What European Recovery? Unemployment at record high and debt only keeps reaching more unsustainable levels. Italy’s Debt to GDP crosses 125 percent.
I never understood why so many people bought into the notion that the European Union was recovering. If recovery means that a handful of well-connected bankers are bailed out with financial smoke and mirrors instead of facing reality while placing crushing austerity on the public, then yes, maybe a recovery is what was experienced. As […]
Part-time America: How we increased our part-time for economic reasons workforce by 4 million people since the recession began. Healthcare costs encourage low wage employers to hire more part-time employees.
The rise of part-time employment in the United States is part of the low wage system that is spreading throughout the country. Part-time workers are cheaper to hire and easier to fire. You also avoid paying benefits from a healthcare system that is seeing skyrocketing costs. Prior to the economic crisis, the number of Americans […]
Crossing the debt Rubicon. Does debt even matter? Over $5 trillion in Federal debt now held by international and foreign investors.
In most economic literature there seems to be a tipping point at which a nation enters a precarious state in which too much debt has been taken on. A typical point occurs when a country hits a point where annual GDP is surpassed by total outstanding debt. We recently crossed that threshold. Another long-term trend […]
The difference between investing in the dollar store economy and living in it: 20 percent of Americans now receiving food stamps. Dollar stores become a growth industry and top one percent gobble up all income gains after recession.
Lost in the tireless cheerleading for the stock market which in reality, is largely a sophisticated sham for most Americans, we had a report from the Department of Agriculture that should put things into perspective. In the latest release of data for November 2012 (released in February 2013), the report noted that 141,067 Americans were […]