Credit Card Debt Obsession: Americans Unwilling to Give up Plastic. Bankruptcies and the Credit Card Addiction.
The banking crisis with mortgages at the center, has taken much of the economic headline news over the past two years. Yet there is a brewing problem in the credit card markets. Credit card debt is now becoming another bubble itching to burst. The meteoric rise in bankruptcies is simply a reflection that Americans have […]
Depression Level Unemployment: 40 Percent Unemployment in the U.S.? Top 12 MSA Unemployment Regions Located in California. The Only 2 MSA Regions with 20 Percent Unemployment Exist in California.
Statistics have a way of being cold and unsympathetic to the plight of the numbers they represent. That is why when we hear that our national unemployment rate is 8.9 percent, there is little cause for alarm from the headline. Yet when we parse the data we realize that 25,000,000 Americans are unemployed or underemployed […]
FDIC Banking Report: 305 Troubled Institutions up from 90 in 2008. $13.5 trillion Assets held with 2.1 Million Employees at 8,200 Institutions.
The FDIC is facing the highest amount of bank failures since the early 1990s. To calm Americans the government in 2008 upped the amount secured at FDIC institutions from $100,000 to $250,000 for each customer account. Yet losses have been so deep that in the fourth quarter of 2008 the Deposit Insurance Fund (DIF) quickly […]
U.S. Dollar Only Down 2 Percent for the Year. Since the Crisis Started in August of 2007, the U.S. Dollar is Unchanged. Yet the Dollar is Down 33 Percent Since the Start of the Decade. The Currency Race to the Bottom.
People have a hard time grasping that given the tumultuous market of 2009 and all the liquidity being funneled into the market by the U.S. Treasury and Federal Reserve, that the U.S. Dollar has only fallen 2 percent for the year. What is even more surprising to many is the U.S. Dollar has remained unchanged […]