Kabuki financial theatre – Congress net worth up 15 percent from 2004 to 2010 while the average American sees their net worth decline by 8 percent in the same timeframe. Welcome to plutocrat USA.
We truly have the best government money can buy. From 2004 to 2010 members of Congress increased their median net worth by 15 percent while the average American saw it fall by 8 percent. Yet this fall in net worth does little justice to the rising cost of food, energy, healthcare, and college expenses that […]
The calm before the student loan bubble bursts – For-profits make up 9 percent of student enrollment yet produce 27 percent of all private loans. The inevitable pop of the student loan bubble.
The worth of a college degree has now come into question because of the massive student loan bubble. An education is vital yet the monopoly on knowledge has been turned upside down with readily accessible information through technological changes. What is odd however is during a time of knowledge access ubiquity you have a field […]
What is the median household income in the US? A crisis spanning multiple generations and the taboo of household income.
Household income is a taboo topic even though people have a visceral enjoyment of spending their hard earned money. As we go out and spend during this holiday season many people have absolutely no clue what other family members or neighbors make. Some would argue that household income is absolutely private and I would agree […]
8 charts from a brave new banking and economic system – Federal Reserve refutes bailouts yet fails to address inflated questionable assets on their balance sheet. Do you think a $7 billion insurance fund can support the $9.7 trillion in deposits at U.S. banks?
The Federal Reserve has been going back and forth with reporting from Bloomberg regarding the massive bailouts and loans made to the financial sector during the crisis. What is rather astonishing is the ability to discuss trillions of dollars of loans made to largely irresponsible financial institutions with absolutely no oversight. Like an angry couple […]