Oct 10 2009
The Disappearing Middle Class Dream – How the Average American is coping with the Recession: Savings, Banking, Housing, and Investing. Over 50 Million Households Living on $52,000 or less a year.
Last month the American Community Survey detailed the painful 2008 year for American households. This is a comprehensive survey looking at multiple financial, economic, and social characteristics of Americans. What we find is that the average American is having a tougher time maintaining a hold on the middle class dream. This isn’t a revelation but [...]
Sep 15 2009
S&P 500 is The New Bubble: Current S&P 500 Value is Betting on Return to Bubble Peak, Housing Mania, and 4 Percent Unemployment.
One question that seems to pop up every so often is whether the S&P 500 is overvalued. To put it simply, it is hyper-valued. From the 666 low reached in March the index has rallied 57 percent. Unfortunately much of the rally is based on temporary government stimulus, the U.S. Treasury and Federal Reserve trashing [...]
