Homeownership Rate Falls To Lowest Since 1997

| April 30, 2012

And it’s likely to go even lower over the next few years!   The ownership rate may drop below 64 percent by the end of 2015 and stay there for years, said Scott Simon, the mortgage bond head of Pacific Investment Management Co. “It will be lower by 2017,” and “It will be lower in 2020.” The […]

The U.S. Business Expansion May Be Slowly Fading Into The Sunset

| April 30, 2012

To soon to tell, but we’ll leave a light on…just in case! From Bloomberg: Business activity in the U.S. expanded in April at the slowest pace since November 2009, a sign that manufacturing may be cooling as business investment eases. The Institute for Supply Management-Chicago Inc. said today its barometer decreased to 56.2 during the […]

The Student Loan Battle Heats Up…

| April 29, 2012

Message to students…Hello down there, hang on and don’t worry about a thing… we’re here to help!  Not! There was a big fight in D.C. this past week over student loans.             by Bruce Krasting The issue is a scheduled increase in interest on new student loans from 3.4% to 6.4% set for July 1. Clearly this […]

Falling Home Prices Drag A New Wave Of Buyers Under Water

| April 27, 2012

Why are we not surprised?  Maybe because the government sponsored mortgages only require less then 3% down!  Hmm. From (Reuters) ….. More than 1 million Americans who have taken out mortgages in the past two years now owe more on their loans than their homes are worth, and Federal Housing Administration loans that require only a […]

Illinois Looks Like A Sinking Ship

| April 23, 2012

So, the revenue grows but the ship still sinks….Inquiring minds want to know how it can be fixed? In Illinois, the backlog of unpaid bills has risen to more than $9 billion because of pension costs and falling federal aid, leaving the state “essentially treading water,” Comptroller Judy Baar Topinka said. While revenue grew from higher […]

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 […]

Interesting Quote

| April 17, 2012

Quote of The Day From Ben Stein: “Fathom the hypocrisy of a Government that requires every citizen to prove they are insured…. but not everyone must prove they are a citizen.”

Oil Usage And Alternatives Will Change As The Price Of Oil Rises

| April 11, 2012

Many Pension Plans Are Buried In A Constant State Of Unrealistic Optimisom – But Now They Need To Get Real!

| April 10, 2012

So…the real question is how do we fix this?  As an example, Safeway faces shortfalls larger than its entire market cap, and they’re not alone in this mess. The latest data, from 2009, from the PBGC showed that these multi-employer plans were 48% underfunded with $331bn of assets to support $686bn of liabilities – and it […]

Energy: Gasoline Refineries, Not An Oil Shortage Is The Problem

| April 10, 2012

Oil refineries are closing all accross the United States with nearly half the refining capacity on the U.S. east coast set to disappear …so of course it’s no wonder gasoline prices are pushing all time record prices. Chart Courtesy Inteldaily.com (Added by EconMatters) We now have half the refining capacity on the U.S. east coast set to […]

Tricky Numbers Tell The Real Story

| April 6, 2012

The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000. www.zerohedge.com

A Fly On The Wall…From Art Cashin On The Floor Of The New York Stock Exchange

| April 5, 2012

Fortune broke an interesting story on a private lunch that Bernanke had with some key bankers.  FORTUNE — After completing a series of public lectures in Washington, D.C. last week, Federal Reserve Chairman Ben Bernanke quietly slipped into New York City for a private luncheon on Friday with Wall Street executives.   Fortune has learned […]

The Rankings Are In…

| April 3, 2012

Nurses rank highest, and members of Congress and Lobbyists rank lowest along with Car Salesmen, for honesty and ethics.  If you’re surprised, raise your hand!  Nope, I don’t see any hands, just as I thought.  

Records Are Made To Be Broken…

| April 2, 2012

Foodstamp usage for January is virtually unchanged at 46.5 million recipients. The actual number of recipients declined by a whisper, while the number of households receiving some sort of benefit increased to a new record of 22.2 million. www.zerohedge.com  

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