Saving Money is Bad for the Economy: Personal Savings Rate Higher, Consumption Slightly Up, Banks get new American Express, and Markets Begging for Money.
Last month the savings rate hit the 5 percent mark. That makes two months over 4 percent and for the first time in a decade that Americans have actually saved more than 4 percent for two consecutive months. Saved 4 percent of what? Of their personal income. You would think that most people would be […]
Dow and S&P 500: Is 2009 a Redux of 1938 and 1939? Powerful Spring through Summer Rallies. Market on Track for best Month in Decades.
The recent market rally is going down in the record books. The S&P 500 is up 21 percent in a matter of 3 weeks, which is one of the strongest short-term rallies in the books. In fact, we are on track for our best month since 1987. Yet this rally has the ominous signs of […]
Banking Transparency Gone: The Federal Reserve has been Slowly Moving to more Archaic Forms of Creating Credit. New Plan Will Subsidize Casino Loans for Investors with Taxpayer Money.
While the public is exercising a Freudian fixation on the A.I.G. scandal, misguidedly thinking that A.I.G. is an American company in the sense of G.M. or Ford (it is not although many Americans see a Rorschach American company), the Federal Reserve just decided to increase its balance sheet by $1.2 trillion. This unprecedented action was […]
The Ports of America: Long Beach and Los Angeles Ports see Massive Drops in Cargo. The Concrete Mouth of Consumerism.
The port of Los Angeles and Long Beach are the two busiest ports in the United States. The port of Los Angeles is located in San Pedro Bay which is only a few miles away from the port of Long Beach. Make no mistake, these two ports are incredibly busy ports that provide the spine […]