Hourly Wages Down for the Month – Are Lower Paying Jobs with no Benefits the new Trend for Americans? 22 More Months like March and We’ll be Back to December of 2007.
For 26 long and arduous months the U.S. economy has been cutting jobs and setting up a situation where Americans had less and less money. This is problematic for an economy where such a large part of GDP growth comes from consumption. Yet on Friday we were notified that 162,000 jobs were added in the [...]
California Inventory Jumps from 3.8 Months to 5.8 Months in January – Total California Housing Inventory 154,000 Homes. How Many Homes are in Mortgage Limbo and Don’t Show up in These Stats? If we take Distress Data About 793,000 Homes.
Rarely do we ever see an actual total inventory report for California because this would require a count of each county in the entire state. I try to track all this data in a spreadsheet since obviously the most important item we have in measuring California real estate is the actual quantity of homes we [...]
How the Banking Industry has Created a Bubble in the Student Loan Market and Inflated Prices in Education by 500 Percent since the 1980s. The $500 Billion Student Loan Market.
The dream of going to college is deeply ingrained in our society. Education is usually a political win in any campaign and few will ever argue with this topic when it is brought up. As with many things in our current financial system creating a market where banks can enter into the fold has hyper [...]