Dark Ages for a modern Middle Class – Modern day debt serfdom and rising prices not seen through the consumer price index. Coffee up 50 percent for the year.
Most Americans enjoy a good cup of coffee. Yet very few realize that coffee futures are now up over 50 percent for 2010. Creative packaging that includes smaller quantities but offers the same price helps delude many Americans into thinking their dollar still has the purchasing power of better days. This all occurs in a […]
Las Vegas city has 3 times the rentals of Los Angeles city and L.A. has 6 times the population – U-Haul rate trends and home sales higher in Las Vegas than peak months of the bubble driven by absentee investors.
The Las Vegas housing market expanded and popped the quickest and highlights the gambling euphoria that engulfed the housing bubble. The housing market in Las Vegas has served as an albatross to drag the state of Nevada down to the point that now the desert state ranks as number one in unemployment nationwide. One of […]
The Federal Reserve plans on exporting the U.S. middle class abroad with Quantitative Easing II. QE1 cost $1.7 trillion and took the underemployment rate from 10 percent to 17 percent.
The Federal Reserve is entering uncharted territory with this second phase of quantitative easing. The public may or may not be aware that the Fed has already embarked on quantitative easing (QE1) and has grown their balance sheet by $1.7 trillion (that’s $1,700,000,000,000) by exchanging U.S. Treasuries for questionable assets including a shopping mall in […]
Debt U – 4,800 colleges and universities in the U.S. and many are putting students into massive amounts of debt. The higher education bubble is getting to a point of bursting.
A few months ago a troubling milestone was passed. In the United States college loan debt outstanding has surpassed credit card debt. As of June 2010 $829 billion in student loan debt was outstanding compared to $826 billion in credit card debt.  Higher education by looking at a handful of metrics is clearly in a […]