May 31 2012

The end game of global leveraged debt – double-digit percentage point market declines in Europe and Japan and the danger of refinancing debt with longer term debt.

There is a painful realization that shifting debt around like a game of musical chairs has little merit unless real production is achieved as an end result.  May was a disappointing month for markets in general.  While the S&P 500 certainly fell, markets in Japan and Europe took double-digit declines.  The massive amount of leverage […]

Jan 2 2012

Welcome to the new model of retirement. No retirement. In 1983 over 60 percent of American workers had some kind of defined-benefit plan. Today less than 20 percent have access to a plan and the majority of retired Americans largely rely on Social Security as their de facto retirement plan.

As many Americans enter into retirement they are realizing one unfortunate thing.  The new retirement plan is no retirement at all.  Over the last few decades Americans were promised the idea of a comfortable retirement yet none of this has materialized because of financial swindling and a real estate bubble that will go down in […]

Aug 14 2011

The rise of the new gilded age – Massive market volatility is a dramatic sign of an unhealthy economy – 14 of the 28 biggest percent declines since 1950 in the S&P 500 have come after 2008. Two of those volatile days have occurred in August of 2011.

Massive stock market volatility is not a good sign for the economy and like an EKG is telling us something is troubling the heart of the nation.  The most tumultuous times in the stock market have occurred during times of great economic uncertainty.  August of 2011 has quickly brought back the troubling memories of 2008 […]

Jun 28 2011

Who’s afraid of the middle class? As housing values reach new lows the stock market is up 100 percent from the 2009 trough. Too bad over 30 percent of Americans have $0 in savings.

The methodical shrinking of the American middle class is difficult to witness.  What is even more troubling is this outcome was set in motion over a decade ago and little attention has been shed on what used to be a cornerstone of America’s success.  Systematic robbery is now part of the financial fabric of our […]

Jun 8 2011

The destruction of the middle class will not be televised – 56 percent of American workers have less than $25,000 saved. Even worse 60 percent of retirees have less than $50,000 saved. 45 million on food stamps and the consequences of peak debt.

The disappearance of the middle class will not be televised.  Don’t expect your favorite talking head to relay this information to you.  At the core of our economy we have become a consumption nation.  This necessarily isn’t negative if we were to balance out the opposite side of the equation with adequate savings.  It would […]

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