QE3 into infinity and stagflation – Federal Reserve now purchasing over 50 percent of MBS and planning on buying $40 billion per month into infinity.
The Federal Reserve is playing with financial fire here. The last employment report was terribly weak and no amount of spinning can make it good. The drop was largely based on hundreds of thousands of Americans dropping out of the labor force. Is that really a positive sign? Last week we received data from the […]
The swan song of stagflation – Gas prices up over 100 percent from 2005 and incomes are stagnant. Ignoring a $16 trillion debt headline and repackaging food to hide stagnant incomes.
If you look around your daily life you realize that your purchasing power is losing value. For a few decades now the middle class in the United States has demonstrably shrunken like clever food packaging. Over the last forty years we have lost 10 percent of our middle class. Most have fallen into the lower […]
Student debt crisis enters a tipping point – Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
The great deleveraging event continues to unwind while one sector of debt continues to grow by leaps and bounds. While other forms of debt have fallen by $1.6 trillion since the peak of the debt bubble mania, student loan debt has increased by a stunning $303 billion since the third quarter of 2008. What is […]
China enters unfamiliar economic territory with rising inventory – Contraction in China’s manufacturing sector now inching closer to one year. What does this say about the global recovery?
China is feeling the deep impact of the global slowdown. The country has seen unprecedented growth for the last few decades and is now entering into a very unfamiliar territory. Slowing demand. Data is reflecting that the slowdown on exports from places like the US and especially Europe is having an impact in their very […]