Part-time nation: What does it say when a vast portion of our society is now working at part-time jobs? 2013 scorecard: Minimum wage restaurant jobs added: 239,000. Manufacturing jobs added: 13,000.
One of the more troubling pieces of economic data I have seen is that excluding restaurant and bar employment, we are actually down nearly 2 million jobs in the private industry going back to the start of this long drawn out recession. This is probably one of the narrowest recoveries in our nation’s history focused […]
The consequences of bubblenomics: Fed balance sheet increases to $3.5 trillion, negative interest rates since 2009, and part-time employment at record high.
While the Federal Reserve mumbles about tapering back quantitative easing, the balance sheet the Fed is carrying tells us an entirely different story. The latest report shows that the Fed has grown its balance sheet to a stunning $3.5 trillion. The ability to travel with an economic blindfold has been a strategy the Fed has […]
Has the US lost control on debt market growth? Unbridled debt expansion at the nucleus of rising debt inequality in the United States. US total credit market debt now over 3 times larger than annual GDP.
There is one charge that can never be leveled against Americans and that would be that we somehow have an aversion to debt. To the contrary, our love with debt has blossomed into a full blow addiction. People confuse access to debt with actual real wealth. However as the foreclosure crisis has taught millions, you […]
Has inflation fueled the two income household trap in the US? How inflation has eroded the purchasing power of the working and middle class.
Inflation in the United States is largely seen as a built in part of our economy. People take it for granted as if this was simply the order of things. Yet our central banking system has inflated our debt based financial system and subsequently, the value of money has eroded. For example, most items that […]