The compression of generations – 25 million adults live at home with parents because they’re unemployed or underemployed. The crushing cost of a college education today.
The thought of moving out on your own and making your individual way in the world is very much an American trait. Certainly movies and television shows almost always assume every American has moved out on their own once adulthood is reached. What this recession has taught us is never take anything for what is […]
Cascading risk and economic headwinds – 5 charts examining the coming financial challenges for the American economy. Inflation is much higher than you would expect but Federal Reserve orchestrating greatest banking bailout in history.
The American economy appears on the rugged surface to be stabilizing but only if you fail to look under the hood. Today, we have a record 46,000,000 Americans on food stamps. Many of these people were once moving into the middle class but were launched off the economic treadmill. The banking syndicate that caused the […]
The day of reckoning for global total debt – total credit market debt up from $28 trillion in 2001 to $53 trillion in 2012. US consumer debt went up in last few months but largely because of giant amounts of student loan debt taken on.
You have to really question what passes for financial analysis these days. One financial show was discussing the recent increase in consumer debt as something positive. In the same breath this person also said that households increased savings. Now think about this statement. If you financed a $2,000 vacation on your credit card but increased […]
The banking protection racket – 5 charts highlighting the laundering and dismantling of the middle class. New methods of looking at employment. Peak debt and tweaking statistics.
Part of the crushing blow to the middle class is the misinformation being lobbed out as good economic news. For example, inflation is increasing yet the average American worker pulls in $25,000 per year. You also have the civilian population ratio still at levels last seen three decades ago. It depends on how you look […]