Jun 4 2009

Credit Card Debt Obsession: Americans Unwilling to Give up Plastic. Bankruptcies and the Credit Card Addiction.

The banking crisis with mortgages at the center, has taken much of the economic headline news over the past two years.  Yet there is a brewing problem in the credit card markets.  Credit card debt is now becoming another bubble itching to burst.  The meteoric rise in bankruptcies is simply a reflection that Americans have […]

Feb 28 2009

Is the California True Unemployment Rate at 18.47 Percent? The 10.1% Headline Number is the Highest Rate in Over a Quarter Century. 1.8 Million Workers Unemployed in one State. How Many are Partially Employed or Have Given up Looking for Work?

California is a microcosm of the entire United States.  The most populous state with a GDP of $1.8 trillion, much of what happens in California does spread throughout the country.  California’s employment situation is deteriorating at a breathtaking speed.  The latest employment numbers were released after the bell closed on Friday, which now seems to […]

Jan 19 2008

What is a Recession? California Inflation, GDP, M1 and M3, and the Art of the Federal Reserve.

It shouldn’t come as a shock to you that California has a higher rate of inflation than the rest of the country. If we are to look at historical measures, what should the price of a California home be in 2007 accounting for inflation pressures? Using the CPI for California, which includes all urban consumers […]

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