Jun 11 2012

How to lose 40 percent of your net worth in 3 years – Americans see their net worth collapse during the recession. Federal Reserve survey highlights a case of austerity for the masses and social welfare for the politically connected.

Working and middle class families already feel the burden of a more limited financial middle in our economy.  What was once taken for granted such as affordable quality college education, homes with moderate mortgages, and healthcare costs that didn’t put families on the verge of bankruptcy are now largely harder to come by.  The Federal […]

Jun 8 2012

The banking shell game sponsored by your bailout dollars – how banks lure working and middle class Americans into losing hard earned money. $29.5 billion in overdraft fees charged last year.

Banks really have a wonderful structure in place at least when it comes to US banking.  The Federal Reserve and US Treasury have given an open ended response in terms of bailing out the banking system should any additional financial crisis should arise.  Even at the moment no real changes have occurred and this is […]

Jun 6 2012

The dark financial clouds engulfing Europe. CBO projects massive deficits yet Treasury Bills move lower on global mattress bet.

The Congressional Budget Office released national debt projections showing the US Federal debt will surge to over 200 percent of GDP in the next two decades.  Or maybe it will go under 100 percent.  It is an interesting wide range projection.  You only have a few options to remedy the situation and for the moment […]

Jun 3 2012

The day the credit markets awake from a slumber – $1 trillion in consumer debt currently delinquent. Student debt continues to grow adding fuel to the higher education bubble.

With much of the attention being diverted to the cascading financial crisis in Europe something was missed in the United States.  The incredibly important quarterly consumer credit report released by the Federal Reserve highlighted some disturbing trends.  The first overall point is that the American consumer continues to deleverage.  Yet with a system built on […]

May 31 2012

The end game of global leveraged debt – double-digit percentage point market declines in Europe and Japan and the danger of refinancing debt with longer term debt.

There is a painful realization that shifting debt around like a game of musical chairs has little merit unless real production is achieved as an end result.  May was a disappointing month for markets in general.  While the S&P 500 certainly fell, markets in Japan and Europe took double-digit declines.  The massive amount of leverage […]

May 28 2012

Saying goodbye to the middle class concept of retirement – many workers plan to work up until they are 80 well beyond the typical life expectancy of Americans. How long will $25,000 last in retirement?

The romantic concept of being able to retire on a sunny beach with endless drinks is a modern notion largely pushed by mainstream advertising.  It is hard for many middle class Americans to imagine a world where retirement is a luxury for the very few.  However that is the path we are now following.  The […]

May 24 2012

Educated and unemployed – majority of unemployed Americans attended some college. Top degrees in fields with little employment demand.

The higher education bubble is racing along to a tipping point especially when the value of a college education is now being questioned on multiple fronts.  One of the more prominent arguments being thrown around is the return on investment or value of a college degree especially when the costs of attending a private institution […]

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