Nov 5 2009

If Incomes are Down, Where is the Economic Spending coming from? Industrial Production Still Lower, Credit Contraction, and Average Work Week at Record Low. Wells Fargo Considering Converting Option ARMs to Interest Only Loans.

With 8 million jobs lost in this great recession, it is rather surprising to see so many people enter into a deep capture mode of believing in a quick and efficient recovery.  If we look at data in the misery index, the average American has a hard time swallowing the jagged economic recovery pill.  They […]

Oct 31 2009

Dow Jones Largest Fall Since April of 2009: Current Rally based on V-Shaped Recovery Hopes and Sustained Spending. Credit Card Mail Offers Fall from 2.1 billion in Q3 of 2006 to 391 million in Q3 of 2009.

The Dow Jones Industrial Average falling 249 points on Friday was a significant turning point in this rally because it came on the back of a 200 point jump just the subsequent day.  On Thursday the GDP numbers were released showing a strong 3.5 percent jump.  Yet digging into the data, 1.6 percent of this […]

Oct 18 2009

JP Morgan the new Lehman Brothers: Why Make Money through Commercial Banking when you can become a taxpayer backed Investment Bank. How JP Morgan Really made the $3.6 Billion in Q3 Profits.

Toxic mortgages and credit card losses through defaults are rising at a rapid pace.  This was also apparent in the earnings report from JP Morgan that reported positive earnings because of non-retail banking activities.  Yet the media for whatever reason isn’t highlighting more carefully where the gains are coming from.  For example, JP Morgan which […]

Oct 14 2009

Stag-Inflation: Japanese Employment Trends in the United States: Part-time, Dispatched, and Contracted Workers. A Decline in the American Consumer Standard of Living. Why the U.S. is not Japan and This is Not Good News.

There have been many comparisons between the lost decade experienced in Japan after the Heisei bubble boom and the current real estate bubble in the United States.  On the surface, superficially things may appear the same.  Japan had a technology led bubble that sent the Nikkei to record heights only to have a bust.  We […]

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