“Credit is a sacred trust, it’s what our free society is founded on. Do you think they give a damn about their bills in Russia?” …
Baby Boomer Bust
Each day, another 8,000 baby boomers turn 65. The U.S. Census Bureau says there are more than 77 million baby boomers, defined as those born between 1946 and 1964. By…
Attention Deficit Capitalism
“Democracy would not be democracy, rule of the people, without at least a modicum of political attention and activity from its citizens.” …
Household Income Shows Troubling Outcome
Hold off on the victory dance. The 2014 “Economic Report of the President” and many media reports indicate that the U.S. economy has finally recovered. But has it? One measure…
Talking the Talk
When’s the last time you’ve heard anything about the sovereign debt crisis? We’ve seen more activity in a tortoise than we’ve seen in Europe of late. Maybe Vladimir Putin needs…
The Economic Recovery That No One Noticed
The average recovery since the end of World War II has been 58 months. The current “recovery” has just reached that milestone. So maybe we should be celebrating. But what’s…
Mission Not-Quite Accomplished
Remember when the announced goal of quantitative easing (QE) was to reduce the unemployment rate to 6.5%? It’s now 6.6% and heading down. So can we expect QE to finally…
Goodbye, Middle Class
With all of the talk in Washington about equality, you have to wonder how the gap between rich and poor has widened to the point where even The New York…
Solving Our Problems By Executive Order
Why didn’t he think of this sooner? President Obama announced during this week’s State of the Union address that he is going to bypass Congress and issue more executive orders…
Some Recovery
The government’s stimulus programs are not working and neither are a growing number of Americans. In October, we noted that the number of Americans not working exceeded 101 million, setting…