The Synthetic Recovery – Wall Street banking success dependent on destroying the productive sectors of our economy.
I’m certain that many of you are taking a glimpse at the bread and circus Goldman Sachs hearings. At one point in the hearings, an attempt to define derivatives came up. Yet when the Goldman bankers tired explaining their derivative bets, it came out as contempt for the public and representatives. They rather not explain [...]
America’s Working Poor: How 12 Million Americans went from Working Poor to Food Stamps in Two Years. 38 Million Americans in Poverty by Government Statistics. The Importance of Education in Pulling People out of Poverty.
The middle class in America has been under assault for years but this recession only magnified the issue. Most Americans, 6 out of 10 own their home and this is where most of their wealth is stored. Yet the housing bubble bursting has wiped out much of what they once thought was part of their [...]
Los Angeles County has 2,205 Homes that are valued at $1 Million or More in Shadow Inventory. MLS Only Lists 32 Foreclosures with a Price Tag of $1 Million or Higher.
Million dollar home sales in the state continue to fall. In 2009 California saw 18,621 homes sell with a price tag of over $1 million. That is a far cry from 2005 when over 54,000 homes sold with a price of $1 million or more. But one thing that is rarely mentioned is this massive [...]