May 17 2013

The facts behind the mountain of student debt: 13 percent of students owe more than $50,000 and nearly 4 percent owe more than $100,000. Student debt grew by 284 percent from 2004 to 2013.

Many Americans view a college education as a way to build a better life.  College is seen as an avenue for better prosperity and the ability to pull yourself up beyond your current circumstances.  In fact, after World War II programs like the G.I. Bill allowed many Americans the opportunity to pursue a college degree.  […]

May 9 2013

Feeling rich through debt: Modern banking has replaced real economic prosperity with massive levels of debt. Housing affordability reaches multi-decade highs while household incomes retreat to 1990s levels.

One of the biggest headlines right now is how the housing market is pulling the entire market up.  Housing prices are soaring while the stock market is making record highs.  Yet a large portion of the housing run-up is being caused by easy money that has been created by the Federal Reserve.  Banks are out-bidding […]

Apr 19 2013

US households are tapped out on debt: While US households are forced to eat austerity measures financial institutions load up on debt and purchase assets at rock bottom prices.

US households are tapped out with debt.  Debt matters.  Contrary to what is being spouted out over the airwaves having too much debt does cause problems.  American households tipped over this point when total household debt reached annual GDP.  This is a critical juncture and results in massive deleveraging.  There doesn’t seem to be answer […]

Apr 2 2013

Casino economics: How the S&P 500 endured two 50 percent dips in the 2000s and sent the middle class packing.

It took the S&P 500 about 13 years to get back to where it was in 2000.  Of course the power of inflation has taken an even deeper toll on this trend.  The stock market is largely a spectacle for most average Americans.  It is a dramatic sideshow like going to the track and betting […]

Mar 30 2013

US Household income continues to fall in midst of recovery: Since the recession started median household income is down 7.3 percent.

US households continue to face a declining standard of living.  The first obvious item comes from falling incomes.  Some of this is being masked by renewed access to debt as banks are once again lending money to over stretched consumers.  Yet real wealth recovery this is not.  The next major depressing factor for households is […]

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