S&P 500 is The New Bubble: Current S&P 500 Value is Betting on Return to Bubble Peak, Housing Mania, and 4 Percent Unemployment.
One question that seems to pop up every so often is whether the S&P 500 is overvalued. To put it simply, it is hyper-valued. From the 666 low reached in March the index has rallied 57 percent. Unfortunately much of the rally is based on temporary government stimulus, the U.S. Treasury and Federal Reserve trashing […]
California Lost Decade of Employment: Bulk of Recent Income Gains went to Wealthiest Californians. 76.8 Percent of Adjusted Gross Income Gains between 2006 and 2007 went to the Wealthiest Fifth of California Personal Income Taxpayers.
California may now have one of the distinct misfortunes of enjoying a lost decade of job growth. This not only applies to the battered economy of California, but to the nation as well. To put the magnitude of the current recession in perspective, the only other time in economic history to see a contraction wipe […]
Does a College Degree Protect your Career? Unemployment Rate for College Graduates Highest on Record.
As many students begin applying for the 2010 academic school year, students are looking at an economic climate where endowments are hit, student loans are more restrictive, and parents have seen 529 plans sink along side their retirement plans. The upcoming school year will be highly competitive and expensive but will it be worth it? […]
California Economy: $80 Million in Unemployment Insurance Being Paid out Per Day. 143,000 Exhausted Their Jobless Benefits on September 1. One in Four Unemployed Workers without a Job for 27 Weeks or More.
In another sign that California is inching back to the financial edge, earlier this week 143,000 unemployed Californians exhausted their unemployment benefits. Now, you might think that this is simply a function of a normal recession. It is not. In fact, many of these people have exhausted their 26 weeks of benefits plus three additional […]