Sep 24 2012

Deleveraging from one bubble to another – $6.2 trillion in mortgage debt was added between 2000 and 2008. Since the peak in 2008 $1.3 trillion in US household debt is gone but another bubble is brewing hidden under the rubble of the busted housing market.

There is some interesting data on the deleveraging that is occurring with the American household.  Since the peak in Q3 of 2008, US households have lowered their outstanding debt by $1.3 trillion.  It is important to understand how this deleveraging is occurring.  First of all, Americans are largely paying down existing debts much faster and […]

Sep 17 2012

100 million credit card accounts are gone since 2008 – Credit card balances decline by 22 percent since their 2008 peak.

Credit cards have been used as a lifeline and a way to live beyond one’s means in the United States for many years.  Yet the current environment of deleveraging is hitting credit cards hard.  The outstanding balance on credit card debt has reached a level last seen over a decade ago.  This is positive since […]

Sep 13 2012

Federal Reserve slaps on financial rocket boosters but who will benefit? Half of Americans spend more than they make and household incomes fall back to levels last seen in 1995.

The Federal Reserve announced the sequel to the sequel on Thursday with Quantitative Easing 3.  After all, if something didn’t work the first time might as well rinse and repeat.  The markets are rallying yet what has come from the QEI, QEII, TALF, TARP, and all of those other backdoor bailouts?  What has resulted is […]

Sep 10 2012

Economic duplicity with low wage capitalism – Nearly half of those that lost their job between 2009 and 2011 are working in a lower wage position. The hard financial reset button.

All jobs are not created equal.  It is unfortunate that last month the drop in the unemployment rate was largely driven by hundreds of thousands of Americans simply dropping out of the labor force.  Not exactly a way to build the middle class but to many it gives the false impression that things are getting […]

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 […]

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