Apr 2 2011

The financial elixir that is falling home prices – Lower home prices good for the economy – Median U.S. home price down to $157,000 taking up 3 times the annual household income instead of the bubble peak of 5. Adding jobs while home prices move lower? Banks big winners when home prices remain inflated.

It is interesting that in the short-term horizon of our economy falling home prices are occurring while jobs are being added.  The banking sector during the early days of the crisis made it abundantly clear that falling home prices would lead to economic collapse.  Yet the opposite is occurring. Why?  First, inflated home prices eat […]

Mar 31 2011

Federal Reserve punishes savers by subsidizing big banking bailouts – Two largest U.S. banks offer a paltry 0.05 annual percentage rate while increasing service fee charges and upping loan interest rates. S&P 500 not cheap.

The challenge most Americans are facing is first, trying to save money.  If that hurdle is accomplished the next tougher question becomes where the money should be placed.  The Federal Reserve by default with a negative interest rate policy has punished savers at the expense of massive debtors.  The Fed for many decades since the […]

Mar 29 2011

Federal Reserve silently grows balance sheet to approximately $2.75 trillion by a shadow bailout of residential real estate and commercial real estate. The continuing hidden CRE bailout imperils future economic growth.

The biggest silent financial bailout going on in the nation revolves around commercial real estate.  Commercial real estate (CRE) values have plummeted $3 trillion from their peak in 2008.  While residential real estate values peaked in 2006 CRE waited two more years before moving lower.  The two year lagged occurred because many banks, especially local […]

Mar 27 2011

China’s ghost cities and shopping malls – 14 million empty housing units in the U.S. while China may have up to 64 million empty apartments. GDP is only as good as the quality behind the financial numbers. China real estate bubble.

The Census released data showing that 14 million housing units in the U.S. are categorized as being vacant.  As startling as this figure appears on the surface, China has an estimated 64 million empty apartment units.  As we enter a perpetual cycle of global financial bubbles, the largest ongoing bubble in the world at the […]

Mar 24 2011

The financial scam of the century – In 2010 we added 600,000 millionaires while 5,000,000 people were added to the food stamp program. Wealthy derive profits from stocks while middle class hold most of their net worth in housing.

Part of the discontent roaming across America is that the economic recovery is targeted to a small portion of the population.  This part of the population controls most of the mainstream media channels so the working and middle class are wondering why isn’t the fact that food, college, health care, or many other day to […]

Mar 21 2011

Federal Reserve and the opaque banking syndicate – If the economy were booming why does the Fed still hold over $2.5 trillion in securities? $640 billion current fiscal year budget deficit.

The Federal Reserve is one giant black box of financial mysticism in our economy.  At least that is what the Fed wants the public to think so it can remain shrouded in mystery.  Since the crisis slammed our economy and the bailouts started in mass, calls for greater Federal Reserve transparency have been echoed in […]

Mar 18 2011

Austerity nation – 45 million Americans on food assistance programs. Americans shopping at discount dollar stores confronting the realities of a shrinking dollar and disappearing middle class.

From November to December of 2010 487,000 Americans were added to the food stamp program.  Keep in mind this all occurred while the stock market continued to soar and has rallied nearly 100 percent from the lows reached in March of 2009.  Working and middle class Americans barely have enough to pay for the monthly […]

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