European Union reaches highest unemployment rate since crisis started – Spain hits 25 percent unemployment rate for first time. The missing EU crisis headlines.
During the height of the US Great Depression, the unemployment rate stood at 25 percent. This was a devastating experience for our economy and shifted policies and geopolitics for decades to come. So when you have the European Union, the world’s largest trading bloc with two countries experiencing unemployment rates of 25 percent people should […]
Young, educated, and deep in debt – College debt over 18 percent of all consumer debt. Half of college graduates under 25 are unemployed or working in a field where no degree is required.
I doubt anyone is opposed to education or advancing your knowledge in life. Who can oppose something so valuable? Now this lofty aspiration is great but becomes problematic especially when the cost of higher education has gotten so expensive. How expensive you ask? The fact that we have over $1 trillion in student loans outstanding […]
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 […]
The tipping point for global debt – total global needs to grow to $213 trillion by 2020 just to sustain current growth.
Every so often markets forget that too much debt is a bad thing. We are already seeing inflation in many items and the standard of living being pushed lower for many Americans thanks to policies that crush the US dollar and allow the Fed to expand its balance sheet without congressional approval. There are consequences […]