has a deeper economic reason than simply momentum. Inflation is notorious at destroying your standard of living. Our current financial system is now setup in a way to punish savers. Most banks are offering near […]
Non-working America soars by 640,000 in one month to new record of 93.6 million. Not in the labor force Americans up 11 million since 2010.
It is hard to believe that one out of every three Americans is financially supporting the other two-thirds. The unemployment rate appears much lower than it is because of the odd math behind the labor force. The latest unemployment rate of 5.3 percent sounds great until you realize that last month 640,000 Americans were plopped […]
Top 4 employment sectors in the United States pay $10 an hour or less: The uneven recovery being led by low wage labor.
It is hard to believe but we are now “officially” six years into this recovery. For most Americans, it doesn’t feel anything like a recovery and that label appears to be a misnomer. Americans need only look at their paychecks and the cost of living to realize that yes, things are getting tougher. There appears […]
Is the Chinese stock market bubble finally bursting? Shanghai composite and Shenzhen composite down 7.4 and 7.9 percent respectively in one day.
The Chinese stock market has been one of the hottest tickets lately. The US stock markets might seem overvalued but in comparison to China with relatively new financial checks and balances, the US looks like a conservative old timer. Stocks in China are already deep into ridiculous pricing territory. You have an army of uneducated […]