Jul 16 2014

We are absolutely in a stock market bubble: corporate equity valuations now higher than peak reached in 2007. Crestmont P/E of 26.3 is 90 percent above its average of 13.9.

Once again the stock market is in full bubble mode. The internet chat forums are full of people pumping up stocks and you also have penny stocks surging in light of people looking for the next free lunch. The stock market is a poor indicator of the overall economy but it does show how those […]

Sep 4 2012

Student debt crisis enters a tipping point – Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.

The great deleveraging event continues to unwind while one sector of debt continues to grow by leaps and bounds.  While other forms of debt have fallen by $1.6 trillion since the peak of the debt bubble mania, student loan debt has increased by a stunning $303 billion since the third quarter of 2008.  What is […]

Aug 20 2009

Home Equity Loans: $674 Billion in Total Loans. When The Household ATM Goes Out of Order. First, Second, Third, Fourth, and Even Fifth Mortgages.

Home equity was once seen as a cushion for a rainy day.  People built up home equity as a means of paying off their home loan and saw it as a source of security.  The days of the mortgage burning parties were all but lost in this housing bubble.  The roots of the housing bubble […]

Jun 10 2009

The Economic Recovery Decoy: Bank Refuge and Auto and Home Sales Plummet. Two Largest Purchases for Americans still Treading Water. Number of Renters Increases by 748,000 in one Quarter.

When I hear about the banks and Wall Street returning TARP money to the government I can’t help to think of a successful Trojan Horse hitting our economy from within.  The initial rush to back an unprecedented bailout for the sake of the economy actually turned out to be a strategic looting of the American […]

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