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 […]
Zero effective policy and stalling QE3 – Why QE3 will have little financial impact if implemented. Deposits at US commercial banks quickly approaches $9 trillion.
The markets eagerly await the words of central bankers over the next few days. The markets are on the fence waiting to see if Ben Bernanke gives the green light for QE3. What many fail to realize is the Fed already has other mechanisms to force banks to lend in the current marketplace. First, there […]
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 […]
Ph.D. in food stamps – the rise of food stamp usage among those with advanced degrees. Record number of households on food stamps.
t is hard to declare a recovery when a record 22.3 million households are now on food assistance. The latest data shows that 46.5 million Americans are still relying on SNAP, the food assistance program, to get by each month. Since this data lags, we see that in May we added 77,000 jobs but added […]