Rich Man… Poor Man

| March 30, 2012

So, this is how things looked at the top of the real estate and stock market….how do you think they look now? We’re thinking not any better for the average person.

The Automobile Has Seen Big Changes In The Last 105 Years

| March 25, 2012

Back in the day, sometime in 1908 to be exact….this is what a Cadillac looked like! Yes, we said Cadillac…..

The Ides Of March

| March 25, 2012

What Have We Learned…  in 2,067 Years? Umm…..Evidently Nothing! “The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living […]

Student Loans Set New Record Above $1 Trillion

| March 22, 2012

The climb of student loan debt is simply unbelievable in the economic picture of things……it truely is the gift that keeps on taking! U.S. student-loan debt reached the $1 trillion mark, as young borrowers struggle to keep up with soaring tuition costs, according to the initial findings of a government study. The figure, which is higher […]

Mortgage Applications Look Ugly

| March 21, 2012

Not so good for mortgages…the Average 30 year fixed rate soared to 4.19% from 4.06% last week, while the refi percent of loans dropped to 73.4% – the lowest since July 2011. The latest MBA Mortgage Application data was just released and it was ugly. The broad Mortgage Application index fell by 7.4% in the week ending March […]

The Real Numbers Are So Bad That It’s Almost Unbelievable!

| March 20, 2012

From the floor of The New York Stock Exchange, Art Cashin asks, who got the new jobs? The King Report’s assertion is that without seasonal adjustment, 2012 payroll numbers have actually fallen 1.8 million jobs instead of a gain as the government says (based on seasonal adjustments)…this is stunning.  And, making matters even worse, the Weekly Leading Indicator is now […]

Bad Seats, Hey Buddy!

| March 19, 2012

We want the red line to be below the black one…or we’re in trouble. But as everyone can see, the red line looks like a bean stalk and is growing to the sky!

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 […]

Pimco’s El-Erian: Portugal Risks Are Rising Fast

| March 18, 2012

Just a friendly reminder…Greece continued to say everything was fine, they said it over and over… until one day not so long later, they admited that it wasn’t.  The next thing you know Greek riots break out because Greece is forced to go on a hard austerity plan. Now we see Portugal in the same sinking boat. We’ve been warned. The head and co founder […]

Just A Gentle Reminder….

| March 17, 2012

In the over all picture of things, demographics do matter!

Warm Weather Covers Most Of The U.S. Midwest And East Coast

| March 13, 2012

Hot dogs at Wrigley Field in March, unbelievable!…The forecast high on Wednesday in Chicago is 78 degrees, which would set a record in a city where weather records go back nearly to the Civil War…and Boston reached the low 70s Monday, topping the previous record of 69 degrees set in 1902.   Even the northern states are setting […]

Can You Name This Tune…Er Bubble?

| March 12, 2012

Hmm…This one’s easy, it’s student loans!  Just a freckle short of a trillion dollars!

U.S. Budget Deficits

| March 12, 2012

U.S. Budget Deficits – A picture is worth um, $580 billion, here’s why… in the first 5 months of the fiscal year, the U.S. has racked up $580 billion in deficits,

U.S. Oil And Gas Production Is Rising

| March 12, 2012

We’re on the right track….but have a long way to go. U.S. crude oil production came in at 5.6 million barrels a day for 2011 vs. 5.48 million barrels a day in 2010. It’s the highest U.S. oil production since 2003. And… The U.S. has been the world’s largest producer of natural gas since 2009, the report says. […]

Less Stress….

| March 10, 2012

Stress and fear in the system is receding….for the time being. www.ingerletter.com

Consumer Credit Explodes $17.8 Billion While Student Loan Debt Sprints To All Time New Highs

| March 7, 2012

They got to be kidding….nope, consumer credit rose $17.8 billion in the latest monthly data, on expectations of $10.5 while non-revolving credit, i.e., auto and mostly student debt rose $20.723 billion and had the highest sequential jump in this category ever!  Yes EVER! At the same time…after tax incomes fell for the second time in three months after adjustments, according […]

Maybe The E-Trade Baby Will Throw Cheeri-O-s At The Bonus Baby

| March 6, 2012

Bonus time…or maybe not!  Bankers and Wall Street listen up…The O in cheerios stands for zero bonus!  Capice! www.zerohedge.com

Student Loan Delinquency Climbs To $85B in Q3

| March 5, 2012

Bad seats, hey buddy……especially if you have a student loan!  We have said repeatedly that this was going to happen, and rest assured we feel it will get worse. Lots worse!  10 percent of the outstanding loan balance shows delinquent in the third quarter of 2011, and as many as 47 percent of student-loan borrowers “appear to be […]

Japan Wants To Double Its Consumption Tax

| March 3, 2012

Here we are with bad demographics again, add to that another broke social security system, and guess what island are we standing on. Yep, it’s Japan! Now the Japanese government has had an epiphany, and all of a sudden seeks to save a broken down social security system, and “rein in soaring welfare costs”.  Question: But uh, isn’t that a problem worldwide? Yes it is.  So […]

Food Stamp Participation

| March 2, 2012

As of December, per SNAP (Supplemental Nutrition Assistance Program)  this number just hit another record high of 46.5 million, an increase of 384,000 in one month, an increase of 2.4 million for the year 2011 (about as many as have dropped out of the Labor force, hmmmm), and 14.3 million since Obama took office. The food stamp program, […]

Yesterday Goldman Lowered 2nd Half GDP Estimates Twice In The Same Day, Now Bank Of America Takes Down Its 2nd Half GDP Numbers…

| March 2, 2012

Here we go….it feels like we could be at the peak of the good feeling time for this economic rebound. Things are getting hot everywhere we look. People are feeling better and the talk is that things are headed back to the good old times, which many consider to be normal.  But gasoline prices are sky high, and prices are rising on […]

Do As I Say, Not As I Do….

| March 1, 2012

The food stamp program, part of the Department of Agriculture, is pleased to be distributing the greatest amount of food stamps ever. Meanwhile, the Park Service, also part of the Department of Agriculture, asks us “Please Don’t Feed the Animals” because the animals may grow dependent and not learn to take care of themselves. 

Just In: The Latest Housing Data From CoreLogic

| March 1, 2012

Housing Tid Bits….. The latest quarterly report out of CoreLogic is full of insights about the state of U.S. housing. Key among them is that “negative equity and near-negative equity mortgages accounted for 27.8 percent of all residential properties with a mortgage nationwide in the fourth quarter, up from 27.1 in the previous quarter. Nationally, the total […]

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