Aug 12 2009

Commercial Real Estate, Construction and Finance Employment: How Commercial Real Estate will drag the California Economy Deeper into Recession. 32 Percent of California Construction Jobs Gone.

California is heavily dependent on real estate.  That should be of little surprise to you but many have a hard time understanding how devastating the housing crash is to employment in various sectors.  California for 30 years relied on housing even though in many years, it was in a bubble.  That is why in 2009 […]

Jul 23 2009

Credit Card Companies Placing Financial Landmines for American Consumers: How I lost my 4.99 Percent Fixed Rate and got it Back.

Americans have a love affair with credit cards.  Many Americans have more credit cards in their wallets than they do dollar bills.  When 8,000,000 credit cards were yanked from circulation many consumers realized that this was a new era of austerity.  Credit card debt otherwise known as revolving debt, peaked in September of 2008 at […]

Jul 16 2009

Bankruptcy Filings up 33 Percent over a 12-month Period: Total 12-month Total of Bankruptcy Filings 1.2 Million. In last Report, Filings up 27 Percent in one month.

Bankruptcy filings are soaring in the United States.  In the last data point, we had 134,282 bankruptcy filings for the month of March 2009.  Bankruptcy data usually lags 3 or 4 months but the trend is ominous.  For the last 12 months some 1.2 million bankruptcy filings have occurred.  Much of this is linked to […]

Jun 30 2009

Credit Card Addicted Nation: How Americans have Pushed Themselves off the Fiscal Cliff. $931 Billion in Credit Card Debt Outstanding.

Credit cards were developed as a form of convenience and not another stream of household income.  The first major use in the United States started in the 1920s when it was used for the purposes of fueling the expanding auto owner population.  Bank of America created the BankAmericard in 1958 which later became the Visa […]

Jun 24 2009

$100,000 a Year Will Make you Go Broke with the California Tax System: Why California is a Fiscal Disaster. Broken Tax Structure built on Bubbles.

It is amazing how little attention on a national scale the California debacle is getting.  California alone is the 8th largest economy in the world and contributes $1.8 trillion a year to the national GDP.  In the mainstream press, all you hear is sound bites of “there goes California” yet the state is teetering on […]

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