Mar 6 2013

Debt based delusion: Fed spending far outstripping revenues, balance of trade, and business inventories decline.

One clear symbol of our new Gilded Age is that of the peaking DOW while food stamp usage is at a peak as well.  Even though the DOW is only a reflection of a handful of companies, the media focuses on this as if it were a barometer of the real economy.  It isn’t.  Household […]

Feb 4 2013

The United States of Debt Addiction: Our reliance on debt has created an entire economy fortified in the fires of moral hazard and fiscally dangerous leverage.

16 point 7 trillion dollars.  That is our current national debt.  12 point 8 trillion dollars.  That is the amount households carry in mortgage and consumer debt.  We are now addicted to debt to lubricate the wheels of our financial system.  There is nothing wrong with debt per se, but it is safe to say […]

Jan 10 2013

Sequestering the working and middle class – The implications of runaway debt. GDP at record levels yet nonfarm employment is 4 million below previous peak. Trillion dollar coins. Greece unemployment reaches a new record.

Gear up those printing presses.  You might be thinking that some of the policy talk coming out today is from The Onion but no, the idea of a $1 trillion coin is being discussed.  The Federal Reserve is already very willing to become a shadow bad bank and take on all the questionable assets from […]

Dec 21 2012

Diving into the fiscal economic mess – Fiscal cliff a reckoning for decades of poor financial management and massive debt based spending.

The media is making it appear that the fiscal cliff is a sudden event.  Like a countdown to a New Year’s party.  Yet this cliff was as predictable more than a decade ago as we spent more than we took in as an economy.  The challenge is real because our spending is so much more […]

Oct 24 2012

Young, educated, and deep in debt – College debt over 18 percent of all consumer debt. Half of college graduates under 25 are unemployed or working in a field where no degree is required.

I doubt anyone is opposed to education or advancing your knowledge in life.  Who can oppose something so valuable?  Now this lofty aspiration is great but becomes problematic especially when the cost of higher education has gotten so expensive.  How expensive you ask?  The fact that we have over $1 trillion in student loans outstanding […]

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