Aug 28 2009
Going Broke on $50,000: The Story of the Struggling American Middle Class. The $50,000 Median Household Budget.
The recent recession is exposing how many American families have been treading on the edge. Problems were already in the system before the recession began but the downturn in the economy was the ultimate catalyst. Many families were using credit cards as a means of supplementing a decade of stagnant wages. The median household income [...]
Aug 22 2009
S&P 500 Over Priced: With 97% of Companies Reporting Q2 Earnings the PE Ratio is Now at 129. The Most Over Hyped Market Rally Ever.
There is probably no better indicator of market volatility than the current price to earnings ratio of the S&P 500. The market volatility is spectacular and we are seeing more gyrations in this recession than we did during the Great Depression. Since March when the S&P 500 touched the 666 mark, the rally has boosted [...]
