Sep 23 2015

The increasing odds that you will die working: The extinction of retirement and the growing old age labor force.

I was greeted by an older gentleman at a local Target store.  He slowly smiled and said hello.  I nodded and said hello as he proceeded to greet other shoppers.  Leaving the store I was greeted by an older cashier.  Over the last decade, the retail labor force is seeing a growing number of older […]

Jun 6 2015

The crisis in housing: Not enough homes are being built and rents are outstripping wage gains.

There is an economic crisis happening in the housing market.  The working class is finding more of their wages sucked into the housing financial puzzle. Stagnant wages combined with rising home prices and rents are putting a lid on household formation.  It probably doesn’t help that many young families are caught in the low wage […]

May 29 2015

Inflation acts as a pickpocket on the wallets of working Americans: Young Americans take a big hit given the small weight given to tuition in the CPI.

Inflation is a very real thing.  The Fed continues to downplay the impacts of inflation to support their ongoing easy monetary policy.  What this has created is an inflated stock market and hot money chasing into other asset classes including real estate.  This wouldn’t be such an issue if your typical working American family was […]

Mar 18 2015

Fed doublespeak and the dismantling of the middle class: Fed states dropping “patient” word doesn’t mean it is impatient on rates. In 1970 roughly 7 percent of all income was earned by the top 1 percent. Today it is closer to 20 percent.

The Fed has taken a page out of George Orwell’s 1984.  Doublespeak is all the rage and the Fed’s statements are analyzed as if sifting for gold.  Even when they don’t do anything markets jump.  The Fed sets the tone on our debt addiction.  The Fed dropped the word “patient” in terms of increasing interest […]

Mar 3 2015

The 35 year drought in real wages for American workers: American workers really haven’t had a raise since 1979.

Economic recoveries take on a variety of shape and sizes.  With stock markets reaching new highs you would expect that some of the fruits of this boom would trickle down to American workers.  But some of the booming trends are continuing on the path of low wage labor and certainly, of turning people into contract […]

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