The runaway cost to attend college just continues to sprint ahead. The average student loan balance for graduating seniors is now $40,000. This is astronomical considering the per capita wage of Americans is in the high $20,000 range. The math behind this astronomical debt is rather clear and simple to follow. Student debt is one […]
Is College Worth It? The $1.4 trillion question gets harder to answer as a record number of Americans attend universities.
One of the most perplexing questions on the minds of young Americans today is whether college is worth the associated tuition cost. It is rather humbling to see that $1.4 trillion in student debt is outstanding today. That is more than auto debt and credit card debt. College tuition has outpaced virtually every category that […]
The young carry the weight of student debt: Of the more than $1.3 trillion in student debt outstanding over 66 percent is carried by those 39 and younger.
The compounding problems with student debt are getting louder as each year passes by. Student debt outstanding is now at a whopping $1.3 trillion and most of this is being carried by young Americans. While college costs have soared for most many recent college graduates are working in jobs were wages are low. This has […]
Sheltered banks do not trust broke American public: Too big to fail securely in place while business inventories surge to record levels.
Tracking consumer spending we find that industries subsidized by easy debt are growing at dramatic levels. These include student debt and auto loans since most Americans simply do not have enough saved up. Many have nothing to their name. The student debt market has grown dramatically this year again largely due to the reality that […]
Day of reckoning for commercial real estate in 2012 – largest amount of loans maturing next year as $150 billion in CRE debt comes due. Federal Reserve running out of options in hiding financially disastrous real estate loans.
The Federal Reserve has tried its best to hide the secrets of past banking blunders deep in its balance sheet. Commercial real estate (CRE) loans made in haste during the real estate bubble are part of this national disgrace in banking folly. As the Federal Reserve and U.S. Treasury digitally print the dollar into oblivion […]
Federal Reserve wild financial beast of Maiden Lane – How the Fed silently helped Hilton and Waldorf properties for the benefit of JPMorgan while placing the cost on working and middle class Americans.
The Federal Reserve has done an excellent job in covering up the trillion dollar banking bailout by essentially pretending it did not occur. To show how much it doesn’t care, it actually named a few bailout vehicles “Maiden Lane” for the New York Fed’s address in lower Manhattan. This sounds better than the “New York […]
American middle class slowly disappearing under mounds of debt – How Wall Street and government sucked working and middle class Americans into perpetual debt serfdom.
People quickly forget about the nearly 1,000 point “flash crash” brought on by glitches in the Wall Street casino machinery. Still no sensible explanation has been given but today the stock market now stands below the flash crash moment. The middle class is witnessing the largest wealth transfer in history take place and it is […]