Most Americans are starting to realize that we are making enemies worldwide and actually fomenting terroism by bombing every country that has the audacity not to do our bidding. Yet aging warrior Senator John McCain, a cold war relic of times gone by, thinks the United States can resolve global conflicts by sending in fleets […]
Household Net Worth Hits All Time High Yet 59% of Seniors Have Zero Retirement Assets
September 25, 2013 Leave a Comment
According to the latest data from the Federal Reserve, most Americans should be feeling wealthier as household net worth soared to an all time high of $74.82 trillion. This is a huge improvement from levels reached during the height of the financial crisis when household net worth plunged by almost 20% or $12 billion as […]
Does Living At Home At Age 25 Make Me A Loser?
August 28, 2013 Leave a Comment
The economic collapse of 2008 that put the world financial system on the precipice of collapse has produced fundamental changes in people’s attitudes, financial habits and living style. One trend that existed even before the financial crisis and then accelerated since 2008 is the number of young adults living with their parents. The tradition of […]
One Speeding Ticket Would Send 25% of Americans To Bankruptcy Court
July 27, 2013 Leave a Comment
Besides high unemployment, declining wages and a constantly increasing cost of living, Americans now face another menace that could send them directly to bankruptcy court. According to Yahoo News, the five most egregious states for issuing insanely high speeding tickets are Georgia, Illinois, North Carolina, Nevada and New Hampshire. These five states all hold drivers […]
Immigration Bill A Costly Solution Without A Problem
June 21, 2013 Leave a Comment
Congress is hard at work putting together massively complex and costly legislation to solve the “illegal immigration” problem at the Mexican American border. As the Immigration Bill Gathers Momentum, it is becoming apparent that the bill will be an incredibly costly effort to solve a problem that no longer exists and America will become the […]
If You’re Feeling Poorer That’s Because You Are – Net Worth Plunges For Average American
May 30, 2013 1 Comment
In April the Federal Reserve Bank of San Francisco released a report showing that the overall net worth and value of financial assets had completely recovered from the financial collapse of 2008-2009. Since the low point of the recession in early 2009 the net worth of Americans has increased by a massive $14.7 trillion and […]
Missing Jobs and Miserable Lives
May 14, 2013 Leave a Comment
The great financial crash of 2008 resulted in over eight million jobs disappearing in a little over a year. As orders evaporated and sales plunged, companies quickly slashed labor costs in order to remain profitable. Previous recessions have caused unemployment to soar but the ensuing recoveries always resulted in a strong economic rebound and the […]
Air Travel Delays Result of Reprehensible Conduct By White House and Congress
April 24, 2013 Leave a Comment
The growing disruption of airline flights in the U.S. is causing economic problems for an economy that does not need more problems, especially from a crisis manufactured by the President and Congress. Pulling critical air traffic controllers off their screens and telling them to stay home will at some point jeopardize public safety. What will […]
Have Your Assets and Net Worth Increased Since 2005?
April 23, 2013 Leave a Comment
Have your assets and net worth increased since 2005? According to the Federal Reserve, if your assets and net worth have not increased, you probable have a balance sheet dominated by housing, are in a lower income group, a member of a minority and have a lower than average educational attainment. As seen in the […]
Americans Dump Stocks As Market Soars – Are Long Term Investors Extinct?
January 11, 2013 Leave a Comment
Investing in stocks used to be an affirmation of faith in the American system of free enterprise and a method to build personal wealth. How many stories have you heard about the secretary at McDonalds or Merck or another great American company who retired as a millionaire after buying shares in the company over many […]