Middle class retirement now largely a postcard fantasy – How Wall Street fabricated a buy and hold fairytale and jumped ship with taxpayer golden parachutes. Did baby boomers think about who they would be selling those 401k and pension stocks to?
The days of dreaming about long days playing golf on a green course and taking luxurious cruises around the world are appearing more and more like a foggy memory for those in the middle class planning for retirement. As Wall Street bankers and hedge fund managers rob the public blind, the mission statement sold to […]
A banking system built on lies and deception – Hiding commercial real estate losses by laundering bad loans through the Federal Reserve. Trillions of dollars in bailouts were made while banks told the public all was well.
Part of the massive challenges facing our brittle financial system is the opaque and secretive nature of the Federal Reserve. It is difficult enough to confront a challenge with all information present but make it purposely convoluted and dark and we have a crisis of historical proportions. The recent market volatility is simply a dire […]
The rise of the new gilded age – Massive market volatility is a dramatic sign of an unhealthy economy – 14 of the 28 biggest percent declines since 1950 in the S&P 500 have come after 2008. Two of those volatile days have occurred in August of 2011.
Massive stock market volatility is not a good sign for the economy and like an EKG is telling us something is troubling the heart of the nation. The most tumultuous times in the stock market have occurred during times of great economic uncertainty. August of 2011 has quickly brought back the troubling memories of 2008 […]
The four horsemen of the middle class apocalypse – what does it say that we as a nation bailed out the financially wealthy too big to fail banks yet failed to bail out the middle class?
What made the U.S. the envy of the world was the belief that if you worked hard enough and had the right kind of grit and intelligence that you would be able to enjoy the fruits of your labor. This is what built the solid middle class after World War II. The majority of people […]