Aug 12 2013

Suppressing wages and increasing corporate profits: The tough math behind the current economic recovery.

It should come as no surprise that the stock market is a very poor barometer on the financial health of Americans.  We think of the stock market as a temperature gauge on how well Americans are doing.  If that is the case, the record breaking highs in the stock market should reflect a very happy […]

Jul 26 2013

The financial feeding of the massively indebted American: Consumer credit owed hits record, permanently high gas prices, and feeding empty promises with food stamp outlays up 600% from 2000.

Americans are now fully engaged, once again, in their consumption ways financed by debt.  To continue pretending that the middle class is not shrinking, massive amounts of debt are being pumped into the system once again.  Total consumer debt has reached another peak but the reason this has peaked is very troubling.  Over the last […]

Jul 18 2013

Detroit files for bankruptcy while S&P 500 hits record high: The bifurcation of the American economy and the long decline of the American manufacturing base.

The US is full of economic dichotomies.  The DOW hit a peak when food stamp usage peaked.  Incomes for the wealthiest are reaching record levels while the median household income has fallen back to levels last seen in the mid-1990s.  And today, the once manufacturing powerhouse of Detroit is filing for bankruptcy at the exact […]

Mar 6 2013

Debt based delusion: Fed spending far outstripping revenues, balance of trade, and business inventories decline.

One clear symbol of our new Gilded Age is that of the peaking DOW while food stamp usage is at a peak as well.  Even though the DOW is only a reflection of a handful of companies, the media focuses on this as if it were a barometer of the real economy.  It isn’t.  Household […]

Mar 3 2013

The Sequestered Gilded Age: Top 20 percent of households control over 90 percent of all stocks and financial wealth: Bottom 40 percent of all households have an average net worth of -$10,600.

Income inequality is now at levels last seen in the United States during the Gilded Age.  This was a time of incredible opulence for the few while the many struggled to get by.  There is even a story of a Mrs. Stuyvesant Fish throwing a dinner party to honor her dog that arrived wearing a […]

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