China lost the equivalent of 14 Greeces over the last month: Why the actions of banning short selling and punishing the market taken by the Chinese government will backfire.
The market has been fixated on the actions of Greece, a country with 11 million people or the equivalent of Los Angeles County. However, the bigger action is taking place in the gambling obsessed Chinese economy. For those of you not following global news the Chinese stock markets, primarily the Shanghai Composite, Shenzhen, and Hang […]
China has overtaken Mexico as the source of the largest number of immigrants to the U.S. – the Far East is the new Southwest.
It should come as no surprise that the US is a net immigration country while China and Mexico are both net emigration countries. What may be a surprise is that now China has overtaken Mexico as the top importer of immigrants. The flood of money from China into key cities has been nothing short of […]
The low wage employment tsunami: Low wage jobs now make up 25 percent of all employment in the United States.
The employment report continues to provide deceptive bread and circus fodder for the mainstream press. Never is any thorough analysis given to the 93+ million Americans that are now part of the “not in the labor force” category. In large part, we have a low unemployment rate because this massive army of Americans is simply […]
Low wage America: People think minimum wage is for young workers but the average age of someone on minimum wage is 36. Half of Congress is made up of millionaires.
People have a hard time understanding the vast number of Americans working in low wage jobs. There is a very real reason why dollar stores paint the heartland. We also have 46 million Americans on food stamps. One of the big issues that we will certainly hear about during this campaign season is the erosion […]
Record 93.2 million Americans now not in the labor force: The not in the labor force rebound added 277,000 Americans in March alone.
In the last year alone we have added 2.1 million Americans to the “not in the labor force” category. This mysterious category continues to grow and is having a field day with the employment data. It is hard to ignore this number because it represents a large portion of our population that is simply not […]
The revival of the American debt machine: auto loans, student debt, and credit card debt surge in latest report. Total non-housing debt now at $3.15 trillion.
Last week while going through mountains of credit cards offers, it felt as if we were in 2005 and 2006. Even last year, the cold calls started and it seemed like the debt machine was back and alive. This is helpful news for consumers given that half of Americans are living paycheck to paycheck. Now […]
The evolution of low wage America: The most common jobs by state in 1978 to 2014. The destruction of the manufacturing industry.
The US continues to see a widening gap between the army of low wage workers, the highly paid small upper-class, and a dwindling middle class. We’ve already shown through IRS tax data that households make a lot less than people think. The US has been on a very steady trend towards having a massive pool […]