Aug 17 2012

Healthcare jobs expand servicing many older Americans with little to no savings – Since the recession started top employment fields related to healthcare. Over 10 million Americans no longer in the labor force.

Get used to sluggish growth.  Although the political season is in full force and every candidate is promising you unicorns and roads to utopia if you vote for them, the reality is we have some built in challenges that neither party can easily fix.  The unemployment rate has trickled lower thanks to lower wage jobs […]

Aug 14 2012

Welcome to the land of the poor and rich – Trading the middle class for economic extremes.

The extremes in the US have gotten more pronounced in this economic crisis.  It is hard to imagine a country where 46 million people are living with the assistance of food stamps while 6 of the 400 top income earners pay no federal tax.  I’m sure that just like most Americans you pay your fair […]

Aug 10 2012

Long live the debt ceiling – approaching the fiscal cliff by spending $1 trillion more than is being taken in. A breakdown of government spending and revenues.

History does love to repeat itself especially when it comes to debt bubbles.  At the rate the US government is burning through money, we are likely to breach the debt ceiling limit even before we enter 2013.  We’re about $400 billion away from the $16.39 trillion limit but considering we’ve already spent $700+ billion that […]

Aug 7 2012

US Dollar already went off a fiscal cliff – what does a falling dollar mean to US families? Masking de-leveraging via debt markets.

People tend to have a short-term memory when it comes to financial panics.  Even when told that the US dollar has lost over 90+ percent of its purchasing power since 1914 when the Federal Reserve was first established, many just assume this is normal.  Inflation is as common as air.  Today’s purchasing power of one […]

Aug 5 2012

The other side of persistently high unemployment – Underemployment rate shoots up to 15 percent but is actually more problematic because of the civilian employment-population ratio.

Spending time examining the employment report shows continuing trends that appear beyond the headline figures.  The number of Americans unemployed or marginally attached to the work-force increased to 15 percent and appears to be a new staple of our current workforce.  A key data point is the civilian employment-population ratio that shows a continuing drop.  […]

Aug 2 2012

A crushing blow to male earnings – From 1969 to 2009 male earnings have fallen by 28 percent. The slow decline of the American middle class.

The contraction of the US middle class continues to roll along.  There are major generational rifts that are hitting the economy.  For example between 1960 and 2009 the number of men working fulltime has fallen from 83 percent to 66 percent.  A large number of people are categorized under “not making formal wages” and this […]

Jul 31 2012

The engineering of bigger financial bubbles – corporate profits as a percent of GDP at record levels while unemployment is historically high and record number of Americans on transfer payments. Paying interest on excess reserves to banks for our own bailout funds.

The market is perched on the edge of a chair looking out for what the Federal Reserve and European Central Bank have to say.  The almighty Oz is the only game in town.  With the Fed, the expectation is of some sort of additional quantitative easing to prime the economy once again whereas the market […]

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