Showing posts with label middle class. Show all posts
Showing posts with label middle class. Show all posts

Wednesday, June 3, 2015

Presenting The Next Great Source Of Middle Class Prosperity

Prior to the subprime mortgage bubble, households were using their home equity as ATM machines.  Today, it is possible to use one's automobile as collateral for more cash out loans.

So we have the student loan bubble to deal with.  Margin credit in investment accounts are soaring to all-time highs.  A roaring bond market bubble created by suppressing yields to zero.  A re-inflating bubble in certain real estate markets.  And now an auto loan credit bubble.

Awesome.

http://www.zerohedge.com/news/2015-06-03/presenting-next-great-source-middle-class-prosperity

Saturday, January 31, 2015

The Death Of The Middle Class And The Hard Truth

http://kingworldnews.com/death-middle-class-hard-truth/
Therefore, it is my prediction that Yellen will not be able to raise rates and will soon have to adopt a very bearish stance towards the dollar. After all, a hawkish interest rate policy is untenable for a Fed that is now paralyzed with the fear of deflation, especially while the rest of the world is frantically printing money. 

Our central bank will not have the courage to allow the dollar’s rise to continue.  And, it is inevitable that Yellen and her comrades at the Fed will soon follow the lead of our Treasury Secretary in talking the dollar down. That may be music to the ears of multinational corporations and our government; but will be the death knell for the middle class.
I would add "a debased dollar will be music to the ears of gold bugs."

Thursday, December 4, 2014

Fed says 'no inflation' but middle class reality says otherwise

http://finance.yahoo.com/news/middle-class-is-dealing-with-12--inflation--wsj-study-175947204.html
“The Fed doesn’t count energy, they don’t count food, they don’t count a lot of the stuff where prices move around the most.”

Tuesday, December 2, 2014

The Middle Class Spending Crash Explained

The middle class squeeze is in place.  But hey, government statistics insist inflation is benign, right?

http://www.zerohedge.com/news/2014-12-02/middle-class-spending-crash-explained