Banks Face $3.6 Trillion ‘Wall’ of Debt According To The IMF

| April 14, 2011

Say what, how much did the IMF say….yep, pushing 4 trillion dollars, looks like another piece of dynamite looking for a match!!    For 2011, Japan and the United States face the largest public debt rollovers of any advanced economy at 56 percent and 29 percent of gross domestic product, respectively. It repeated its warning that the United […]

Interesting Tid Bits….Why We’re A Broke Society

| April 12, 2011

There are now 6.4 million fewer jobs in America than there were when the recession began, but the government says the recession is long gone…….. Total home mortgage debt in the United States is now 5 times larger than it was 20 years ago…..so we’re talking 5 times larger than 1991 folks! Wow, and people wonder why we’re […]

Inflation Component Breakdown Since 2000

| April 12, 2011

Ah, This is easy to understand, energy and college expenses are top inflation runners since 2000. Courtesy of the excellent dshort.com, here is a chart of inflation from 2000 to Q1 2011. In a low-inflation decade, tuition has more than doubled. This is the acme of unsustainability. Students loans are the only sector of credit which […]

A Bum Deal………

| April 12, 2011

We’re not surprised! Commentary Magazine reports that the “Budget Deal”, won after so much theatrics, soap opera, and Razzie nominations, may in fact collapse shortly. “The big news today is that the $38.5 billion in budget cuts announced with such fanfare on Friday night mostly aren’t real. A good deal of it involves money from […]

“Spent Fuel Pools In U.S. Are A Potential Timebomb”

| April 11, 2011

Nuclear Whistleblower: “Spent Fuel Pools in U.S. are a potential timebomb, situation can get worse than Chernobyl”….So here in is the problem, will any government in the world be honest about nuclear power plant problems until it’s to late!  This is just one of the many reasons to say no to nuclear power solutions! Interview by Tuur Demeester […]

Fukushima Accident Assessment Officially Raised To Maximum Level 7

| April 11, 2011

Just for the record…..level 7!  And now we are getting unconfirmed reports that radiation content in Hawaii milk is orders of magnitude greater than Federal Drinking water limits. While one can bicker over the exact number, it is certain that as long as Fukushima continues to billow radioactive smoke, steam and/or water, cumulative radiation levels, both […]

Demographics…My Dear Watson!

| April 10, 2011

Here is why things are broken for baby boomers, and unlikely to get a lot better any time soon! The interesting thing about the post-war baby boom and our guns-and-butter generation isn’t what happened during or as a result of this population tidal wave, but what didn’t happen:  the birth rate in America abruptly fell […]

Why Education Matters In The Job Market

| April 9, 2011

From Chapter 4 Of The Book Endgame: What it shows is that employment is very skewed, as is income. This was as of the end of 2009, but the principle is the same. The clear problem in the United States is this: If the highly skilled have 2.5 percent unemployment, how do you reduce that? […]

Another Stock Market Warning

| April 9, 2011

More warning signals for the stock market………just the opposite of the bottom!

The The Devolution Of The Consumer Economy…Rising Costs, Declining Wages

| April 8, 2011

It’s here and now folks, the widening gap between declining incomes and higher costs has been filled with borrowed money. Now that borrowing has reached its limit,  the consumer economy is devolving.  Here is what it means. The cost structure of the entire U.S. economy has bloated to unsustainable levels. Here’s the basic mechanism: when money […]

Mall Vacancies Are At The Highest Rate In 11 Years; Strip Mall Vacancy Rates Are Highest Since 1990

| April 8, 2011

Nobody seems to be paying attention to this….. From the WSJ: Mall vacancies hit their highest level in at least 11 years in the first quarter, new figures from real-estate research company Reis Inc. showed. In the top 80 U.S. markets, the average vacancy rate was 9.1%, up from 8.7%. The outlook is especially bad […]

U.S. Consumer Credit Rises 3.8% Annualized In February

| April 7, 2011

Here is the secret sauce…..revolving credit, or credit cards, actually fell during this period, down 4%.  But non- revolving credit, which includes student, auto, and other loans, increased by 7.7%. Interesting to note that January’s numbers were revised down which had the effect of making these February numbers look even better.   U.S. consumer credit surged […]

The Top 1%

| April 7, 2011

The top 1 percent have over 40 percent of all financial wealth in this country. And…The top 1 percent has never done so well in relative terms.  In fact we would have to go back to the years prior to the Great Depression to find such a glaring divide with income inequality: Source:  Center on […]

Portugal Lights Out…. Pleads For EU Bailout, Joining Greece And Ireland…Spain On Deck

| April 6, 2011

Portugal has been saying we are good, we don’t need help…they have been saying it over and over…Now, Portugal says we need help fast!  The dominoes are falling in Europe, and we haven’t seen anything yet! Running out of money and paralyzed by a political crisis, Portugal said it would ask the European Union for a financial […]

