Jun 6 2013

Bread, butter, and food stamp economy: Is the US developing a permanent under-class of citizens economically?

The American economy has developed a deep disconnect between its financial markets and the working and middle class.  The stock market has soared by 138 percent from the low reached in 2009.  Yet very little of this has trickled down to the majority of Americans.  In fact, most Americans actually saw little to negative growth […]

Apr 22 2013

Reinventing GDP: US GDP to be revised in July by adding “intangibles” to the tune of $500 billion. The make believe economy.

The US debt-to-GDP ratio is now quickly reaching insurmountable levels.  It is interesting that a paper citing this issue is now being openly discredited as if this is reason enough to put on the rocket boosters of quantitative easing.  Japan has gone so far off the deep end that they are now intervening in their […]

Apr 8 2013

Food service workers at a record high in US economy: Record percent of Americans now employed in food services as a share of total employment coupled with peak food stamp usage.

One of biggest contributors to jobs over the last few years has come from the low-wage food service sector.  A record 7.6 percent of Americans now work in food services and drinking places.  Given that we have 47+ million Americans on food stamps and this figure has boomed in the last decade, it should come […]

Apr 6 2013

Where did the American worker go? 663,000 people were removed from the labor force pushing the figure to 90 million Americans not looking for work.

The employment report was very weak no matter how you sliced it.  The unemployment rate fell but this was largely driven by an incredibly large number of people dropping out of the labor force.  This recession has been extremely tough on US households.  The recession was technically over in the summer of 2009 which seems […]

Mar 30 2013

US Household income continues to fall in midst of recovery: Since the recession started median household income is down 7.3 percent.

US households continue to face a declining standard of living.  The first obvious item comes from falling incomes.  Some of this is being masked by renewed access to debt as banks are once again lending money to over stretched consumers.  Yet real wealth recovery this is not.  The next major depressing factor for households is […]

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