The Economy

The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now

How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment. You might think that I am talking about the United States, but I am actually talking about Europe. You see, the truth is that the European Union has a larger population than the United States does, it has a larger economy than the United States does, and it has a much larger banking system than the United States does.

Most People Cannot Even Imagine That An Economic Collapse Is Coming

The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans. After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new heights. On Friday, the Dow and the S&P 500 both closed at brand new all-time record highs.

Does This Look Like A Housing Recovery To You?

We just learned that the homeownership rate in the United States has fallen to the lowest level in 19 years. But of course this is not a new trend. As you will see in this article, the homeownership rate in the United States has been in a continual decline for more than 7 years.

New college hires don’t last more than a year: Survey

Businesses don’t have much faith that recent college hires will stick around for very long, a new survey finds. Based on experiences, 77 percent of businesses expect a recent graduate hire to stay less than a year. The survey was conducted by Express Employment Professionals-which polled 115 of its franchise outlets across the U.

50 Percent Of American Workers Make Less Than 28,031 Dollars A Year

The Social Security Administration has just released wage statistics for 2013, and the numbers are startling. Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000. If you worked a full-time job at $10 an hour all year long with two weeks off, you would make $20,000.

Oh marone! Pasta prices set to spiral higher

One case where that is especially prevalent is with durum wheat, the key ingredient in most pasta making. The 2014 harvest looks to be weak in 2014, putting heavy pressure on a market that has shown consistent price movement higher. David Maloni, president of the American Restaurant Association, explained Wednesday in his daily note titled, “Pasta buyers beware”:

7 Things The Middle Class Can’t Afford Anymore

In its discussion of historical middle class societies, The Economist reports, “Their members are neither rich nor poor but somewhere in-between…’Middle-class’ describes an income category but also a set of attitudes…An essential characteristic is the possession of a reasonable amount of discretionary income. Middle-class people do not live from hand to mouth, job to job, season to season, as the poor do.” Some argue that the most sensible income amount to attach to the middle class would be the median household income, of around $54,000.

19 Very Surprising Facts About The Messed Up State Of The U.S. Economy

Barack Obama and the Federal Reserve are lying to you. The “economic recovery” that we all keep hearing about is mostly just a mirage. The percentage of Americans that are employed has barely budged since the depths of the last recession, the labor force participation rate is at a 36 year low, the overall rate of homeownership is the lowest that it has been in nearly 20 years and approximately 49 percent of all Americans are financially dependent on the government at this point.

Highly educated, unemployed and tumbling down

In the upside-down, topsy-turvy world of jobs these days, even an advanced degree can’t protect some Americans from tumbling down the economic ladder. The conventional wisdom that more education bears fruit in the labor market gets turned on its head when it comes to unemployment. For people with masters and even doctoral degrees, long-term unemployment is especially insidious.

California Poverty Rate: 23.4 Percent

California continues to have – by far – the nation’s highest level of poverty under an alternative method devised by the Census Bureau that takes into account both broader measures of income and the cost of living. Nearly a quarter of the state’s 38 million residents (8.9 million) live in poverty, a new Census Bureau report says, a level virtually unchanged since the agency first began reporting on the method’s effects.

Consumer confidence drops sharply in September

Consumer confidence fell sharply in September after hitting a seven-year high the previous month. A closely watched index of consumer confidence tumbled to 86 from 93.4 in August after rising four straight months, the Conference Board said Tuesday.

Jobs gained during the recovery pay an average 23 percent less than the jobs lost during the recession

As the so-called “recovery” continues, the facts just inconveniently get in the way, if you dare to look beyond the lamestream media. In a mere 6 years, since the recession began, wages have dropped substantially. “Jobs gained during the economic recovery from the Great Recession pay an average 23% less than the jobs lost during the recession,” according to a new report released by The U.

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