Sep 25 2013

Debt serfdom via student loans: A new class of indentured servants now carry the $1.1 trillion student loan bubble and cracks are already plaguing the system.

$1.1 trillion.  That is the amount of student debt being carried on the backs of millions of Americans.  Student debt has become a rite of passage for many young Americans.  In fact, many Americans establish their first credit line with student debt as they enter college.  The crisis is large and has a direct connection […]

Jan 18 2013

Is the stock market a sham for the middle class? Retail investors expected to pull out $475 billion in funds. Volatility index under pricing real risks.

The stock market is largely a source of entertainment or awe for most Americans instead of being a true source of wealth.  In the United States roughly 42 percent of all financial wealth is aggregated with one percent of the population.  One third of Americans have no savings at all so for this group, the […]

Dec 21 2012

Diving into the fiscal economic mess – Fiscal cliff a reckoning for decades of poor financial management and massive debt based spending.

The media is making it appear that the fiscal cliff is a sudden event.  Like a countdown to a New Year’s party.  Yet this cliff was as predictable more than a decade ago as we spent more than we took in as an economy.  The challenge is real because our spending is so much more […]

Nov 28 2012

Deleveraging on good debt and ramping up on consumption debt – growth in auto loan debt, collection amounts, and revolving debt.

The grand US household deleveraging event continues as debt is paid off or more likely, wiped away via foreclosures and bankruptcies.  What is hidden in the deleveraging trend is the growth of debt in certain spending categories.  Keep in mind that not all debt is bad.  For multiple decades the US had a cautious lending […]

Oct 24 2012

Young, educated, and deep in debt – College debt over 18 percent of all consumer debt. Half of college graduates under 25 are unemployed or working in a field where no degree is required.

I doubt anyone is opposed to education or advancing your knowledge in life.  Who can oppose something so valuable?  Now this lofty aspiration is great but becomes problematic especially when the cost of higher education has gotten so expensive.  How expensive you ask?  The fact that we have over $1 trillion in student loans outstanding […]

Sep 10 2012

Economic duplicity with low wage capitalism – Nearly half of those that lost their job between 2009 and 2011 are working in a lower wage position. The hard financial reset button.

All jobs are not created equal.  It is unfortunate that last month the drop in the unemployment rate was largely driven by hundreds of thousands of Americans simply dropping out of the labor force.  Not exactly a way to build the middle class but to many it gives the false impression that things are getting […]

Aug 17 2012

Healthcare jobs expand servicing many older Americans with little to no savings – Since the recession started top employment fields related to healthcare. Over 10 million Americans no longer in the labor force.

Get used to sluggish growth.  Although the political season is in full force and every candidate is promising you unicorns and roads to utopia if you vote for them, the reality is we have some built in challenges that neither party can easily fix.  The unemployment rate has trickled lower thanks to lower wage jobs […]

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