The food stamp economic recovery – Food stamps increase by over 600,000 in last month of data. GDP at record levels yet US employment is 4 million below start of recession.
There was a startling figure that came across my desk from the United States Department of Agriculture regarding food stamp usage in the SNAP program. Food stamp usage has grown dramatically in the last decade even during the debt inspired boom times. Yet the devil is always in the details as we reported with the […]
Engaging debt spiral – Spillover to US market from record European Union Unemployment – US exports over $260 billion to Europe every year. Why is the EU crisis no longer in the US press?
It is hard to tell why the European Crisis fell out of favor in the US media. The EU is the largest economy in the world punching in over US$17 trillion a year in GDP. The idea that things have been saved is clearly not the case. Sticking your fingers deep in your ears is […]
Smoke and mirrors economy – 47 percent of the members in Congress are millionaires. 67 percent of Senators. Fed and Treasury money close to $7 trillion.
The Federal Reserve is really deep into uncharted territory. In no other time in history has the Fed been so intricately involved in the overall economy. The Fed balance sheet has expanded to an incredible level under very little scrutiny by the public or elected officials, many who have a vested interest in keeping the […]
A nation in the pangs of deleveraging – The long-term trend of a declining dollar and a collapsing middle class.
As Americans go out to vote many go blissfully unaware of the reality that our total public debt is now above $16.2 trillion. If your only source of information was the mainstream press this fact rarely came up in any debates or journalistic investigations. The discussion of stagnant household income never even came up in […]