Oct 30 2010

Income disequilibrium – The top 74 Americans earned an average of $518 million in the economic troubling year of 2009. Top 1 percent earned 14 percent of all earnings in 2009 versus 11 percent in 1989.

The disappearing middle class in the United States is a troubling consequence of the culmination of economic and political policies of many decades.  There is a sense, and probably why so much frustration is out in the country, that the once comfortable life of being middle class is slowly slipping through our hands.  The American […]

Oct 27 2010

Shipping the housing market overseas. Long-term housing prospects hinge on an economic recovery for working Americans first – No housing bottom until middle class recovers a foothold in the U.S.

The housing market can have no sustainable recovery without the employment market improving.  It is incredible that over three years into this crisis that there has been little focus on coupling employment with housing.  Banks argue that many are simply not paying their mortgage yet they want the Federal government to ease lending restrictions.  Who […]

Oct 18 2010

Fed extends a helping hand to Hilton Hotels and takes over malls across the country – The Federal Reserve clandestine bailout of the $3 trillion commercial real estate industry. South Florida apartment building prices down 52 percent from peak.

If you think residential real estate is having problems, you should shift your gaze to the mammoth issues confronting commercial real estate.  Little is mentioned about commercial real estate (CRE) in the mainstream media yet this is a $3 trillion market (or twice the annual GDP of Texas).  Much of the problems in CRE are […]

Oct 16 2010

The debt end game – Top 10 percent of families own an average of $700,000 in stocks while the next 15 percent own an average of $53,000. The other 75 percent are insignificant players by Wall Street standards.

The government recently announced on a slow Friday a $1.29 trillion budget deficit as if it were no big deal for the completed fiscal year.  In fact, this was spun as grand news since the previous budget deficit topped $1.4 trillion.  We are now reaching a nationwide tipping point of debt.  The U.S. Treasury and […]

Oct 13 2010

The hidden gigantic risk of derivatives – Top 77 U.S. banks have their hand in $225 trillion in derivatives. The top 5 banks hold $7.8 trillion of all banking assets growing their asset base by $1.7 trillion from 2007.

The concentration of banking risk in the United States is immense.  The Federal Reserve and U.S. Treasury like to convey a pretense that we have a very diverse banking system with over 7,800 banking institutions.  In the mind of most of the public, this seems like a very diverse industry.  Imagine having 7,800 different kinds […]

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