Sep 6 2011

The giant gamble in the desert – how Las Vegas bet big on commercial and residential real estate and lost big. Home prices in Las Vegas now down 60 percent from their peak and nearly 1 out of every 5 mortgages is in foreclosure.

Las Vegas is an economic enigma.  A gambling and resort paradise planted in the middle of the barren Southwest desert like an electrical oasis.  Very few areas witnessed such a large boom in both residential and commercial real estate rolled into one.  In a city known for big wins and even bigger defeats the real […]

Sep 1 2011

While D.C. and Wall Street burns the middle class flails – top 10 percent control 98 percent of all financial security wealth. For stocks and mutual funds bottom 90 percent controls only 19 percent of total assets.

Part of the unfortunate theatre being played out in the political arena is that little focus and energy is being placed on the issues plaguing the middle class.  The interests of the big financial banks continue to dominate what politicians will discuss and the media seems content at rehashing the argument over and over like […]

Aug 24 2011

Middle class retirement now largely a postcard fantasy – How Wall Street fabricated a buy and hold fairytale and jumped ship with taxpayer golden parachutes. Did baby boomers think about who they would be selling those 401k and pension stocks to?

The days of dreaming about long days playing golf on a green course and taking luxurious cruises around the world are appearing more and more like a foggy memory for those in the middle class planning for retirement.  As Wall Street bankers and hedge fund managers rob the public blind, the mission statement sold to […]

Aug 22 2011

A banking system built on lies and deception – Hiding commercial real estate losses by laundering bad loans through the Federal Reserve. Trillions of dollars in bailouts were made while banks told the public all was well.

Part of the massive challenges facing our brittle financial system is the opaque and secretive nature of the Federal Reserve.  It is difficult enough to confront a challenge with all information present but make it purposely convoluted and dark and we have a crisis of historical proportions.  The recent market volatility is simply a dire […]

Aug 14 2011

The rise of the new gilded age – Massive market volatility is a dramatic sign of an unhealthy economy – 14 of the 28 biggest percent declines since 1950 in the S&P 500 have come after 2008. Two of those volatile days have occurred in August of 2011.

Massive stock market volatility is not a good sign for the economy and like an EKG is telling us something is troubling the heart of the nation.  The most tumultuous times in the stock market have occurred during times of great economic uncertainty.  August of 2011 has quickly brought back the troubling memories of 2008 […]

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