How Americans go poor by spending money on housing and related expenses: Americans spend 33 percent of their income on housing-related items.
People tend to think that buying a home means only paying principal and interest. Most conveniently forget the other myriad of expenses associated with being a homeowner. As Americans find less disposable income in their bank account each month, less Americans are becoming homeowners. The middle class is moving away from the American dream because […]
The stock market correction has arrived: Massive global volatility, central bank wizardry, geo-political instability, and people finally realizing how overvalued the market has become.
The stock market is finally reflecting the true nature of the global economy. There is massive geo-political instability, central bank double-speak, and a growing trend of low wage labor. In the US, it is no surprise that subprime auto debt has grown at an outstanding pace simply because people are too broke to finance a […]
The stock market is finally recognizing severe global volatility: Stock market has worst performance in two years.
Volatility in the market came roaring back this week. Stocks had their worst weekly performance in two years. It was hard to understand given the interconnected nature of the markets how little of an impact was being had in US stocks when global markets and governments are facing dramatic challenges. The markets are slowly coming […]
Those not in the labor force but looking for a job now rose last month: The funny numbers behind the unemployment rate.
Those “not in the labor force†Americans continues to expand while the headline unemployment rate continues to decline. Some pundits will try to argue that this number does not accurately portray those looking for work. Well how about a category called “not in the labor force, want a job now†for categorizing those looking for […]