Apr 15 2011

Meet the new financial boss, same as the old financial boss – Commercial real estate bailout implicates Federal Reserve as Fed balance sheet balloons to $2.7 trillion. CRE values down $3 trillion from their 2008 peak.

Commercial real estate (CRE) is still benefitting from a large shadow bailout by the Federal Reserve.  This isn’t some secretive move since the Fed actually publishes data on this and is available to anyone in the public with a desire to shuffle through the mounds of information.  There has been virtually no media coverage on […]

Apr 12 2011

Banks gone wild – The temporarily embarrassed millionaire syndrome. Bailout recipient JP Morgan Chase pays CEO what amounts to 843 times the median US household income.

It is a fascinating case study in human psychology that one of the top contenders for President is Donald Trump, a man who makes a living at least on his show by firing people.  You would think that many Americans would want someone that hires people given our current economic predicament.  Put aside the antics […]

Apr 6 2011

The new Gilded Age – The psychology behind the aspirational rich in America and how people allow banks to swindle their financial security away.

A couple of weeks ago a survey of the ultra-rich by Fidelity Investments showed that most of these millionaires did not feel rich unless they had $7.5 million.  Keep in mind that one out of three Americans do not have one penny to their name, not even stashed in the beat up mattress.  It is […]

Mar 31 2011

Federal Reserve punishes savers by subsidizing big banking bailouts – Two largest U.S. banks offer a paltry 0.05 annual percentage rate while increasing service fee charges and upping loan interest rates. S&P 500 not cheap.

The challenge most Americans are facing is first, trying to save money.  If that hurdle is accomplished the next tougher question becomes where the money should be placed.  The Federal Reserve by default with a negative interest rate policy has punished savers at the expense of massive debtors.  The Fed for many decades since the […]

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