Financial trends of the new American economy – Higher educated workforce with harder time finding and keeping jobs, median retirement account for Americans at $2,000, global stock market growth, and housing bust covering up inflation in other areas.
The Great Recession is revealing some fundamental challenges in our economy. One of those challenges revolves around the exceedingly expensive college degree and its ability to translate into employment. As a percent many more American’s have a bachelor’s degree today than say in 1992 yet unemployment for college educated Americans is at modern record highs. […]
A lesson in college debt – Student loan debt increasing at a rate of $170,000 per minute. Student loan debt will hit $1 trillion in 2012. For-profit schools take the place of subprime mortgages.
College loosely defined is an educational institution or as we are now seeing in the US a place where young people go to dive into a pool of debt. A college education was never a guarantee to a lucrative and well paying career. In a time when the middle class was more robust college was […]
FDIC and US banking industry continued insolvency – 11 percent of US banks are labeled as troubled financial institutions. CEO on the record of exporting American middle class.
The US banking system is largely a system based on consumer confidence. You would require the confidence of Zeus if you had $13.3 trillion in assets backed by an FDIC Deposit Insurance Fund (DIF) that is practically insolvent. Even as the stock market solidly recovers to the green the state of the average American’s financial […]
Federal Reserve welcomes a Brave New Economy – how the Fed is robbing the public in open daylight. Maiden Lane Special Purpose Vehicles purchased toxic mortgages like option ARMs and commercial real estate.
The global economy seems to be facing a Brave New World envisioned by Aldous Huxley where the world is operating under a command economy and all citizens are psychologically conditioned from to birth to value consumption. The Federal Reserve is the ultimate spend more than you earn machine. It is amazing that a few hours […]