Government Tax Receipts Down 20 Percent Year over Year: Wall Street Banks Earning Billions. The Unsustainable Economic Course.
The Congressional Budget Office puts out a long term analysis examining the economic health of the United States each year. In major recessions like the one we are in right now, these reports provide a projection into the future but the most important indicators like taxes are in a state of flux. It is also […]
The Disappearing Middle Class Dream – How the Average American is coping with the Recession: Savings, Banking, Housing, and Investing. Over 50 Million Households Living on $52,000 or less a year.
Last month the American Community Survey detailed the painful 2008 year for American households. This is a comprehensive survey looking at multiple financial, economic, and social characteristics of Americans. What we find is that the average American is having a tougher time maintaining a hold on the middle class dream. This isn’t a revelation but […]
U.S. Dollar fell 35 Percent Over 18 Years from 1984 to 2002 – The U.S. Dollar then Dropped Over 40 Percent from 2002 to 2007: How the Dollar is Being Systematically Devalued since the 1980s. 5 Reason why a Weak Dollar is bad for America.
The U.S. Treasury and Federal Reserve have kept quite in recent months about any strong dollar policy. Last time Timothy Geithner was in China he was laughed at by students when he insinuated that the U.S. would get its economic house in order. The Chinese students realize just like most Americans do, that the U.S. […]
Economy Losing 11,000 Jobs per day since December of 2007. 824,000 Jobs Lost in Statistical Revision: 8 Million Jobs Lost Since Start of Recession. Nationwide Unemployment Rate at 17 Percent.
Since the start of this deep recession back in December of 2007 some 7.2 million jobs have been lost in the official BLS reports. The official non-farm employment has dropped from 138 million to 130 million. Think of it this way, for 21 months we have lost on average over 11,000 jobs per day. As […]