The erosion of purchasing power via inflation – Federal Reserve and the permanent portfolio.
Inflation has a subtle and quite way of eroding your purchasing power. The process can unfold slowly and before you know it you suddenly wake up realizing your paycheck no longer stretches so far. This is happening across the US in many ways. Those on very tight budgets, especially those now on food stamps are […]
Disappearing US labor force and goodbye to retirement – Adding 146,000 jobs while 542,000 drop out of the labor force. Understanding the changes in the unemployment rate.
The recent drop in the unemployment rate was largely due to the number of people dropping out of the labor force. I’ve noticed that more people in the press are picking up on the important nuances when it comes to the employment figures. For example, in the last month those “not in the labor force†[…]
Quantitative addiction and the allure of low interest rates – US paid $454 billion in interest payments alone in 2011. Equity in real estate for households cut in half.
Today I was looking at the total public debt outstanding and the current figure seems surreal. The total public debt outstanding is now up to $16.27 trillion. We’ve been on this path for many decades of spending more than we earn but the problem is we are reaching a peak debt situation. It is hard […]
Recession probabilities – For the 50 million Americans in poverty the probability of a recession is 100 percent. Growing economic divide for working class.
The probabilities of the US slipping into another official recession are growing. Don’t tell this to the 50 million people that are reportedly at the poverty level according to a new US Census report. This trend isn’t something new and it certainly is not going to be resolved overnight. We have nearly 47 million Americans […]