Inflation by any other name – Rising rents have pushed up the CPI to highest monthly change in three years. Shifting the Fed bailouts onto the working class and poor.
The Consumer Price Index (CPI) attempts to measure the change in price for a basket of American goods and services. I say attempts because measures like the “owner’s equivalent of rent†are simply an estimation as to what a home owner’s place would rent for. In the early 2000s with home prices surging, it missed […]
The math on US income – if you call something the middle make sure you are using math. The surprising details on median household income and per capita wages.
People have a hard time wrapping their minds around household and personal income.   It is an easy enough concept to understand but some throw around terminology that confuses the facts. For example $250,000 is not middle class income if we define it from a strictly mathematical model. The median household income in the US is […]
Standard of living, meet falling US dollar – how a falling US dollar benefits banks at the expense of working Americans.
There is certainly a cost to a falling US dollar. Many Americans are living the consequences of this multi-decade long trend. The Federal Reserve has only added fuel to this trend but many families are now realizing that there does come a cost to unrelenting debt based solutions to fiscal problems. Shopping at the local […]
Who controls the wealth in the US? Western countries expand balance sheets at the expense of their younger population.
If the debates reflected the true interest of what Americans have on their mind the entire debate would revolve around the slow erosion of the US middle class. Yet this is something that will only be a footnote and for any discussions that do come up the specifics will be lacking. The reality is we […]