Average Debt For Americans

| December 17, 2016

How does your debt compare…

I’m Smarter, That’s Why I’m Richer Than You – Is The Rich War Cry…Uh, Maybe, Then Again Maybe Not!… But Either Way Governments Are Getting A Little More Desperate Now, And The Rich Are Making Themselves Into Very Colorful Feathered Targets For New Mega Wealth Taxes!

| November 5, 2013

The easy target with colorful feathers spread wide are the rich and the super rich.  Ice Cap Asset Management explains and the IMF builds the case…..Absent economic growth, higher taxes are the only perceived option. Be prepared. Ice Cap in summary….”Meanwhile, our analysis of the global economy continues to show a lack of any acceleration. Instead growth remains […]

A Trillion Isn’t What It Used To Be!

| October 31, 2013

If you look back in history, it took the United States 192 years to rack-up $1 trillion of debt.  Then, the next $1 trillion of debt took only 30 years.  Astonishingly, now we are going through $1 trillion each year. Source: Wise Dog Research

Let’s Throw Every One Of Them Out Of Office….It Will take Six Years, But It’s Something That Has To Be Done!

| October 17, 2013

The U.S. Congress, what a bunch of thieven’ bums…. Last night, after more than two weeks of utterly embarrassing theater, the government in the Land of the Entitled inked a deal to kick the can down the road for a few more months. And in doing so, they set a very dangerous precedent. As part of the […]

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 […]

Consumer Credit Soars Most In 10 Years

| May 7, 2012

Yikes….inquiring minds wonder how much more student loan debt these college kids can rack up…hum, this really is an unending spiral! U.S. consumer credit soared by $21.4 billion in March on expectations of $9.8 billion rise, or the fastest monthly expansion since March 2001. Of the toatal, a modest $5.1 billion was from real credit, or revolving style credit-card […]

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 […]

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 […]

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 […]

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 […]

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 […]

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

Consumer Credit Soars By Third Highest Ever

| February 7, 2012

So…the consumer confidence level is soaring right along with the consumer debt, and the savings rate is plunging.  Now we understand why the Federal reserve has been so worried lately.  The worry is that this consumer spending binge is totally unsustainable and likely to burn out soon! A report from the Labor Department today also showed there […]

Special Tax Relief On Mortgage Debt Forgiveness Ends December 31 Of 2012

| January 29, 2012

Pay attention everyone, we review important details here that could save you or a friend lots of money on real estate debt forgiveness!  Didn’t know there was such a thing?  Well read on….  From the Los Angeles Times Reporting From Washington— The window is closing rapidly on one of the most important tax-relief provisions enacted […]

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

PIMCO’s El Erian…We Are On The Eve Of The Next Financial Crisis

| September 22, 2011

The world is on the eve of the next financial crisis, with sovereign debt its epicenter, according to Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., manager of the worlds biggest bond fund.  El-Erian ranks as one of the smartest financial guys in the bussiness universe.

Goldman Report Hits The Nail On The Head With A Sledge Hammer!

| August 31, 2011

$1 Trillion in capital needed in Europe for banks…Geez   Gold anyone? From the WSJ: “Here we go again,” says the Goldman report, amid a number of charts displaying negative statistics similar to those that portended problems before the 2008 financial panic. “Solving a debt problem with more debt has not solved the underlying problem. In the […]

Looks Like You Can Stick A Fork In Treasury Secretary Tim Geither, He’s Done….Don’t Let The Door Hit You On The Way Out Tim

| August 5, 2011

Could the unthinkable happen?  Here’s Peter Barnes of the Fox Business Network. Peter Barnes: “Is there a risk that the United States could lose its AAA credit rating? Yes or no?” Geithner’s response: “No risk of that.” “No risk?” Barnes asked. “No risk,” Geithner said.  www.zerohedge.com

Next Up….Italy And Spain

| August 2, 2011

Let’s get real…..this isn’t unexpected! Government bonds in Italy and Spain continue on a downward march, creating more concern about the potential spread of the euro zone’s debt crisis.  The dominoes are falling one by one.  World wide debt problems are bubbling over.  A new financial world order is coming shortly.

Slow Learning Curve In Washington

| July 31, 2011

Slow learners……we’re talking about the government of course! They want banks to loan out more and consumer borrowing to pick up.  They still don’t get it! Household debt levels are at 112% of annual income which is considered too high. To get back to a 1990’s debt-to-income ratio’s of 84%, incomes would need to be nearly $4 trillion higher.  This would take about […]

An Interesting View

| July 5, 2011

Here’s a heads up on the United States debt debacle…….word has come from Washington that President Obama will use the 14th amendment to declare the debt limit as unconstitutional, if need be.  Rock and Roll!  On the other hand, it may be unconstitutional to call the 14th amendment unconstitutional, if you get our drift. James […]

The Inability Of Nations And Consumers To Get Out of Debt, Weighs On Global Economy, And Will For A Long Time

| June 26, 2011

From The Wall Street Journal….. Today, U.S. consumers have more mortgage and credit-card debt than they did five years ago.  Given the difficulties of paying down debt, “you have to get comfortable with the idea that it’s going to take a long time for the markets to adjust and for the economy to get back on […]

Average Household Debt Needs To Drop $26,172 Just To Get Back To 1990’s Levels….

| June 11, 2011

Fat chance of this debt ever getting cut in a timely manor other then by default!  Debt is the reason that the world goes into another recession or controlled depression at some point!  Just a matter of time. $26,172 isn’t some magic number, it’s the amount of debt the average U.S. household would need to cut to […]

Bill Gross Of PIMCO: U.S. Policy Prompts Dollar Questions

| June 8, 2011

Bill Gross has been on a roll talking about this……….Governments such as the U.S. are intentionally keeping interest rates artificially low to help reduce record debt levels, setting up investors up for a “pocket picking.” The U.S. has done little to reduce the size of the excess liabilities accumulated, Pimco wrote in what it called […]

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 […]

Bad Seats Hey Buddy…..Front Row, Behind A Pole….You Get The Point

| January 13, 2011

Self explanatory.   A picture is worth…$1.230 Trillion dollars!

Consequences Every Place In The New World Normal

| September 23, 2010

Sorry, But The Answer Of Too Much Debt Is Not More Debt In Price Is Knowledge If you told Rip van Bondtrader that gold had risen to a record during his decade-long slumber, he’d want to know what the inflation outlook was, and how badly he’d gotten killed on his bond investments. He’d be astonished to […]

The Consumer And Debt

| September 11, 2010

If not for record low interest rates, the Debt Service Ratio chart below would look a lot different! The consumer, and why the expectation (and reality) of deflation will keep U.S. buyers subdued, and continue to make the US economy ever more reliant on the government’s transfer payment, aka welfare, program. A very simple illustration of the […]

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