The Long Lost City of Detroit: The Economic and Financial Pain of Motor City. How Detroit went from 1.8 Million to 912,000 Residents. 28.9 Percent Unemployment.
There is no other city in the United States that highlights the Achilles Heel of the current financial crisis like Detroit Michigan. Detroit Michigan had a booming population from 1870 to 1950. In 1870 Detroit had 79,577 residents and in 1950 Detroit had a stunning 1.8 million. The massive boom came with the growth of […]
35 Million Americans on Food Stamps: 12 Percent of U.S. Population on Food Stamps Highest Since Records Kept in 1969.
There are a few statistics that you can look at to see actual human pain in the real economy. You can look at the recent stock market rally yet even a 50+ percent rally is unable to create jobs or stem the economic pain of those at the lower end of the economic spectrum. Looking […]
The End of the Decade of the American Consumer. The Regime of new Austerity and Consumer Economic Feedback.
The American consumer has become addicted to easy access to debt. This has gone on for so long that debt is now as vital as air to the survival of our consumption based economy. This is probably no revelation to you or for those that you know. Yet the great taboo of American culture is […]
Breaking the Consumer: Exporting Empty Containers Declining. Consumer Credit is contracting at Rapid Pace. Is the Consumer Treadmill Showing Signs of Exhaustion?
If you know where to look, the American consumer is not buying into the U.S. Treasury and Federal Reserve great debt experiment. Port traffic is still declining and indicators show no sign of a major resurgence. If you look at the recent weak outbound pace of containers that are empty what we can expect is […]