Nov 8 2015

The 20 small cities struggling the most in the U.S. based on economics, education, quality of life, and affordability: All of the cities are in California.

It is hard to quantify what makes a city great or bad.  Simply having a higher income is not enough to separate an area from another city if the cost of living is outrageous.  There have been attempts to use cost of living adjustments but the attempt to rank cities has been paltry.  Most of […]

Jul 10 2015

China lost the equivalent of 14 Greeces over the last month: Why the actions of banning short selling and punishing the market taken by the Chinese government will backfire.

The market has been fixated on the actions of Greece, a country with 11 million people or the equivalent of Los Angeles County.  However, the bigger action is taking place in the gambling obsessed Chinese economy.  For those of you not following global news the Chinese stock markets, primarily the Shanghai Composite, Shenzhen, and Hang […]

Jun 18 2015

Record number of too big to fail banks: 59 banks in the United States now have over $20 billion in assets. Top 3 US banks hold $6.3 trillion in assets.

Remember when too big to fail was being uttered like “good morning” or some other daily phrase?  Apparently people have forgotten about the dangers of too big to fail and have allowed the banking system to grow like weeds in an unattended garden.  The previous peak of massive big banks was in 2004 when we […]

Jun 6 2015

The crisis in housing: Not enough homes are being built and rents are outstripping wage gains.

There is an economic crisis happening in the housing market.  The working class is finding more of their wages sucked into the housing financial puzzle. Stagnant wages combined with rising home prices and rents are putting a lid on household formation.  It probably doesn’t help that many young families are caught in the low wage […]

Mar 25 2015

Bear markets happen more than people think: Since 1940 we have encountered 12 bear markets.

A bear market is defined by a 20 percent drop in the stock market from recent highs.  For some, the memory of the last crisis is now but a distant echo.  After all, we’ve been in a rather strong bull run for 6 years.  But bear markets happen more than most people think.  Since 1940 […]

Mar 10 2015

The young, broke, and indebted American: 45 percent of 25 year olds carry student debt and the median net worth of those 35 and younger is one month of expenses.

It is clear looking at economic data that young Americans were not sent the memo regarding this economic recovery.  People do realize that the “Great Recession” officially ended in the summer of 2009, right?  We’re heading into year six of this recovery but many are simply seeing lower paying jobs, a deeper reliance on debt, […]

Feb 24 2015

Subprime lending at highest level since financial crisis hit: The three leading subprime categories are auto loans, credit cards, and student debt. $189 billion in subprime loans made in 2014.

The euphoria is bleeding into every corner of our debt driven economy.  Access to credit is being given to consumers but unfortunately, the loans are tied to items that are counter to becoming financially healthy.  More to the point, subprime loans have reached levels that were last seen only during the financial crisis.  As fewer […]

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