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   | shtfplan.com / By Marc Salvo / June 12, 2013 Just when you thought America was coming out of recession… The number of American households on food stamps reached a new record high in March, according to new data released by the Agriculture Department. The March numbers the USDA released Friday reveal 23,116,441 [...] charleshughsmith.blogspot.com / By Charles Hugh Smith / SUNDAY, June 2, 2013 Whatever painlessly masks the dysfunction and corruption of the Status Quo will be the policy of choice. Here’s the challenge the Status Quo monetary and fiscal authorities faced in the 2008 global financial meltdown: how do we maintain the power structure [...] zerohedge.com / By Stephen Roach / June 1, 2013, 12:27 -0400 Authored by Stephen Roach, originally posted at Project Syndicate, The spin-doctors are hard at work talking up America’s subpar economic recovery. All eyes are on households. Thanks to falling unemployment, rising home values, and record stock prices, an emerging consensus of forecasters, market participants, [...] dollarvigilante.com / By Jeff Berwick / May 30, 2013 What do you call an economic system that takes most or all of the money you earn? You might have asked blacks in 18th century America, or you could ask taxpayers in France under French President Francois Hollande. Thanks to the tax surcharge [...] acting-man.com / By Ramsey Su / May 28, 2013 Real Estate Update – Does it Make Sense? Real estate prices are now appreciating at a double digit pace in many markets. Zillow publishes the most conservative estimate and pencils in a 5.2% year over year appreciation for the period ending in April. [...] mises.org / By David Stockman / Tuesday, May 28, 2013 (Excerpt from THE GREAT DEFORMATION: The Corruption of Capitalism in America by David A. Stockman. Published by PublicAffairs.) Fannie Mae is a classic crony capitalist progeny of the New Deal that began life in 1938, quite innocently, as still another ad hoc New Deal program [...] mybudget360.com / By mybudget360 / May 26, 2013 The personal saving rate in the United States is on a multi-decade decline. Part of this has to do with Americans putting their money into alternative savings vehicles like 401ks and IRAs but a large part of this has to do with Americans simply not saving. Roughly [...] blogs.telegraph.co.uk / By Jeremy Warner / May 14, 2013 Dominic Raab, Conservative MP for Esher & Walton, has an interesting piece in this morning’s Telegraph saying we should be careful not to blame Brussels for our own, home made problems, and in particular excessive indebtedness. Yet a survey by the Office for [...] zerohedge.com / By Tyler Durden / May 14, 2013, 11:44 -0400 Q1 was another quarter in which recent patterns in household debt continued. As we report every month, non-housing revolving credit balances continue to be flat, although we now have some more granularity, with the Fed adding that the “number of credit inquiries within six [...] truthingold.com / By truthing / May 14, 2013, 10:05 China’s National Bureau of Statistics just announced that Chinese investors bought 30.3 billion yuan ($4.93 billion) worth of gold, silver and jewelry sales in April, 72% more than than in April of 2012. For anyone but goldbugs, this piles on a couple more reasons to worry [...] mybudget360.com / By mybudget360 / May 13, 2013 The Federal Reserve has pursued a zero interest rate policy as a mechanism for pulling the US out of the financial crisis. Interestingly enough low rates and heavy speculation were part of the cocktail that led us into the crisis in the first place. Ben Bernanke recently [...] marctomarket.com / By Marc Chandler / THURSDAY, MAY 9, 2013 This Great Graphic comes from Gallup. It surveyed American households and found that the lower percentage of adults own shares since the survey began in the late 1990s. A little more than half of adults own shares directly, or in a mutual [...] marctomarket.com / By Marc Chandler / WEDNESDAY, MAY 8, 2013 This Great Graphic was posted on the Economist. It shows what households pay for a kilowatt hour of electricity in Europe. While Europe is integrating at different speeds on different sets of policies, and electricity can easily flow over national borders, electricity [...] silverdoctors.com/ By Stewart Thomson / May 8, 2013 Submitted by Stewart Thomson: Obviously, the decline from $1500 to $1320 has left a lot of gold investors stunned. In a situation like this, I think it’s important to keep things very simple, or you can create a panic in the “gold building”, when there is no [...] investmentwatchblog.com / April 29th, 2013 This is a massive tragedy – just think of all that waste in human potential. It’s not just in Spain – youth unemployment is skyrocketing all over Europe and beyond. High youth unemployment is very dangerous for society – it can have a hugely destabilising