May 11 2013

What does it mean to be retired in the United States? The age of disappearing pensions, dependence on Social Security, and stock market speculation.

A few days ago the stock market experienced a mini panic as someone hacked a reputable news source Twitter account and posted a sensational headline.  The markets quickly reacted to this news.  What was troubling is many algorithm-based trading systems are setup to scour internet information for these kinds of dramatic changes.  Many of the […]

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 18 2013

Is the stock market a sham for the middle class? Retail investors expected to pull out $475 billion in funds. Volatility index under pricing real risks.

The stock market is largely a source of entertainment or awe for most Americans instead of being a true source of wealth.  In the United States roughly 42 percent of all financial wealth is aggregated with one percent of the population.  One third of Americans have no savings at all so for this group, the […]

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 […]

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