Some Food For Thought…..Amazing Government Statistics

| April 5, 2011

Did You Know…..More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined.  Even more interesting are some of the state ratios. Consider this statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is […]

Stock Market Tid Bits, And The Long Term Kress Cycles

| April 3, 2011

The Fed Q Ratio (chart below) is signaling a warning for stocks……it is saying that we are currently at a level seen only 6 times since 1900!  So lets look at this in terms of the Kress Cycles between now and Sept-October (the approximate date of the Kress 6 Year Cycle high  This is where we could see a market […]

GOP To Propose $4 Trillion In Spending Cuts…Here’s The Rub, It’s Over The Next Decade!

| April 3, 2011

Over the next decade, a million things could happen, the least of them we think is $4 trillion in spending cuts. From The Wall Street Journal: House Republicans will propose slashing federal spending by more than $4 trillion over the next decade, by capping spending, overhauling entitlement programs and revamping the tax system, the chairman of […]

Real Estate Sales Of Tomorrow, Happened Yesterday (Or 2002-2006 As May Be The Case)

| April 1, 2011

Governments are STUPID……Last week we found out that fewer new houses were sold in February than in any month since they started keeping records in 1963….yep, the more you give somebody, the more they become reliant on it, then when it stops, they don’t know what to do.  We’re seeing this same thing happen over and over.  […]

The Seeds Of Discontent

| March 31, 2011

To see the real story, just look at the charts….. The top 1 percent  control 42 percent of all financial wealth. Growing Inequality…the middle class vs. the rich Growing Inequality…in income Source:  Social Security Does this look like a recovery to you?   More and More Food Stamps……and no end in sight And Real Estate values are […]

Wal-Mart CEO To America: “Prepare For Serious Inflation”

| March 31, 2011

Wait a minute, hasn’t the government been saying inflation wouldn’t be a problem?   Yes, they have… it won’t be the first time that they’ve lied to us.  Food shortages are coming this summer……along with serious price increases.  U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned […]

Real Estate ABC’s….According To Real Estate Data Analytics Firm CoreLogic

| March 30, 2011

Some sound advice….It’s going to be a long negative haul for housing and there is nothing on the horizon, such as an improving economy, lower unemployment, or climbing wages to stem the flow. There were simply too many homes built during the boom phases at affordability rates that didn’t make sense. Those who can afford to […]

Foreclosure Backlog Hits 30 Months….Average Delinquency Period 537 Days

| March 29, 2011

Robert Shiller today said that inflation adjusted economic statistics are clearly in the double dip.  U.S. single family home prices fell for the seventh month in a row in January, according to the S&P/Case-Shiller index of prices.   In four cities, prices were at their lowest for 11 years, with the overall index down 0.2% between December […]

Preparing For Big Changes In CUBA

| March 29, 2011

We’ve been looking for big changes in Cuba, and in fact we know of a particular person that went to Cuba to visit relatives recently and has returned back to the U.S., He says things are turning for the better, it’s definitely different.  One thing is for certain,  the money will pour into Cuba when the […]

What Country Is Wal-Mart’s Second Biggest Market?

| March 28, 2011

Citigroup is out with a report today highlighting Wal-Mart and its burgeoning international business. Question: So what are the retailer’s big non-US markets? Answer: You’ll be surprised, take a look at the chart below.   Read more: http://www.businessinsider.com/wal-mart-regional-breakdown-2011-3#ixzz1HxW3Jczf

Japanese Electrical Grid: The Perfect Storm For Slow Economic Recovery

| March 28, 2011

They gotta be kidding…… Nope                                                           Question: Why can’t Japanese electrical power be moved around such a small country?  Answer:  Electrical power can’t be moved for a simple, stunning reason. The northern half of Japan uses 100 volt, 50 hertz (cycles per second) electricity and the southern half uses 100 volt, 60 hertz. If you pump 60 hertz […]

U.S. Economy: Goods Orders Unexpectedly Fall

| March 24, 2011

Our only questions is: Why is this drop unexpected? Orders for long-lasting goods unexpectedly fell in February, raising concern over the sustainability of the rebound in U.S. business investment. Bookings for goods meant to last at least three years dropped 0.9 percent after a 3.6 percent gain the prior month that was larger than initially […]

Stay Focused Folks

| March 23, 2011

We have world changes in the Middle East.  We have peak oil production. We have inevitable hyperinflation. But all the attention is currently on Japan,  as markets forget the growing foundation of international dislocation. Stay focused…… Stay disciplined. www.jsmineset.com

Record New Home Sales…Auh, Record (Low) New Home Sales That Is!

| March 23, 2011

Well, records are made to be broken…..At just 250,000 annualized, this was the lowest annualized new home sales number ever.  The government continues to say we have a recovery, they are right to some degree. The problem is the whole recovery is being supported by the government….anyone care to guess what will happen without that support.  […]

