The EBT recovery – Food stamp cuts impact Wal-Mart: The consequences of a low wage recovery create a larger group of Americans living food stamp to food stamp.
This recovery is the most lopsided recovery the US has faced in more than a generation. Wal-Mart recently announced a big hit to their bottom-line because of the recent cuts to the nationwide food stamp program. Over 47 million Americans now depend on food stamps to get by on a monthly basis to feed their […]
US households cannot avoid soft default consequences of deleveraging: While US households continue to unwind debt total public debt soars out of control.
The US is walking in a financial minefield. The recent government shutdown simply highlighted the mega dysfunction in our Congress run by millionaires. The government is in a deep capture by large financial interests. The IMF now has an indicator looking at household debt measured against GDP. Since the recession, US households have undergone a […]
Means-Tested recovery: Over 108,000,000 Americans received means-tested benefits in latest report from Census Bureau, more than are currently employed full-time.
The Census Bureau released some interesting data in October. One of the pieces of data that we knew was coming was the continuing decline of household income. This decline is in line with the growing income disparity that is occurring in the US. Another piece of data made this trend abundantly clear. The comprehensive data […]
Blue pill of debt exchanges temporary increase in debt for inflation: Taking the blue pill of a fabricated world addicted on debt as US standard of living hits 10-month low.
Most of you have seen The Matrix where Neo is given the choice between taking the blue or red pill. The red pill would allow Neo to escape The Matrix and enter reality whereas the blue pill would allow him to stay wandering in the fabricated world of the Matrix. The US government in essence […]