Dec 19 2013

Middle class acquiesces through the looking glass of financial mediocrity: The financial system continues to pillage the wealth of working and middle class Americans.

2013 can be remembered as a year where the markets fully disconnected from Main Street.  The trickle down promises are all empty and hollow words.  For example, we had one of the best stock market rallies ever yet most Americans are not seeing any wage growth.  The housing market boomed but more than 30 percent […]

Dec 13 2013

A Gilded Age built on debt for modern day financial aristocrats: Fed reports record for household net worth only problem is that most people do not own financial assets.

The Fed recently reported that US households reached an all-time record high when it comes to their net worth.  A record $77.3 trillion net worth figure was reported with $7.65 trillion of this growth occurring over the last 12 months.  The only issue here is that most Americans do not own any financial assets.  The […]

Dec 10 2013

Sheltered banks do not trust broke American public: Too big to fail securely in place while business inventories surge to record levels.

Tracking consumer spending we find that industries subsidized by easy debt are growing at dramatic levels.  These include student debt and auto loans since most Americans simply do not have enough saved up.  Many have nothing to their name.  The student debt market has grown dramatically this year again largely due to the reality that […]

Dec 3 2013

Top 10 percent of US households control nearly 75 percent of all wealth – Average Americans pretend to be temporarily embarrassed millionaires by going further into debt.

We currently exist in a land of financial contradictions.  US household incomes adjusting for inflation are back to levels last seen in the late 1980s.  However, holiday spending is going strongly largely by people going into big debt.  Many are going to be paying for the holiday season of 2013 deep into years to come.  […]

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