Dark Ages for a modern Middle Class – Modern day debt serfdom and rising prices not seen through the consumer price index. Coffee up 50 percent for the year.
Most Americans enjoy a good cup of coffee. Yet very few realize that coffee futures are now up over 50 percent for 2010. Creative packaging that includes smaller quantities but offers the same price helps delude many Americans into thinking their dollar still has the purchasing power of better days. This all occurs in a […]
The Federal Reserve plans on exporting the U.S. middle class abroad with Quantitative Easing II. QE1 cost $1.7 trillion and took the underemployment rate from 10 percent to 17 percent.
The Federal Reserve is entering uncharted territory with this second phase of quantitative easing. The public may or may not be aware that the Fed has already embarked on quantitative easing (QE1) and has grown their balance sheet by $1.7 trillion (that’s $1,700,000,000,000) by exchanging U.S. Treasuries for questionable assets including a shopping mall in […]
Real estate is a bad investment does not show up in Google News and other interesting housing trends – Strategic default searches went viral in 2010. Banks betting against American homeowners.
82 percent of American households have internet access. Of those with internet access, a large number are homeowners. The vast majority use Google to search for many things including foreclosure advice or investigating the real estate market. The online trends give of a sense of what is happening in the collective psyche of our country […]
Shipping the housing market overseas. Long-term housing prospects hinge on an economic recovery for working Americans first – No housing bottom until middle class recovers a foothold in the U.S.
The housing market can have no sustainable recovery without the employment market improving. It is incredible that over three years into this crisis that there has been little focus on coupling employment with housing. Banks argue that many are simply not paying their mortgage yet they want the Federal government to ease lending restrictions. Who […]