Peak Oil and Peak Credit do not exist in a vacuum; they’re why we have Peak GDP, Peak Dow and Peak Income.
You don’t get Peak Oil and cheap abundance in everything else: you get Peak X, Y and Z, for example Peak Oil, Peak Dow and Peak GDP. Peaks …
The feedback of failure, loss and defeat is our most helpful teacher.
I want to praise horrendously costly lessons, as those are the only ones we really learn from. We hype the value of “book learning” and give lip-service to “learning fr…
Obviously, Black Friday will be a failure.
Disposable household income is down. House values are down. Stock values are down. Net worth, at least by any honest measurement is down. Savings return no income, and have no prospect of doing so. Governmen…
As I have often observed, the majority of America’s household income flows to a handful of corporate cartels protected by the Central State. Most of the mortgage payments flow to the “too big to fail” banks. Most of the telecom payments flow to the…
Multiple sets of indicators are clearly showing that the housing market is entering a second winter. Home prices are inching closer to cycle lows and indicators of housing distress are rampant throughout the country.
Home prices during the troubli…
We have troubling economic headwinds that are being felt on the shoulders of many American families. Over a decade of stagnant wage growth is taking a toll on the psyche of many. Many large cities still have inflated home prices yet these bubbles …
Can Americans cope with a 10 to 15 year bear market in real estate? On this front I have good news, and bad news.
The bad news is that we are likely to face at least a 10 year bear market in real estate thanks to a lost decade in household income…
Mother Jones has 11 charts that explain everything that’s wrong with America…
How Rich Are the Superrich?
A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an avera…
Once again, we’re hearing the sales pitch “Now is the time to buy!”…
Home affordability returned to pre-bubble levels in a growing number of U.S. markets over the past year as price declines laid the groundwork for a housing recovery.
Data provi…
I’m thinking that $29,000 should last about six months. I don’t think even $300,000 goes that far with 0% interest.
I hope that junior has saved his pennies so he can bail out Mom and Dad.
From MSNBC:
NEW YORK — The average American has saved les…
