The 5 Percent Solution: How 5 Percent of the Workforce Generated 40 Percent of U.S. Business Profits and all of it was a Ponzi Scheme.
From 1948 to the early 1980s the financial industry in the U.S. generated from 5 to 15 percent of all U.S. business profits. In the early 1980s this started to creep higher and higher. It reached a triumphant climax generating over 40 percent of all U.S. profits at the height of our financial bubble. The [...]
The Economic Double Standard: Can Inflation Occur with Housing Prices Falling?
It might seem like cognitive dissonance to think about inflation in the midst of falling housing prices. The Consumer Price Index (CPI) tracked by the Bureau of Labor and Statistics shows that housing makes up 43 percent of the entire index. Of this, 24 percent is made up of a category called owners’ equivalent rent [...]
401k Investing: Is the 401k a Relic of Past Investing Models? S&P 500 versus Certificate of Deposits.
Given the current investing climate, I think many people are questioning their investment strategy with the 401k. Many have been led to believe that stock markets will always return 7 to 10 percent on an annualized basis. Yet that is not the case. In fact, as of March of this year if an investor had [...]