Is college worth a lifetime of debt? Student debt reaches critical tipping point at $1.2 trillion as annual price increases enter the moment of truth.
The cost of going to college has come into deep questioning. In our inflation addicted market, the answer to every question regarding affordability involves more debt. Can’t afford a home? How about taking on a massive mortgage with a small down payment. Can’t afford a car? How about a 0 percent 0 down loan. Having […]
McWages for the McAmerica job recovery: The scorecard – 3.6 million higher-wage jobs lost due to recession with only 2.6 million added back. 2 million lower-wage jobs lost during recession but 3.8 million added since the recovery.
We are witnessing an economic race to the bottom. The recovery has largely been one of low-wage work. This is easily seen through the paychecks Americans are receiving. What isn’t readily visible is what is being slashed on the backend including healthcare, benefits, and the expanding impact of inflation on purchasing power. A report from […]
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 […]
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 […]