Americans are going to have their wallets rocked in 2016: 7.5 year global business cycle trumps central bank money printing.
Americans are already in the process of having their wallets devoured by shadow inflation and a system that is gutting the middle class like a turkey being stuffed for the oven. We’ve been in recovery according to various money oracles since 2009 but all we got was a drop in the homeownership rate, stagnant incomes, […]
The neo-Gilded Age: 62 richest people in the world have the same wealth as half the world. An economy for the 1 per cent.
The Gilded Age was a period in American history where the few had so much while the majority toiled away in pauper like conditions. One of the reasons often cited for the Great Depression was massive wealth inequality. Well today wealth inequality is at levels that rival the pre-Depression era. And for those of you […]
What is a middle class income in America? A lot less than you think and Americans are getting poorer by the day.
Questions around being middle class are coming up a lot in the last few years. This inquiry is coming up because people are grasping at straws trying to maintain a quality of life that reflects a middle class lifestyle but many have incomes that simply do not support their spending. Americans are set to become […]
The rise of the part-time and disposable employment army: Record number of people now employed in transient labor positions while good paying jobs remain stuck in the mud.
The headline employment numbers present a glamorous picture of the economy but one that is not based on reality. After all, you have over 94 million Americans not in the labor force and this growing army of people is helping to keep the unemployment rate low. And for a growing number of Americans those in […]