The systematic financial pillaging of the middle class – Millionaires don’t feel rich unless they have $7.5 million while 45 million Americans live on food stamps. Another 50 percent cannot come up with $2,000 in the next 30 days.
For over 30 years the debilitating shrinkage of the middle class has been papered over with access and use of debt. Debt in every form; mortgage debt, credit card debt, auto loans, and student loans. Yet debt is not wealth. Americans are facing a financially nightmare where 1 out of 3 has no savings. This […]
Stealing from Americans via strip malls and raw land – Commercial real estate reaches a new post-bubble low. A lost decade in commercial real estate values.
The commercial real estate (CRE) bubble is popping with dire consequences. It is not uncommon for people to be in the complete dark when it comes to CRE. Just ask a friend or family member what they know about the CRE market. The mainstream media has absolutely failed to report on this $3 trillion market […]
The destruction of the middle class will not be televised – 56 percent of American workers have less than $25,000 saved. Even worse 60 percent of retirees have less than $50,000 saved. 45 million on food stamps and the consequences of peak debt.
The disappearance of the middle class will not be televised. Don’t expect your favorite talking head to relay this information to you. At the core of our economy we have become a consumption nation. This necessarily isn’t negative if we were to balance out the opposite side of the equation with adequate savings. It would […]
Serfdom via student loans – Lenders going after Social Security and saddling college graduates with a debt albatross. Modern day debtor’s prison comes with a University degree.
The sharp attention being pointed toward higher education is important for a variety of reasons including the grim reality that we are facing another extraordinary bubble. Instead of blindly following into another credit fueled bubble we should probably pause as we cross the $1 trillion student loan threshold. The cost of education is becoming onerous […]