Oct 15 2016

The Millennial Conundrum: Millennials are bogged down by massive student debt and confiscatory housing prices.

Millennials are a critical group in terms of where the economy goes in the next few years.  The economy largely relies on younger people to spend and purchase consumption items.  Think of a young couple buying their first home.  That in itself is a big purchase.  Then comes big ticket items like refrigerators, a family car, bed, television, and all the trappings of filling a home.  Baby boomers followed a very clear script when it came to this consumption behavior.  Millennials on the other hand have not.  They are largely constrained by a couple of major things that simply were not tied to the previous generation.  And what could those be?  Millennials are bogged down by student debt and confiscatory housing prices.

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Oct 8 2016

The Silent Majority, those Not in the Labor Force: 94,184,000 Adult Americans Not Participating in the Labor Force.

There are roughly 74.9 million baby boomers.  Then you have approximately 75.4 million Millennials.  Big groups that can sway the election.  But how many people are not in the labor force?  You have a whopping 94.2 million adult Americans that are not in the labor force.  In other words the largest voting bloc of adults is going to be a group that isn’t employed.  So think about what issues are going to matter to this group.  It is a given that a large part of this cohort comes from older Americans.  Those that are concerned with healthcare and Social Security.  But you have many in this subsection of America that would like to work but simply cannot find work.  We are talking about millions here.  So it will be interesting to see how this group will vote one month from now.

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Oct 1 2016

The retirement gamble: 30 percent of American adults have no retirement savings. Half of Americans live paycheck to paycheck.

Retirement angst is a big deal.  It probably feels like a bigger deal since older baby boomers are now entering into retirement age in wildebeest like droves.  A time that was supposed to be spent sipping ice cold margaritas on the warm beaches of the world is now filled with working retail jobs or trying to pay the rising bills brought on by inflation.  Many have now realized that the new retirement scenario means working until you die and are put deep into the ground.  Many Americans do not have any sort of retirement savings.  This actually makes sense given that half of the country lives paycheck to paycheck.  Once the monthly expenses are accounted for, there is little left over to save for retirement.  Millions of Americans are realizing that retirement is now one giant gamble.

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Sep 24 2016

Everyone thinks they are middle class: The false perceptions many Americans hold.

We have a deeply held belief in America that if you work hard enough, anything is achievable.  This is something built into the core of our nation.  If you go back to the Great Depression, while other countries were overturning systems and shifting deeply held ideology, Americans held steady and went out and voted.  The system remained with tweaks.  Today, the idea of the middle class that emerged after World War II is still held very deeply.  Yet there is a clear definition for middle class if we simply look at data.  But people think they are middle class if they make $22k or $200k.  The median household income in the U.S. is $56,000.  That is the middle.  Let us look at the figures here.

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Sep 17 2016

Venezuela provides a glimpse into the horrors of inflation gone wild: A dozen eggs cost $150 USD as hyper inflation wrecks economy.

The award for worst performing economy in 2016 would likely go to Venezuela.  What could possibly go wrong when the government tries to control absolutely everything in a petro state?  Apparently everything can go wrong and you now have runaway inflation.  At this point Venezuela’s currency is in a death spiral of hyperinflation.  A dozen eggs will cost you $150 U.S. dollars.  Needless to say people are going without certain items and many people are actually on the verge of starving.  So when you have people acting like inflation can never be a bad thing, just look at what is happening in Venezuela.  Let us actually see what is going on in the country.

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Sep 10 2016

U.S. national debt is more than all the world’s physical cash, gold, silver, and bitcoin combined.

The U.S national debt is quickly approaching $19.5 trillion.  It will very likely be there this month.  It is hard to comprehend how much this amount is for the average American that is barely trying to get by.  But people are starting to wake up.  There is a large financial charade going on.  Most people realize that their standard of living is being eroded.  Anyone outside of coastal regions realizes that many parts of this country are struggling to levels that are not understood by the mainstream press.  Their control is slowly being lost.  One way to understand the amount of debt we have as a nation is to simply look at in context to how much physical currency is out there.

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Sep 3 2016

Americans now spend more on drinking and eating establishments than they do at grocery stores. Over 17 million kids went to college to be waiters or flight attendants.

There are many reasons why so many people now work in the low wage sectors of America.  As it turns out, the eating habits of Americans have changed dramatically.  Only in the last couple of years have Americans spent more on eating out than they do on actual groceries.  Too bad the median annual pay for waiters and waitresses in 2015 was $19,250 with tips included.  Companies still haven’t figured out how to outsource servers but our manufacturing base that once provided millions with good paying jobs is completely decimated.  It also may have to do with a large number of young Americans living at home.  Since homeownership is on the decline with the young, discretionary spending on eating out is up.  Way up.

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