The engineering of bigger financial bubbles – corporate profits as a percent of GDP at record levels while unemployment is historically high and record number of Americans on transfer payments. Paying interest on excess reserves to banks for our own bailout funds.
The market is perched on the edge of a chair looking out for what the Federal Reserve and European Central Bank have to say. The almighty Oz is the only game in town. With the Fed, the expectation is of some sort of additional quantitative easing to prime the economy once again whereas the market […]
Ph.D. in food stamps – the rise of food stamp usage among those with advanced degrees. Record number of households on food stamps.
t is hard to declare a recovery when a record 22.3 million households are now on food assistance. The latest data shows that 46.5 million Americans are still relying on SNAP, the food assistance program, to get by each month. Since this data lags, we see that in May we added 77,000 jobs but added […]
Retirement means having to work in current economy – new survey shows 34 percent of workers in their 60s do not plan on retiring. The hunger for higher yields in a weak stock market.
The chase for yield is causing money to flow into unlikely places in the market. The low performance market has taken a toll on retirement planning models for millions of Americans nearing retirement age. Many of the models were built on the assumption that stock market gains would return 7 to 10 percent annual gains […]
The sinister nature of inflation – historic droughts push food costs up impacting 46 million Americans on food stamps. What happens when everything gets more expensive and incomes fall?
Inflation is an odd sort of economic beast. People take it for granted that inflation will always be a part of our life sort of like a quite humming background noise. The Federal Reserve is doing all it can to increase inflation so banks can essentially inflate their debts away. Yet the impact for most […]