Aug 27 2009

Demand Destruction Price Deflation: Earnings up when you Fire Employees. California Lowering Tax Brackets. Social Security no Cost of Living Adjustments.

The Consumer Price Index has shown a year over year decline for the first time since the 1950s.  This in itself has added fuel to the growing flame of the menace of deflation.  Yet what we are seeing in the psychical world in the form of price declines is directly linked to demand destruction and […]

Aug 16 2009

Why Budget Deficits Matter: Government at a $1.26 Trillion Budget Deficit for the 2009 Fiscal Year. Three Times as Large as Last Year and we still have Two More Months of Data.

The notion that deficits do not matter is a widely held and deeply ingrained economic philosophy.  This line of thought took a stronghold in the 1980s and has seemed to stick to our ever-growing dismay.  Yet budget deficits do matter if we are looking at an economic horizon that is longer than one fiscal year.  […]

Aug 11 2009

Financial Brinkmanship: Forcing Americans to Spend and Discouraging Savings. Americans Decide to Save Forced by a New Austerity. Banks Offering Zero Percent on Your Savings Account.

Spending more than you earn is a financially devastating recipe for individuals and nations.  I’ve read countless pop financial books on how to gain and sustain wealth and those that have any substance always emphasize saving your money, spending less than you earn, and being prudent with your funds.  In no book did I ever […]

Aug 9 2009

California Budget Miscalculation: The $60 Billion Budget Gap. Cargo Levels near Decade Lows. Why the Financial Recovery will come last to California.

The largest singular economy in the United States is still facing a fiscal mess.  California is still trying to grapple with the budget deal that is now in place.  The challenging part seemed getting a budget passed but the more challenging aspect of the budget process is enacting the $26 billion in fixes.  Over the […]

Jul 2 2009

Employment Situation: Job Anti-Growth – A Decade with Zero Net Added Jobs. 131 Million Nonfarm Payroll Employment in June of 2000. 131 Million Nonfarm Payroll Employment in June of 2009. 6,460,000 job losses since start of Recession.

The so-called second half recovery got off to a rocky start.  The market was expecting 367,000 job losses for the month of June but instead got 100,000 more than expected.  The market quickly turned sour as 26,000,000 Americans are now unemployed or underemployed in the job market.  Yet what is even more troubling is the […]

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