Israel Update: Next Up?

| March 23, 2011

The Middle East is on fire…….Israel next up.  One mishap and the whole Middle East could go up in smoke! INTERIOR MINISTER ELI ISHAI SAYS SITUATION DETERIORATING ISHAI SAYS ISRAEL MAY HAVE TO ACT IF DETERIORATION CONTINUES ISHAI LINKS JERUSALEM BOMBING TO ITAMAR STABBING, GAZA VIOLENCE ISHAI SPEAKS ON ISRAEL ARMY RADIO

Portuguese Government Rejects Austerity Plan, Government Collapses

| March 23, 2011

Next Up: Government resignation, crisis, bail out, etc. We’ve already seen the drill elsewhere……. Just In: Portugal’s Prime Minister José Sócrates tendered his resignation after Parliament rejected a new government austerity plan. PORTUGUESE PARLIAMENT REJECTS GOVERNMENT’S DEFICIT-CUTTING PLAN PORTUGAL’S PARLIAMENT BACKS RESOLUTION AGAINST GOVERNMENT PLAN

Dallas Fed President Fisher: U.S. May Be Approaching Insolvency Tipping Point, Fix Will Be ‘Painful’

| March 22, 2011

The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,” according to Dallas Federal Reserve Bank President Richard Fisher. “If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,” Dallas Federal Reserve Bank President Richard Fisher said in […]

Crippled Cooling Pump At Reactor #2 Puts Power Restoration Plan At Risk

| March 21, 2011

We have a long long way to go before this problem goes away! TEPCO managed to restore the power supply to its radioactive power plant. The key problem at hand has not been fixed at all. Not even close. According to New York Daily News: “Cooling pumps at one of Japan’s crippled nuclear reactors are damaged beyond […]

Israel Warplanes Fly Over Gaza, Bomb Hamas Military Site

| March 21, 2011

Black Swans everywhere…… ISRAELI WARPLANES HIT HAMAS MILITARY SITE IN GAZA, XINHUA SAYS ISRAELI GAZA ATTACKS INJURE FIVE PEOPLE, AL-ARABIYA REPORTS ISRAELI WARPLANES FLYING OVER GAZA, AL-ARABIYA REPORTS

Atomic Energy Commission And The Nuclear Regulatory Commission Lied About Major Accidents For Years

| March 19, 2011

Question….Do governments ever tell the truth?  Doesn’t seem so. The NRC said in the 1980’s that it was estimated that there was a 50% chance of a nuclear meltdown within the next 20 years,  which would be so large that it would contaminate an area the size of the State of Pennsylvania, and would result in huge numbers […]

Allied Forces Attack Libya…Middle East: A Match Looking For A Stick Of Dynamite

| March 19, 2011

Are we seeing the start of WW III…..? U.S. and coalition forces launched military strikes against Libya, gambling that a rapid and substantial attack could knock out loyalist support for Gadhafi. Gaza Fires 50 Mortars Into Israel, Heaviest Barrage In Two Years….. Israel is sure to bring even more geopolitical tension, especially with Iran adn […]

2001-2010: Ten Year Prelude To The Keynesian End Game

| March 19, 2011

Notice if you will, the house in the chart below is upside down…..how appropriate! One hundred years of the government’s attempts to mute the natural business cycle are slowly and painfully coming to an end.  A period where the government proactively encouraged consumption until it became 70% of the economy, we produced very little, and […]

Household Debt Accelerating Once Again, But At A Much Slower Pace Then Before!

| March 19, 2011

Defaults have lopped $822 billion off U.S. household debt since mid-2008!  These loans were not payed off, but it looks that way with many of the statistics….. One of the puzzles of the recovery has been how U.S. households have managed to shed some $658 billion in mortgage, credit-card and other consumer debt over the past two and a […]

New Technology Will Spur Wireless Growth

| March 18, 2011

Technology growth in wireless is going to evolve into next generation wireless….. and its growth will be breathtaking! Mobile data growth is expected to grow at a 92% compound annual growth rate over the next five years. All that traffic growth won’t be coming from existing devices, of course. It will be coming from brand-new ones. […]

U.S. Cost Of Living Costs Hit A New Record High

| March 17, 2011

So what happened to deflation…..ah, it’s deflation for the old folks on social security, no cost of living raises for them….but there is inflation for our esteemed congress, so of course they voted themselves an inflationary raise!  It’s pretty basic politics, come to think of it! A special index created by the Labor Department to […]

Diagram Of Stricken Nuclear Reactors In Japan

| March 16, 2011

The diagram at the bottom below shows all six stricken reactors. Reactors one to four have been over-heating since the tsumani. But reactors five and six, on a separate part of the site today began heating up as well. ‘We’re very close now to the point of no return,’ Dr. Michio Kaku, a theoretical physicist, said. […]

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