Contagion and the viral spreading of debt based systems – CEO pay at regional banks surge on average to $10.5 million thanks to bailouts while austerity is forced onto the middle class.
The biggest economy in the world just reached a new peak with their unemployment rate. We are not talking about the United States but the massive block in the Eurozone. The unemployment rate in the 17 country block reached a new all-time high at 10.9 percent as austerity measures are being used to combat massive […]
Middle class dysphoria – What does the new American Dream look like? Inflated college tuition, lower home ownership rates, and compressed wages.
The American Dream was always tied to economic prosperity. The ability to work and save for a respectable retirement seemed cornerstones to this vision of middle class success. The idea that future generations would have it better seemed to also be part of this vision of economic prosperity. The last two decades have seen a […]
The cascading waves of debt implosion – 5 charts looking at debt leverage, velocity of money, and contagion impacts from the European crisis.
If you inject money out of thin air into the banking sector but no quality jobs emerge, is the result a success? The bailout mission statement revolved around keeping credit available for the American public. The absolute opposite has occurred. A massive internal credit deleveraging has been taking place but the banks have simply hoarded […]
The young and the jobless – Half of bachelor’s degree-holders under the age of 25 are unemployed or underemployed, in the US. Social Security short fall highlights deeper reality of economy.
The news for young Americans doesn’t seem to be getting any better. Earlier this week it was announced that Social Security will be running out of funds by 2033, three years earlier than expected. What this means if nothing is changed is that future retirees will receive only 75 percent of expected payouts. Not a […]