Dec 22 2009
The Ponzi Decade: A Lost Decade in Stocks, Industrial Production, U.S. dollar, and Housing. How we Managed to Inflate and Destroy the Biggest Financial Bubble of our Generation.
It is fitting that we end the current decade just like we started it, with the bursting of bubbles. In the early part of the decade we were dealing with the fallout of the technology bust. That was quickly replaced by the even bigger housing bubble and that has now popped as well. The trillions [...]
Nov 17 2009
10 States with Underemployment Rates of 20+ Percent. Manufacturing Sector Employs Same Number of Workers that we did in 1940.
The average American family must look at the current stock market rally as some kind of cruel joke. We have people anxiously waiting for government funds or paychecks to clear at the end of the month so they can wait outside of a Wal-Mart shopping center at midnight to buy food once their funds clear. [...]
