Mar 19 2009

The Ports of America: Long Beach and Los Angeles Ports see Massive Drops in Cargo. The Concrete Mouth of Consumerism.

The port of Los Angeles and Long Beach are the two busiest ports in the United States.  The port of Los Angeles is located in San Pedro Bay which is only a few miles away from the port of Long Beach.  Make no mistake, these two ports are incredibly busy ports that provide the spine […]

Mar 16 2009

The Long Depression of 1873: Parallels and Comparisons. Are we Missing Economic Information from an Important Piece of American Financial History?

There have been many comparisons to the Great Depression with our current economic crisis.  Massive speculation, rampant problems in the banking system, and exponential jumps in unemployment.  Yet we may have a lot to learn by looking at the former Great Depression known as the Long Depression.  The Long Depression lasted 65 months starting in […]

Mar 6 2009

Major Trends in Employment: College Graduates Now Facing Higher Unemployment, U-6 Rate now at 14.8%, and 4.3 million jobs lost during this Recession.

The BLS has put out its monthly employment report and the data is once again showing weakness in the U.S. employment market.  What we are now seeing is conformation that this will in fact be the deepest and longest recession since the Great Depression.  What is more troubling is in light of the multiple bailouts […]

Feb 26 2009

American Consumers Cutting up that Final Credit Card: The End of a 30 Year Consumption Era and the Nervous Breakdown of the Spending Psychosis.

Imagine sitting in a messy room.  Chopped plastic all around you as you sit there clasping a set of red scissors.  Only one more credit card sits in the middle of the room starring back at you.  Can I do it you ask?  Is it possible to go forward in life with no credit cards?  […]

Feb 7 2009

Bank Charge-off Rate Highest Since 1992 for Commercial Banks: Credit Cards, Revolving Debt, and the Contraction of Credit.

Charge-off rates are now at a 17 year high since commercial banks are writing off real estate loans, consumer loans, leases, agricultural loans, and other construction loans.  The FDIC is going to be bombarded with hundreds of bank failures in the upcoming years simply because their balance sheet does not have the ability to support […]

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