U.S. incomes plummeted again in 2009, with total income down 15.2% in real terms since 2007, new tax data showed on Wednesday. The data showed an alarming drop in the number of taxpayers reporting any earnings from a job — down by nearly 4.2 million f…
I’m shopping for a house, (have been for 4 years) and there’s nothing close to being a rational deal. If you go to the Wake County (Raleigh and environs) tax website and search for “secretary” (as in HUD) you get about 12 pages of property. Wells Far…
The spring bounce never arrived to the national housing market and certainly did not pay a visit to Southern California. Home values across the nation are experiencing a strong double-dip courtesy of a continually weak economy.
As the layers of …
The U.S. economy is half way to a lost decade because demand is in decline and we’re not doing enough to revive it, according to Larry Summers writing for Reuters. It’s the lack of demand, he argues, that’s caused growth to slow to a crawl pace of 1% o…
Finally there are signs of trouble in high-end real estate markets like Greenwich, Conn.
But until now Greenwich and other bastions of the American Rich have been sheltered from the worst of the housing crisis. And the worst of the unemployment cri…
There will be no sustainable housing recovery until the shadow inventory is cleared out. As of April with the latest data close to 6.4 million loans are delinquent or in foreclosure. This is a massive number of homes. What is downright disturbing…
Of the 1%, by the 1%, for the 1%
…
Investors should realize how irrational this all is. The United States is in a radical money-easing environment, in which the Fed is keeping interest rates artificially low while pumping money into the economy. This type of policy breeds speculative…
What’s Your U.S. Income Ranking?
Just enter your annual income into the tool, and you’ll get a good idea of where you rank, or would have back in 2009. “One last quick note – our model tops and bottoms out with the lowest 2.35% and highest 0.13% of…
This commentary on the SafeHaven website takes a brief peek at why the masses are unhappy about the status quo…
Don’t they get it?
It’s truly bizarre to me that the powers that be cannot figure out WHY the average American is growing increasingl…
