The global addiction of central banking stimulus – Contagion spreads to Spain as 10-year edges to 7 percent. Life in a perpetual quantitative easing world.
Financial markets around the world are now desperately dependent on central bank stimulus. The US recovery is largely dependent on the Federal Reserve funneling loans into the system via the quantitative easing process and other archaic forms of money development. It is interesting how the Greek stock market rallied this week merely on the notion […]
Educated and unemployed – majority of unemployed Americans attended some college. Top degrees in fields with little employment demand.
The higher education bubble is racing along to a tipping point especially when the value of a college education is now being questioned on multiple fronts. One of the more prominent arguments being thrown around is the return on investment or value of a college degree especially when the costs of attending a private institution […]
Using the young as a shield for hitting the deficit spending wall – the bill will come due for the young. Government spending prioritizes old American immediate needs and will send the bill to the young.
The level of government spending is mind boggling but has taken a backseat to the issues being experienced over in Europe. We are running trillion dollar deficits as if this was somehow customary in our history. For each dollar spent we are seeing less of a result in the real economy. Part of the issue […]
The curious calculus of the US employment numbers – Decline of 2.4 million in extended and emergency unemployment benefits coincides with 2.2 million rise in disability benefits. Last time we had 8.1 percent unemployment rate we had 14,000,000 fewer Americans on food stamps.
The math on the employment situation in the US simply does not compute. Over the last few years, many have escaped the employment market by diving into massive student loan debt. This looks good for the employment figures since these people are not counted as part of the workforce.  The headline unemployment rate of 8.1 […]