Sep 3 2013

To taper, or not to taper. Not the question if you are the Fed: Austerity intact while Fed balance sheet continues to expand.

The Federal Reserve has hinted at slowing down its Quantitative Easing machinery but that might face some challenges as the stock market experienced one of its worst months in over a year.  This is not to say that the Fed should respond to the stock market when it sneezes but it makes it more unlikely […]

Aug 27 2013

Long live the reemergence of the FIRE economy: Over the last decade GDP is up $5.2 trillion while the total credit market debt owed is up $24.5 trillion.

The current economy is juiced on the rivers of easy debt.  An addiction that is only getting worse.  Want to go to college?  You’ll very likely go into deep student debt given the rise in college tuition.  Want a home?  Prices are soaring because of speculation but you’ll need a bigger mortgage to buy.  Want […]

Aug 17 2013

Let us count the ways of inflation: While the CPI understates inflation Americans are living out the days of a contracting standard of living.

Americans are experiencing the impacts of inflationary pressures on their pocketbooks.  The Consumer Price Index (CPI) used by the Bureau of Labor and Statistics does a poor job of measuring inflation because it uses derivative measures to reflect the price of things we can readily get.  The most obvious example is the measure used to […]

Jul 26 2013

The financial feeding of the massively indebted American: Consumer credit owed hits record, permanently high gas prices, and feeding empty promises with food stamp outlays up 600% from 2000.

Americans are now fully engaged, once again, in their consumption ways financed by debt.  To continue pretending that the middle class is not shrinking, massive amounts of debt are being pumped into the system once again.  Total consumer debt has reached another peak but the reason this has peaked is very troubling.  Over the last […]

Jul 24 2013

The uneasiness of Quantitative Easing: How QE is ineffective with helping the broader economy in favor of boosting support for too big to fail banks.

Quantitative Easing outside of economic and financial circles is a mystery to most of the public.  In fact, start talking about the Federal Reserve and eyes will glaze over as if you were speaking in tongues.  The financial sector counts on the public being ignorant of such things.  That is why the failure of QE […]

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