The death of retail: What do RadioShack and J.C. Penney say about the future consumer economy? Low wage retail work to take a hit.
RadioShack recently announced that it will be closing 1,100 of its 5,000 stores. Holiday sales were dismal and shares were pummeled dropping by 24 percent. The problem of course is that these 1,100 store closures will result in many Americans out of jobs in one of the biggest employment sectors in the country, retail. Yet […]
Why the stock market is a sham for regular investors – Based on historical price to earnings ratios the stock market is overvalued by fifty percent. Only half of Americans own any stocks.
The stock market is largely seen as a barometer of economic health to the US economy. Turn on any business program and they report market prices as if reporting on it being a sunny or cloudy day. The financial markets are fully juiced on our current debt based system. Unfortunately it is taking more debt […]
How crony capitalism is harming the economic prosperity of young Americans: College tuition up 1,140 percent since 1978 and wages are stagnant.
When you live life as a hammer, everything must appear like a nail. So when our economy is run and operated by the financial industry, everything must appear like a casino just asking for it in terms of speculation. Such is the state of affairs in a crony capitalistic system. The term gets thrown around […]
Why millions of Americans will never retire: How the prospect of retirement went from a realistic goal to an outrageous dream for most American families.
Retirement was presented to many Americans as some kind of middle class rite of passage. It was odd to see so many fall under the spell of easy riches and generous retirement math presented to the public from the Wall Street financing machine. Many saw retirement as a distant object so far into the future […]