Is the stock market overvalued by 50 percent? PE ratios out of sync with fundamentals underlying the economy. Not in labor force group in US increased by 15 percent since recession ended.
How quickly people forget financial history. Those investing in the stock market since 2009 have grown accustomed to a market that only moves in one direction. They are also addicted to a system built off crony financial leverage that has largely locked out the vast majority of the public. This system has created wealth inequality […]
A Gilded Age built on debt for modern day financial aristocrats: Fed reports record for household net worth only problem is that most people do not own financial assets.
The Fed recently reported that US households reached an all-time record high when it comes to their net worth. A record $77.3 trillion net worth figure was reported with $7.65 trillion of this growth occurring over the last 12 months. The only issue here is that most Americans do not own any financial assets. The […]
Top 10 percent of US households control nearly 75 percent of all wealth – Average Americans pretend to be temporarily embarrassed millionaires by going further into debt.
We currently exist in a land of financial contradictions. US household incomes adjusting for inflation are back to levels last seen in the late 1980s. However, holiday spending is going strongly largely by people going into big debt. Many are going to be paying for the holiday season of 2013 deep into years to come. […]
The froth before another stock market crisis: Stock market is overvalued by 27 percent based on historical price to earnings ratio.
The stock market has once again become an overvalued casino where only the large financial players can use massive leverage to enjoy short-term rewards. Even looking at historical price-to-earnings (PE) ratios we find that stocks are dramatically overpriced. Yet the stock market is a sham for most Americans. In fact 53 percent of Americans don’t […]