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 26 2013

The frightening lack of accounting transparency in the student loan market: New York Fed has student loan debt at $1.027 trillion while Fed Board of Governors in Washington has it at $1.214 trillion.

You see what you want to see.  This is the current state of the financial markets.  When a handful of observers were warning the Fed and multiple government agencies about the subprime crisis floating in the market, hardly anyone wanted to listen.  This is the same kind of accounting trickery that is now pervasive in […]

Nov 22 2013

The new American retirement nightmare: Many Americans find they are completely unprepared for retirement.

Starting in late 2010, we reached a threshold where baby boomers were reaching the age of 65 at a rate of 10,000 per day.  This will last into 2030.  What was once thought of as a retirement age is no longer the case.  The body has not evolved to adapt to financial circumstances but people […]

Nov 19 2013

The Red Queen’s race and the real winners from Quantitative Easing: Celebrating the five year anniversary of redistributing wealth to the top.

The Federal Reserve is celebrating its 5 year anniversary of Quantitative Easing.  As the stock market reaches record highs, it is useful to examine the real winners from QE.  Luxury good purchases have done extremely well during this period as income inequality in the nation has reached levels last seen during the Gilded Age.  Yet […]

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