The End of the Decade of the American Consumer. The Regime of new Austerity and Consumer Economic Feedback.
The American consumer has become addicted to easy access to debt. This has gone on for so long that debt is now as vital as air to the survival of our consumption based economy. This is probably no revelation to you or for those that you know. Yet the great taboo of American culture is [...]
Breaking the Consumer: Exporting Empty Containers Declining. Consumer Credit is contracting at Rapid Pace. Is the Consumer Treadmill Showing Signs of Exhaustion?
If you know where to look, the American consumer is not buying into the U.S. Treasury and Federal Reserve great debt experiment. Port traffic is still declining and indicators show no sign of a major resurgence. If you look at the recent weak outbound pace of containers that are empty what we can expect is [...]
California Budget Miscalculation: The $60 Billion Budget Gap. Cargo Levels near Decade Lows. Why the Financial Recovery will come last to California.
The largest singular economy in the United States is still facing a fiscal mess. California is still trying to grapple with the budget deal that is now in place. The challenging part seemed getting a budget passed but the more challenging aspect of the budget process is enacting the $26 billion in fixes. Over the [...]
