Federal Reserve slaps on financial rocket boosters but who will benefit? Half of Americans spend more than they make and household incomes fall back to levels last seen in 1995.
The Federal Reserve announced the sequel to the sequel on Thursday with Quantitative Easing 3. After all, if something didn’t work the first time might as well rinse and repeat. The markets are rallying yet what has come from the QEI, QEII, TALF, TARP, and all of those other backdoor bailouts? What has resulted is […]
Welcome to the land of the poor and rich – Trading the middle class for economic extremes.
The extremes in the US have gotten more pronounced in this economic crisis. It is hard to imagine a country where 46 million people are living with the assistance of food stamps while 6 of the 400 top income earners pay no federal tax. I’m sure that just like most Americans you pay your fair […]
Long live the debt ceiling – approaching the fiscal cliff by spending $1 trillion more than is being taken in. A breakdown of government spending and revenues.
History does love to repeat itself especially when it comes to debt bubbles. At the rate the US government is burning through money, we are likely to breach the debt ceiling limit even before we enter 2013. We’re about $400 billion away from the $16.39 trillion limit but considering we’ve already spent $700+ billion that […]
A crushing blow to male earnings – From 1969 to 2009 male earnings have fallen by 28 percent. The slow decline of the American middle class.
The contraction of the US middle class continues to roll along. There are major generational rifts that are hitting the economy. For example between 1960 and 2009 the number of men working fulltime has fallen from 83 percent to 66 percent. A large number of people are categorized under “not making formal wages†and this […]