Sticking it to small business – Small firms charged an average of $3,224 per month of business expenses on credit cards. Yanking the credit card from small business. $40 billion less to small businesses in Q1 of 2010 compared to 2008.
42 million Americans work in firms that have 99 employees or less. We are often told how vital small business is to the health of our nation’s economy. Usually this rhetoric is given to us by banks and Wall Street yet recent data shows a very different attitude. Words ring hollow when it comes to […]
American middle class slowly disappearing under mounds of debt – How Wall Street and government sucked working and middle class Americans into perpetual debt serfdom.
People quickly forget about the nearly 1,000 point “flash crash†brought on by glitches in the Wall Street casino machinery. Still no sensible explanation has been given but today the stock market now stands below the flash crash moment. The middle class is witnessing the largest wealth transfer in history take place and it is […]
Stock market volatility reflects a weak economy and the end of a generational bull market. S&P 500 back to 1998 levels. Middle class thrown to the wolves in this stock market.
The economic crisis has ushered in the end of a generation long bull market. Most average investors ignore the fact that heavy market volatility is a sign of an unhealthy stock market. The stock market since the lows reached in 2009 has been on an unstoppable bull run. Yet the real economy where most Americans […]
Taxes coming for $1 trillion in commercial real estate. 1.2 million partnerships own over $1 trillion in CRE. Too big to fail dumping CRE debt.
The problems for commercial real estate are deep and significant and have the potential of stifling any sort of recovery. Rather than looking at commercial real estate (CRE) as a reason for more stimulus or bailouts the question should examine why so many CRE locations are defaulting. Can this be a sign that demand for […]