Nov 30 2013

The average American is broke and buying things they cannot afford with debt again. Debt based consumer financing again filling the gap of a shrinking middle class.

At a family Thanksgiving get together we typically have a usual crowd showing up to celebrate the year that has passed.  For many, this is the only time we see each other.  A familiar face was not there.  We asked what happened and apparently he had to work on Thanksgiving Day because stores are now […]

Sep 28 2009

The Long Lost City of Detroit: The Economic and Financial Pain of Motor City. How Detroit went from 1.8 Million to 912,000 Residents. 28.9 Percent Unemployment.

There is no other city in the United States that highlights the Achilles Heel of the current financial crisis like Detroit Michigan.  Detroit Michigan had a booming population from 1870 to 1950.  In 1870 Detroit had 79,577 residents and in 1950 Detroit had a stunning 1.8 million.  The massive boom came with the growth of […]

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