Jun 10 2014

Temporarily embarrassed millionaire Americans go back into credit card debt: Credit card debt begins to tick up as tapped out Americans re-leverage once again. Average household has $7,000 in credit card debt.

It is hard to believe that a large part of the nation has already forgotten the Great Recession. A crisis created by too much debt and the financialization of global markets is now once again unleashing high levels of debt to keep consumption going. This makes sense given that 1 out of 4 working Americans […]

Nov 30 2013

The average American is broke and buying things they cannot afford with debt again. Debt based consumer financing again filling the gap of a shrinking middle class.

At a family Thanksgiving get together we typically have a usual crowd showing up to celebrate the year that has passed.  For many, this is the only time we see each other.  A familiar face was not there.  We asked what happened and apparently he had to work on Thanksgiving Day because stores are now […]

Nov 30 2012

The Temple of Inflation – where does the typical Americans spend their money? A comparison between 1986 and today.

For most people that I know the mortgage and rent payment will eat up the largest portion of a monthly budget.  This is the case for the vast majority of Americans as well.  Housing is the biggest line item expense on the monthly budget.  For the most part people tend to think that the Federal […]

Apr 17 2012

The long debt emergency has arrived – From 1950 to 1980 total US credit market debt to GDP held a ratio of 1.5. Today that figure is above 3.5 with total US credit market debt at $54 trillion.

We are reaching a point of no return with global debt.  The US will be running deficits for as far as the indebted eye can see.  This isn’t a new or novel trend but the magnitude certainly is.  Since we stepped on the deficits do not matter accelerator in the 1980s the US dollar has […]

Jul 27 2011

How to spend $9 trillion in 10 years. How in the financial world did we end up with over $14 trillion in Federal government debt?

If we do a slow rewind back to 2001 U.S. debt stood at $5.8 trillion.  This today would seem like a bargain.  So how in the world did we end up with the current $14.3 trillion figure in a matter of ten years?  People like to ignore history but if you don’t know where your […]

Apr 24 2010

The Futile Act of Saving in America Today – No Money Down Car Purchases, Low Down Payment for a big Mortgage, and High Interest Credit Cards for Everyday Spending.

This recession did change spending, at least for a few months.  When the recession hit Americans had a negative savings rate, the first time ever we had the ability to spend more than we actually brought in.  As the recession progressed, Americans did start saving and we took the personal savings rate to 6% (this […]

Feb 23 2010

The Expanding Economics of Austerity – Home Equity Loan Ads Replaced by Brown Bag Ads. Breakfast Sales take a hit as more Unemployed Avoid eating out.

The middle class of America is adapting to the new austerity taking hold.  Many are changing their habits to live in a market where credit is less accessible but others are having a hard time giving up the artifacts of the debt boom decade.  However you slice the numbers average Americans are confronting a leaner […]

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