Savings…Anybody Know What That Is?

| June 26, 2012

Hmm… Survey: More Than 25% of Americans Have No Emergency Savings! By Nancy Stanley While nearly half of Americans don’t have enough money saved to cover emergencies, one-quarter don’t have any money saved, according to Bankrate.com’s Financial Security Index survey. The general rule of thumb is to have enough cash saved to cover at least […]

Ding Dong…Sometimes They Really Do Ring A Bell At The Top!

| June 11, 2012

Fed Says U.S. Wealth Fell 38.8% in 2007-2010 because of Housing….Duh! The financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a 38.8 percent plunge from 2007 to 2010 that was led by the collapse in home prices, a Federal Reserve study showed. Median net worth declined to $77,300 in […]

U.S. Houshold Net Worth Jumps….

| June 7, 2012

It sounds like things are really rolling, but are they really? Since reaching a five-year low of $51.3 trillion in the first quarter of 2009, net worth has improved by $11.6 trillion. That leaves it $4.6 trillion below the record high of $67.5 trillion reached in the quarter ended September 2007, three months before the […]

This Chart Shows The Reality Of Our Predicament

| April 17, 2012

The Real Story On Taxes

| April 17, 2012

Out of the 143 million tax returns that were filed with the IRS in 2010, 58 million or 41 percent of those filers were non-payers.  Hmm…. Americans making over $50,000 paid the majority of the federal taxes that were paid in the U.S. in 2010. According to statistics compiled from the Internal Revenue Service (IRS) by […]

Watch Out For Those Economic Hairpin Turns, They Are Everywhere…

| March 19, 2012

Spend, spend spend…… The Federal Reserve Flow of Funds Report, issued two weeks ago, reveals the extent of the average mans plight : Forty percent of all credit card users do not pay-off their credit card every month and carry an average balance of $16,000 at an average interest rate of 15%. Total U.S. credit market […]

Looks Like Quicksand…But It’s Really Quickcement

| February 29, 2012

So, how do we do it…deleverage we mean? Uh, well, we need to spend less on cars and gas, and food, and housing and…healthcare, and buy less other things, and save more – oh, sorry about that last one, nothing left to save….. From Today’s Bloomberg Brief: The slow pace of deleveraging will continue to weigh on growth over […]

Case-Shiller Real Estate Prices Continue To Fall Even With Record Low Interest Rates!

| February 28, 2012

There is no housing recovery as of yet….that according to Case Shiller. The Case Shiller housing index just showed a 8th consecutive month of home price declines. During this time we’ve had one of the most favorable winter buying periods ever, caused by favorable weather conditions accross the United States with one of the warmest winters on record (other then in Alaska). And let’s not forget the record low interest rates on mortgages. Anyone […]

A Sign Of The Times…Or Is It The New Normal?

| February 25, 2012

Part of this is demographics.  www.frontlinethoughts.com

Some Food For Thought On Consumer Net Worth

| February 16, 2012

It looks like we’ve seen the bounce in consumer net worth and now as we head back the other way, reality may set in! Or… maybe not, it being an election year and all. www.frontlinethoughts.com

U.S. Debt In Terms Of GDP (Gross Domestic Product)

| February 15, 2012

So…. for Americans to get debt levels back to the happier times of 2002-03 levels, we’ll need about a 21% debt drop from the peak and a 17% drop from right where we are now.  Back to 2000 will take longer. We’re talking  many years for this to unwind.  www.frontlinethoughts.com

Our Current Plight Is Looking Worse, Not better

| January 20, 2012

Confidence levels have been rising rapidly…and the government says things are getting better, people are starting to borrow again, using their credit cards more, and out and about in a spending mood….but the exhibit below tells a more realistic story of our current plight.  So, are things really any better then they were?  We’ll let you answer that one! Chart: […]

Chicago Fed President Warns On Savings Drain And New Borrowing Binge

| January 18, 2012

We’ve been wondering the same as new cars are flying off the lot…….American households “have been spending recently in a way that did not seem in line with income growth. So somehow they’ve been doing that through perhaps additional credit card usage,” Chicago Federal Reserve President Charles Evans said on Friday.  In an other ominous sign […]

In The Luxury Auto Market, Records Are Made To Be Broken…And Then Some!

| January 10, 2012

This is truly a statement about the rich.  Let’s clarify that, the very rich. Porsche has its biggest backlog ever. Buyers of the 263,000-euro ($335,667) Lamborghini Aventador will have to wait more than a year for delivery, while demand for the 107-year-old Rolls-Royce brand (at $246,000 to $380,000 each) is breaking all time records.  Sales of […]

