Jul 2 2013

Has the US lost control on debt market growth? Unbridled debt expansion at the nucleus of rising debt inequality in the United States. US total credit market debt now over 3 times larger than annual GDP.

There is one charge that can never be leveled against Americans and that would be that we somehow have an aversion to debt.  To the contrary, our love with debt has blossomed into a full blow addiction.  People confuse access to debt with actual real wealth.  However as the foreclosure crisis has taught millions, you […]

May 20 2013

Spend or be financially doomed: Idolizing the gods of consumption and stoking the fires of debt based speculation. Has the Fed crossed the line of no return?

The Federal Reserve has created the perfect environment where savers are chastised and debt based spending is glorified.  Our economic engine is powered by the fires of consumption.  This has been true for many decades.  What is different about our current space in time is the punishment savers are taking.  Many banks through savings or […]

Apr 2 2013

Casino economics: How the S&P 500 endured two 50 percent dips in the 2000s and sent the middle class packing.

It took the S&P 500 about 13 years to get back to where it was in 2000.  Of course the power of inflation has taken an even deeper toll on this trend.  The stock market is largely a spectacle for most average Americans.  It is a dramatic sideshow like going to the track and betting […]

Mar 12 2013

An economy of peak food stamp usage, peak Dow, and peak Debt: What does it say about our economy that at the same time the Dow Jones hits a peak, we have the highest percentage of Americans on food stamps?

It is a dichotomy that speaks to the current state of our economy.  Food stamp usage has peaked at the very same time that the Dow Jones Industrial Average is setting new highs.  Of course, the Dow is setting new nominal highs but still has a way to go to catch up to the eroding […]

Mar 3 2013

The Sequestered Gilded Age: Top 20 percent of households control over 90 percent of all stocks and financial wealth: Bottom 40 percent of all households have an average net worth of -$10,600.

Income inequality is now at levels last seen in the United States during the Gilded Age.  This was a time of incredible opulence for the few while the many struggled to get by.  There is even a story of a Mrs. Stuyvesant Fish throwing a dinner party to honor her dog that arrived wearing a […]

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