Feb 28 2014

Household debt first increase in 4 years largely driven by massive increases in student debt. Auto loans showed increase volume in sub-prime loans.

In a recent post we discussed how personal income growth is having tough go at the current economy.  However, with incomes largely stuck in the quicksand of a mediocre economy for the working class, we see that the elixir of spending is back at the table again.  Debt spending is making up for the lack […]

Jan 11 2014

Low wage capitalism with a dab of cronyism: Of job sectors with the highest growing raw number of positions 9 out of 10 will pay $35,000 a year or less with little to non-existent benefits.

There was a big miss with the latest employment report.  The addition of 74,000 jobs produced the weakest employment report going back to January of 2011.  Yet part of this is not a surprise given the weak retail sales over the holidays at the expense of cash strapped American consumers.  If you dig deep into […]

Nov 5 2013

Arrested economic development: 36 percent of Millennials living at home delaying financial adulthood. Less than one-third of Millennials employed.

Young Americans are living at home in record numbers.  Millennials are living at home for much longer because of the poor economic conditions for the young.  Think about the perfect storm of financial pain for young Americans. College costs are astronomical and many are going into massive debt to pursue a college education.  If not, […]

Oct 26 2013

Means-Tested recovery: Over 108,000,000 Americans received means-tested benefits in latest report from Census Bureau, more than are currently employed full-time.

The Census Bureau released some interesting data in October.  One of the pieces of data that we knew was coming was the continuing decline of household income.  This decline is in line with the growing income disparity that is occurring in the US.  Another piece of data made this trend abundantly clear.  The comprehensive data […]

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 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 […]

Jul 5 2013

The consequences of bubblenomics: Fed balance sheet increases to $3.5 trillion, negative interest rates since 2009, and part-time employment at record high.

While the Federal Reserve mumbles about tapering back quantitative easing, the balance sheet the Fed is carrying tells us an entirely different story.  The latest report shows that the Fed has grown its balance sheet to a stunning $3.5 trillion.  The ability to travel with an economic blindfold has been a strategy the Fed has […]

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