So Let’s See…. Who Are The 1 Percent?

| January 8, 2012

Sooooo…Let’s Review The Inequity Of It All !

| January 8, 2012

The Consumer Predicament Means Years In The Dog House

| December 17, 2011

The U.S.consumer debt situation remains a major problem and is far from its normal boundaries.  It will remain so for some time to come, and we mean years! Here’s an updated look at the U.S. consumer. During the housing boom, consumer leverage rose at nearly twice the rate of corporate and banking leverage. Even after all the […]

If We Count Demographics, Japan May Be In Worse Shape Then Anybody

| December 5, 2011

46.3 Million Americans Are Now On Foodstamps…Yep, That’s Right!

| December 5, 2011

The latest update from the Supplemental Nutrition Assistance Program (SNAP) shows 423,000 more Americans just found their way to the Food Stamp train from Uncle Sam. This should be good for Walmart.

The Maverick Bond Barons

| November 20, 2011

We have a broken down world! Can two Lone Rangers rescue us?   PIMCO’s Bill Gross laid out his pessimistic outlook, fretting that growth in developed countries could be weighed down for years by debt problems in Europe and high unemployment in the U.S. BlackRock’s Larry Fink said he sees “all the same problems, and the problems […]

Corporate Returns Are ‘Terrific’ As U.S. Workers Suffer Big Time

| November 15, 2011

From the master himself,  Warren Buffett…“Through the tax code, there has been class warfare waged, and my class has won,” Buffett said. “It’s been a rout. You have seen a period where American workers generally have gone no place, and where the really super rich as a group increased their incomes five for one in […]

U.S. Wealth Gap Between Young And Old Is Widest Ever…Yep, Ever!

| November 7, 2011

The wealth gap between younger and older Americans has stretched to the widest on record. Households headed by someone under age 35 had their median net worth reduced by 27 percent in 2009 as a result of unsecured liabilities, mostly a combination of credit card debt and student loans. No other age group had anywhere […]

Consumer Credit For September Is Out…No Surprises, Just The Same Old Nonsense!

| November 7, 2011

The entire consumer credit growth is from auto loans and student loans, while revolving credit dropped…Student loans have been a growth business, but at what expense? A whole student generation is hopelessly buried.  Truly buried like no other generation ever! So… just where did this consumer credit in 2011 come from?  Well, of the $32 billion in credit […]

U.S. Food Stamp Use Up 8% For Most Recent Period, Hits New Record

| November 1, 2011

Hey, what the heck…records are made to be broken. August (the latest data), set a new all time record for Americans on food stamps, with 45.8 million poor souls on food stamps for sustenance.  Alabama, Delaware, Utah, and Washington all had at least a 3% sequential increases in food stamp usage.

The 10 Biggest Bankruptcies Ever…Time To Change The Standings, The New Number 8 On The List Is?

| October 31, 2011

MF Global goes Chapter 11……breaks into the top ten standings! Here we go…MF Global, the brokerage run by former Goldman Sachs chief Jon Corzine, today filed for bankruptcy protection, becoming the highest-profile U.S. victim (that we know, so far) of bad bets on European government debt. With the Chapter 11 filing, MF Global also is likely […]

Where (Location) Are The Top Income Earners In The U.S.?…How Many Of You Guessed Washington D.C.

| October 19, 2011

Yep…It takes a lot of lawyers and money to tie knots in a political system like ours (and this is home to the nation’s greatest concentration of lawyers) …sounds like the protesters should be headed for Washington D.C. in short order. Total compensation for federal workers, including health care and other benefits, last year averaged $126,369.  “There’s a […]

The Ten Poorest Cities In America

| October 16, 2011

 City, State, % of People Below the Poverty Level 1.  Detroit ,  MI 32.5% 2.  Buffalo ,  NY 29.9% 3.  Cincinnati ,  OH 27.8% 4.  Cleveland ,  OH 27.0% 5.  Miami ,  FL 26.9% 5.  St. Louis ,  MO 26.8% 7.  El Paso ,  TX 26.4% 8.  Milwaukee ,  WI 26.2% 9.  Philadelphia ,   PA […]

Some Staggering Statistics You Should Know!

| October 13, 2011

Food for deep thought…these are staggering! State and local government debt has reached an all-time high of 22 percent of U.S. GDP. U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. According to a new study conducted by the BlackRock Investment Institute, the ratio of […]

