Apr 7 2009

Credit card companies shut down 8 million credit card accounts in February while accepting more Bailout Credit Cards from the U.S. Treasury. 400 Million Credit Card Accounts still open.

Many American households have been strapped for money for many years.  The benefit of having a debt bubble is the ability to cover up troubling economic trends and drown out any noise while people feed at the bubble.  During this time, credit was easily accessible and many families used credit cards as a bridge loan […]

Mar 28 2009

Saving Money is Bad for the Economy: Personal Savings Rate Higher, Consumption Slightly Up, Banks get new American Express, and Markets Begging for Money.

Last month the savings rate hit the 5 percent mark.  That makes two months over 4 percent and for the first time in a decade that Americans have actually saved more than 4 percent for two consecutive months.  Saved 4 percent of what?  Of their personal income.  You would think that most people would be […]

Mar 19 2009

The Ports of America: Long Beach and Los Angeles Ports see Massive Drops in Cargo. The Concrete Mouth of Consumerism.

The port of Los Angeles and Long Beach are the two busiest ports in the United States.  The port of Los Angeles is located in San Pedro Bay which is only a few miles away from the port of Long Beach.  Make no mistake, these two ports are incredibly busy ports that provide the spine […]

Mar 9 2009

The Red, White, and Blue Queen’s Race: The Economy Reverts to Historical Inflation Patterns: Stock Market and Real Estate Fall back in Line with Inflation. Working Harder Just to Stay in the Same Spot.

The Red Queen’s race is a situation that appears in Lewis Carroll’s Through the Looking-Glass where one has to run faster and faster just to remain in the same spot.  Imagine a treadmill that increases in speed every 10 minutes yet you don’t burn calories at the higher rate.  Many Americans are feeling as if […]

Mar 3 2009

Gas Prices going up and Bailing out a Hedge Fund: Why the Average American is Getting Bailout Fatigue. TALF a bailout for Corporations under guise of Lending for Average Americans.

Most Americans are having a challenging time digesting the bitter fruit of all the financial news coming from Wall Street and D.C.  It is hard for many to wrap their brains around what is going on.  In fact, today Ben Bernanke just stated that AIG was operating like a hedge fund.  Which of course begs […]

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