Feb 28 2014

Household debt first increase in 4 years largely driven by massive increases in student debt. Auto loans showed increase volume in sub-prime loans.

In a recent post we discussed how personal income growth is having tough go at the current economy.  However, with incomes largely stuck in the quicksand of a mediocre economy for the working class, we see that the elixir of spending is back at the table again.  Debt spending is making up for the lack […]

Dec 10 2013

Sheltered banks do not trust broke American public: Too big to fail securely in place while business inventories surge to record levels.

Tracking consumer spending we find that industries subsidized by easy debt are growing at dramatic levels.  These include student debt and auto loans since most Americans simply do not have enough saved up.  Many have nothing to their name.  The student debt market has grown dramatically this year again largely due to the reality that […]

Nov 14 2013

The froth before another stock market crisis: Stock market is overvalued by 27 percent based on historical price to earnings ratio.

The stock market has once again become an overvalued casino where only the large financial players can use massive leverage to enjoy short-term rewards.  Even looking at historical price-to-earnings (PE) ratios we find that stocks are dramatically overpriced.  Yet the stock market is a sham for most Americans.  In fact 53 percent of Americans don’t […]

Nov 1 2013

US households cannot avoid soft default consequences of deleveraging: While US households continue to unwind debt total public debt soars out of control.

The US is walking in a financial minefield.  The recent government shutdown simply highlighted the mega dysfunction in our Congress run by millionaires.  The government is in a deep capture by large financial interests.  The IMF now has an indicator looking at household debt measured against GDP.  Since the recession, US households have undergone a […]

Oct 12 2013

The US cannot avoid a soft default even if a hard default is avoided: Debt ceiling already breached and US Treasury operating in emergency mode while US is paying $415 billion in annual interest expenses.

All the talk has shifted from the government shutdown to the US actually defaulting on outstanding debts.  The markets were in deep fear but the last couple of days rumors that the debt ceiling would be raised put the rocket boosters on the stock market.  Of course, the majority of Americans have little money in […]

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