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 […]
Major Trends in Employment: College Graduates Now Facing Higher Unemployment, U-6 Rate now at 14.8%, and 4.3 million jobs lost during this Recession.
The BLS has put out its monthly employment report and the data is once again showing weakness in the U.S. employment market. What we are now seeing is conformation that this will in fact be the deepest and longest recession since the Great Depression. What is more troubling is in light of the multiple bailouts […]
Gas Prices going up and Bailing out a Hedge Fund: Why the Average American is Getting Bailout Fatigue. TALF a bailout for Corporations under guise of Lending for Average Americans.
Most Americans are having a challenging time digesting the bitter fruit of all the financial news coming from Wall Street and D.C. It is hard for many to wrap their brains around what is going on. In fact, today Ben Bernanke just stated that AIG was operating like a hedge fund. Which of course begs […]
Is the California True Unemployment Rate at 18.47 Percent? The 10.1% Headline Number is the Highest Rate in Over a Quarter Century. 1.8 Million Workers Unemployed in one State. How Many are Partially Employed or Have Given up Looking for Work?
California is a microcosm of the entire United States. The most populous state with a GDP of $1.8 trillion, much of what happens in California does spread throughout the country. California’s employment situation is deteriorating at a breathtaking speed. The latest employment numbers were released after the bell closed on Friday, which now seems to […]