The Rich, And Everybody Else

| March 21, 2014

It’s no secret that the rich are only getting richer, and everyone else is heading the other way. At some point, the rich will sink their boat.  Just a matter of time!  So….The U.S. Income Gap has now soared to the widest gap since the “Roaring 20’s”.  Yep, 10% of the population now make over 50% of all earned income! […]

Say It Ain’t So….

| August 6, 2013

There are 28 million Americans with federal student loans, 60%, or 17 million, don’t pay the U.S. government a single cent!  Yep, nota, zippo, zero….not a penny!

Social Security In An (Empty) Nut Shell

| January 13, 2013

10,000 Boomers turn 65 years old every day. Here is how it looks on a chart.  Empty nut shells piled high for the old folks…. These costs will be exceeding $1 trillion per year in the near future. Meanwhile, the number of workers per retiree will continue to fall as it has for decades. In 1945 there were […]

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 […]

Confidential Wal-Mart Memo…The Consumer Is Tapped Out

| August 3, 2011

The consumer is broke and getting broker.  So far, the free loaders have been free spenders.  That’s about to change as the banks get closer to kicking millions of the mortgage dead beats out of their homes.  As this evolves things will likely get down right nasty for the economy! From Bloomberg:  Disclosure from an internal, […]

How Big Is It?

| June 7, 2011

You won’t hear this from the government…..the gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product. From USA Today: The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY […]

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