effect. Watch for widespread, [...] caseyresearch.com / By Chuck Butler / April 29, 2013, 1:22pm Good day. And a Marvelous Monday to you! Well, I told you on Friday, that the rain was coming our way, and we had a rain soaked weekend, but, I didn’t know it was going to be so darn cold, and raw. We’re almost to [...] thedailybell.com / By Paul Craig Roberts / MONDAY, APRIL 29, 2013 “From the end of the recession in 2009 through 2011 (the last year for which Census Bureau wealth data are available), the 8 million households in the U.S. with a net worth above $836,033 saw their aggregate wealth rise by an estimated $5.6 trillion, [...] globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Sunday, April 28, 2013 2:59 AM Economic trends since 2009 show A Rise in Wealth for the Wealthy; Declines for the Lower 93%. During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution [...] testosteronepit.com / By Wolf Richter / April 25, 2013, 12:45PM Unemployment in Spain jumped to 27.2% at the end of the first quarter, up from 26.0% in the fourth quarter. A record 6,202,700 million people were registered on the unemployment rolls that have ballooned by 563,200 over the 12-month period. The number [...] zerohedge.com / By Tyler Durden / 04/25/2013 08:50 In yet another worse-than-expected macro data point, Spain has just breached the 27% unemployment level – the highest since at least 1976, when data began following dictator Francisco Franco’s death. At 27.2% this is already higher than the IMF’s year-end estimate of 27% suggesting growth estimates are [...] caseyresearch.com / By David Stockman / April 24, 2013, 9:58pm GMT Exclusive Book Excerpt CHAPTER 17 SERIAL BUBBLES The period between Greenspan’s arrival at the Fed in 1987 and the dot-com crash in early 2000 brought a remarkable change in the finances of American households. Bubble finance supplanted the old-fashioned habits of savings and frugality. [...] zerohedge.com / By Tyler Durden / April 23, 2013 Not supremely confident despite the stock market being at all-time highs? Unsure of the future and feeling poorer than in the past? You are not alone. In fact, you are among the 93% majority. As the Pew Research Center finds, during the first two years of [...] investmentcontrarians.com / By Sasha Cekerevac / Apr 15, 2013 One way to look for an investment opportunity, finding companies that will grow their corporate earnings over the long term, is to look for situations in which there is an unmet demand. Recently, the Federal Deposit Insurance Corporation (FDIC) conducted a survey; the results were [...] marctomarket.com / By Marc Chandler / April 10, 2013 This Great Graphic was on the Washington Post’s Wonkblog. It shows the three key sources of income for the middle 20% of American households. Cash wages have fared the worst and are actually lower now in real terms (adjusted for inflation) than in [...] zerohedge.com / By Tyler Durden / 04/07/2013 19:08 Since the Greek government enacted the remarkable law that property taxes will be enforced via the electricity providers in the beleaguered country, an incredible 30,000 households per month have seen their power supply cut off. Ekathimerini reportsthat some 700,000 customers have now had their debts restructured [...] doctorhousingbubble.com / By Dr. Housing Bubble / April 5th, 2013 It is astounding how people brush off an overall weak economy and suddenly justify all cash investors as somehow a normal part of the real estate market. Once again, we are in uncharted territory. The amount of all cash buyers is off the charts. Not [...] mybudget360.com / By mybudget360 / April 2, 2013 It took the S&P 500 about 13 years to get back to where it was in 2000. Of course the power of inflation has taken an even deeper toll on this trend. The stock market is largely a spectacle for most average Americans. It is a [...] dailyreckoning.com.au / By The Daily Reckoning / March 21, 2013 Americans today live like there’s no tomorrow. You can see this in the data regarding retirement. People behave like they will never retire, and the prophecy is self-fulfilling. Under these conditions, they won’t. A new survey shows that 57% of households have less than $25,000 [...] charleshughsmith.blogspot.com / By Charles Hugh Smith / March 7, 2013 Inequality has many sources, but political and technological dynamics are key factors. You may have seen this video on Wealth Inequality in America, which has gone viral. I have shown the same data for years in charts and discussed it at great length: Made in [...] mybudget360.com / By mybudget360 / March 3, 2013 Income inequality is now at levels last seen in the United States during the Gilded Age. This was a time of incredible opulence for the few while the many struggled to get by. There is even a story of a Mrs. Stuyvesant Fish throwing a dinner party [...] |
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