Apr 21 2014

The Fed is channeling higher interest rates: Fed Committee participants anticipating higher rates and inflation already permeating throughout economy.

A market addicted to low interest rates is about to get a shock. Today our debt addicted system is accustomed to central banks providing all sorts of easy money. The market is awash with easy credit and inflation is rearing its funky head in all sorts of segments of the economy. Low interest rates have […]

Feb 11 2014

The global debt reckoning – Total global debt at $230 trillion. Total world debt over 300 percent annual GDP. There is no escape from a reckoning with debt markets.

Total global debt crossed a troubling event horizon by going past the $200 trillion mark last year.  Given the latest figures we are likely well above a total global debt of $230 trillion based on a comprehensive study done by ING last year.  The banking sector rummages for every possible way of accessing debt.  Global […]

Feb 8 2014

The shackles of consumer credit in a low rate environment – Banks would rather leverage low rates from the Fed than lend money to cash strapped American households. 15 percent average rate on credit cards and typical savings account rate near 0 percent.

In a world where debt equals the ability to purchase large items, access to debt is king.  For this reason banks are the new modern day oligarchy since they have a nearly unlimited line of credit with the Federal Reserve.  The public during the credit bubble days had access to nearly unlimited debt via mortgages, […]

Jan 23 2014

The acceleration of a global Gilded Age: Half of the world’s wealth now owned by one percent of the population. Bottom half of world population own the same as the richest 85 people in the world.

Wealth inequality across the globe has reached epic proportions.  While many bankers roll around in piles of digital million dollar bonuses for basically adding no value to the economy, the rest of the world struggles to enter this modern economic era.  The perception is that this is only happening across the world in other nations.  […]

Nov 22 2013

The new American retirement nightmare: Many Americans find they are completely unprepared for retirement.

Starting in late 2010, we reached a threshold where baby boomers were reaching the age of 65 at a rate of 10,000 per day.  This will last into 2030.  What was once thought of as a retirement age is no longer the case.  The body has not evolved to adapt to financial circumstances but people […]

Nov 14 2013

The froth before another stock market crisis: Stock market is overvalued by 27 percent based on historical price to earnings ratio.

The stock market has once again become an overvalued casino where only the large financial players can use massive leverage to enjoy short-term rewards.  Even looking at historical price-to-earnings (PE) ratios we find that stocks are dramatically overpriced.  Yet the stock market is a sham for most Americans.  In fact 53 percent of Americans don’t […]

Nov 1 2013

US households cannot avoid soft default consequences of deleveraging: While US households continue to unwind debt total public debt soars out of control.

The US is walking in a financial minefield.  The recent government shutdown simply highlighted the mega dysfunction in our Congress run by millionaires.  The government is in a deep capture by large financial interests.  The IMF now has an indicator looking at household debt measured against GDP.  Since the recession, US households have undergone a […]

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