The consequences of bubblenomics: Fed balance sheet increases to $3.5 trillion, negative interest rates since 2009, and part-time employment at record high.
While the Federal Reserve mumbles about tapering back quantitative easing, the balance sheet the Fed is carrying tells us an entirely different story. The latest report shows that the Fed has grown its balance sheet to a stunning $3.5 trillion. The ability to travel with an economic blindfold has been a strategy the Fed has […]
Has the US lost control on debt market growth? Unbridled debt expansion at the nucleus of rising debt inequality in the United States. US total credit market debt now over 3 times larger than annual GDP.
There is one charge that can never be leveled against Americans and that would be that we somehow have an aversion to debt. To the contrary, our love with debt has blossomed into a full blow addiction. People confuse access to debt with actual real wealth. However as the foreclosure crisis has taught millions, you […]
The banking system’s methodical way of punishing savers: How punishing savers is encouraging a low savings rate and high levels of debt.
Would you be motivated to save money if your rate of return was 0 percent? That is the situation facing many Americans looking to put their hard earned dollars into the current banking system. Underlying the zero percent stated rate however is the reality that the real rate is closer to negative three percent given […]
A wing and a prayer retirement plan: Two-thirds of Americans are not saving enough for retirement. Income inequality at record levels in the US.
It is interesting to see what passes for financial journalism in the press. This morning a guest was on one of the major news stations and she was mentioning that Americans need to save $1 million or more to retire comfortably. In the next sentence, she mentioned that two-thirds of Americans don’t even save enough […]