May 26 2011

The brittle financial American middle class – 50 percent of Americans would be in financial trouble if $2,000 of expenses came up in 30 days. By 2020 the world’s richest households will control $202 trillion in wealth, 4 times current global GDP.

This economic recovery has excluded working and middle class Americans which begs the question, what really defines a financial recovery?  In past and distant recoveries the economic gains were widely distributed amongst all Americans.  Most realize that income gains will never be equal simply because in a market based economy those with certain desirable skills […]

May 9 2011

The financial bubble that is still popping – Home prices enter a deep double dip because household incomes are still in a rut. Housing bubbles in Los Angeles and San Francisco persist while Miami and Phoenix metro areas face double digit annual price declines.

Some people are stunned that home prices continue to sink as if a lead weight was placed on the value of housing.  The mainstream press never sliced and diced the minor jump in prices we had last year because much of the increase occurred around tax credit gimmicks and the Federal Reserve using artificially low […]

May 4 2011

Financial raiders and the loss of the American middle class. 5 charts showing the slow erosion of the middle class in America. 12 states have underemployment rates above 17 percent, insiders selling out, Great Recession in perspective, and a race to the financial bottom.

The current economy is built on a flashy digital casino interface and most of the middle class in the United States is at risk of moving backwards in the coming years.  Millions have already fallen a few rungs lower on the economic ladder.  The stock market no longer benefits the buy and hold investor but […]

Apr 19 2011

Casino economics and tax myths – media forgets that people pay sales, property, Social Security, and Medicare taxes. How the financial class robs from the American people legally.

As tax day passes us by, many in the public are realizing that the extremely wealthy especially in the financial industry know something they don’t.  What they are finding is that the financial industry has access to massive government bailouts and in many cases does not pay their fair share of taxes.  Like Atlas holding […]

Apr 6 2011

The new Gilded Age – The psychology behind the aspirational rich in America and how people allow banks to swindle their financial security away.

A couple of weeks ago a survey of the ultra-rich by Fidelity Investments showed that most of these millionaires did not feel rich unless they had $7.5 million.  Keep in mind that one out of three Americans do not have one penny to their name, not even stashed in the beat up mattress.  It is […]

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