So, Things Can’t Get Any Worse, Huh…Think Again!

| October 11, 2011

What’s coming at us over the next few years, will likely make 2008 look like a warm up!  Nevertheless, … analysts are expecting another earnings season of double-digit growth (the eighth quarter in a row), yep…even though corporate earnings as a percentage of GDP are in the area of all time record levels seen only 4 other times in history, […]

Yes, We Get It…Really, We Do! It’s The Rich, The Piggie Banker’s, The Dumb Government Morons And A Greedy Wall Street That Don’t Understand Basic ABC’s

| October 9, 2011

Here’s the real reason for the Wall Street protests….Extreme inequality is the hallmark of a dysfunctional economy, dominated by a financial sector that is driven as much by speculation, gouging and government backing as by productive investment.  That sums it up! Robert Reich, President Clinton’s Secretary of Labor said recently – The top one half of […]

What Is Interesting About This Chart?

| October 7, 2011

The consumer has hit a wall with credit growth, and can’t handle any more agony, while the government is borrowing like a drunk sailor. www.zerohedge.com

Twelve Opinions From World Respected People About The Economic Crisis At Hand

| October 3, 2011

We should say this is a horrific economic crisis that’s about to get (out of) hand…..Debt is a very cruel master. It will almost always bring more pain and suffering than you anticipated. It is easy to get into debt, but it is very difficult to get out of debt. In the end, we will see that the debt-fueled prosperity […]

The Rich Now Rule, While The Poor Beg…Expect Riots And Major Economic Changes Over The Next Few Years

| September 30, 2011

The top one half of 1 percent of the population now owns over 28 percent of the nation’s total wealth.  Are they kidding?  And the Republicans don’t want to raise taxes on the rich…..They should be ashamed of themselves, but they’re not.  This from RobertReich.org The President’s modest proposals to raise taxes on the rich – […]

Demographics, My Dear Watson

| September 18, 2011

We’ve gone over this before, but it looks like the idea is catching on….Grey bearded baby boomers are in trouble…..but many don’t even know it!  Deutsche Bank, in a new report expects stock market investors to lose about 10% of their money — in real terms — over the next 10 years, while the economy goes […]

Can Interest Rates Go Any Lower?

| September 17, 2011

So far the record low interest rates have only kicked the can down the road by allowing desperate debt to prolong its misery.  History will likely show this to be a catastrophic economic mistake.  In the process, we have destroyed the retirement class by forcing them into higher risk assets.

Household Net Worth Decreases Only 1%…Small Number Sounds Fishy To Us

| September 16, 2011

But these figures speak for themselves….we continue to expect negative numbers over the next few years, actually into 2014. Net worth for households and non-profit groups decreased by $149 billion, a 1 percent drop at an annual pace, to $58.5 trillion, the Federal Reserve said today in its flow of funds report from Washington. It rose at a 7.4 […]

More From Census Breau

| September 16, 2011

So why is it so hard to convince people in high places about this?  Well, because those who sit on top, often can’t see through the clouds.  Governments are first to come to mind.  From The Wall Street Journal: The income of the typical American family — long the envy of much of the world — […]

Ultra-Luxury Automobiles Are Totally Recession-Proof, Sell Out

| September 15, 2011

The rich have it all…..the new Ferrari family car is $356,000 and is sold out, that gets you just one car!  Yep, you read that right.   Ultra-luxury remains totally recession-proof. The gap between rich and poor have never been greater. Maserati aims to boost deliveries by almost eightfold to 45,000 cars in 2014 as it increases dealers by 150 percent worldwide. Lamborghini […]

No Miricles Here! A Road Of Hard Times Looms Dead Ahead…

| September 6, 2011

  So…overall household debt to disposable income has declined minesquely from a peak of 134% in 2007 to 125% currently. That doesn’t exactly set the house on fire as most assets have declined at a faster rate, especially for entities that have not experienced stable or growing revenues (main street America comes to mind). If Dick Stoken is […]

Shrinking Labor And Bad Demographics Effects U.S. Expansion

| August 31, 2011

Amoung areas of interest for investing in this demographic tidal wave …..We would expect to see strong growth in all areas of health-care spending, that’s a no brainer.   Women and baby boomers entering the American workforce after 1950 helped to supercharge expansions in 1975 and 1983 by filling an increasing number of jobs and purchasing more goods and […]

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