Oct 8 2013

Nothing left to financially lose: Biggest drop in confidence since Lehman Brothers and why some are unmoved by government shutdown.

The government isn’t the only thing that shutdown.  Economic confidence in the US has also apparently shutdown as well.  Many people, in particular those in the media, seem perplexed as to why and how this can happen.  Unfortunately the current financial system has disenfranchised a large number of Americans.  Enough to the point that politics […]

Oct 4 2013

The grand financial shift: Rich own assets while poor and working class deep in debt. 70 percent of wealth for the bottom 80 percent locked up in principal residence.

A core reason for the financial crisis was because too much debt was given to those with very little ability to pay it back.  From the wealthiest banks to those scrimping by on minimum wage.  The irony of this is that many for-profit colleges for example use government aid to finance the education of those […]

Oct 1 2013

The Rise of a Semi-employed America: Amazon to hire 70,000 part-time workers while Merck will fire 8,500 full-time employees. Before recession 4 million part-time workers today over 8 million.

The US is seeing a dramatic rise in the number of part-time workers.  The reason many employers are going with part-time hiring is that they usually forgo any benefit payments but also have more flexibility in firing these workers when they no longer need them.  This may also explain the rise in renting households as […]

Sep 25 2013

Debt serfdom via student loans: A new class of indentured servants now carry the $1.1 trillion student loan bubble and cracks are already plaguing the system.

$1.1 trillion.  That is the amount of student debt being carried on the backs of millions of Americans.  Student debt has become a rite of passage for many young Americans.  In fact, many Americans establish their first credit line with student debt as they enter college.  The crisis is large and has a direct connection […]

Sep 12 2013

Modern day financial repression and disinformation: Financialization of America creates incentives for massive income inequality.

America in the last couple of decades has undergone a massive reformation when it comes to the financial system.  The ability to convert everything and anything into a tradable security has been the biggest goal of Wall Street and has captured our entire economy like a starving grizzly bear chowing down on Alaskan salmon.  Even […]

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