Bankruptcy in America. U.S. Individual Bankruptcy Filings have Fallen to Their Lowest Levels Since 2008. Deliquencies and percentage of consumers in collections are also declining. Yet, consumer debt is increasing. U.S. Consumer Debt at $3.3 Trillion up 29% from $2.55 trillion at the end of the Great Recession. The U.S. Consumer is Tapped Out. Individual … Read More →
Recovery Summer VII. As the U.S. economy continues to decelerate, the Fed and main stream financial media continue to insist the slow down is “transitory” and weather related. This week’s podcast discusses the absurdity of the wishful economic thinking that predominates among policy makers their media mouthpieces. Podcast Summary: 0:00-4:55 Introduction Initial Jobless Claims 4:55 … Read More →
Why The Labor Force Participation Rate is Dropping It’s not because of retiring baby boomers, but rather because people in their prime working years are dropping out of the labor force. This week’s podcast discusses the Fed’s insistence that economic recovery is just around the corner now that the bad weather is behind us and … Read More →
The Fed on the Economy The Fed labels recent economic weakness as “transitory”. This week’s podcast discusses the Fed’s insistence that economic recovery is just around the corner now that the bad weather is behind us and that interest rates will be raised one day. Podcast Summary: 0:00-2:20 Introduction Review of The Federal Reserve’s Open … Read More →
Does the Fed Need to Raise Interest Rates Are rate increases necessary to combat de-dollarization initiatives? The Fed and De-Dollarization. A drop in foreigners holding U.S Treasuries may indicate declining demand. The Fed’s top allegiances are to its shareholder banks and the U.S. Government. If higher rates are needed to help the U.S. Government raise … Read More →
Russian Gold Reserves. Russian Gold Purchases in March 2015. After a two month hiatus from gold buying, Russia adds one million ounces of gold to its reserves in March Russia continues to shed U.S. Treasury Bonds as de-dollarization continues. Russia Boosts Gold Reserves, Sells U.S. Treasuries The Central Bank of the Russian Federation published its … Read More →
De-Dollarization and the Asian Infrastructure Investment Bank. As de-dollarization continues, paradoxically the dollar is rising. Fed talk still trumps international actions. Update January 5, 2016: China to launch Yuan Gold Fix De-dollarization accelerates while the U.S. Dollar Index (DXY) also rises. The DXY has risen nearly 20% the past year despite an acceleration of de-dollarization … Read More →
The Fed Removes the Word “Patience”. The Fed tries to prepare the markets for a rate hike, insisting the economy is doing better. The housing and economic recovery narratives incessantly peddled by the mainstream media are wearing thin as a stream of poor economic data pours in contradicting the narrative. Podcast Summary: Introduction:0:00-5:40 What Does … Read More →
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