Wall Street rally based on fantasy valuations and investment banking trading – S&P 500 back to 2007 valuations and up nearly 100 percent from March 2009 trough.
Wall Street has a way of sucking people back into a money losing vortex. With hedge funds using high frequency trading boxes the public has no chance in competing with these organized and sophisticated gambling casinos. It is amazing how quickly people forget. It was only in March of 2009 that the S&P 500 hit […]
Financialization Era – how banking welfare captured our economy and ravaged the wealth of the working and middle class. Building profits through financial debt leverage.
The American banking system has transformed the economy into one enormous speculative casino with bells and whistles and free cocktails for those that participate. The problem of course is that most don’t have excess income to drop into the financial slot machines. Now banking in better times should be seen as the lubricant of the […]
Economic chicanery – Social Security financial headwinds, another 395,000 Americans added to food stamp assistance in latest month of data, and manipulating the unemployment rate.
The dichotomous American economy is cracking like old paint into two distinct factions. For a few solid decades after World War II we had a burgeoning middle class, a smaller financial elite, and those who still struggled financially. The main objective however was to get as many people into the secure middle class. Today the […]
Federal Reserve openly aiming for inflation – The Fed looks for a sequel in punishing the U.S. dollar and hopes to inflate debt and the middle class away.
The Federal Reserve has painted itself into a very narrow and troubling corner for most of working and middle class America. The massive debt problems on hand have no realistic way of being paid off and the best path in the eyes of the Federal Reserve is to slowly inflate away the currency and debt. […]