Foodflation

Infographic: Foodflation – Since QE3, Breakfast Is Up Over 24%

Having pointed out the ‘surges’ in the cost of your 4th of July burger at the behest of Greenspan and Bernanke, we thought a reflection on the soaring costs of ‘the most important meal of the day’ were in order. As the following chart illustrates in words and pictures even a PhD Fed economist or CNBC…

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Student loan Delinquencies 2

Student Loans Soar To Record $1.111 Trillion, Up 12% In Past Year

We have covered the topic of the student loan bubble extensively in the past so we won’t waste more digital ink on where it comes from or what it means for the troubled US consumer, suffice to report that according to the Fed, in Q1 total Federal student loans rose by another $31 billion to a…

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for-rent

Rents Soar To Record High As Homeownership Rate Plunges To 19 Year Low

Each quarter, when we perform our regular update on trends in US homeownership and rents using Census Bureau data, we say that “The American Homeownership Dream is officially dead. Long live the New Normal American Dream: Renting.” One thing we added in 2013 is that the American Dream has now officially became a full-blown nightmare after mortgage…

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Dollar BandAid

16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse

  #1 Could you come up with $2000 right now?  According to a shocking study that was just released, most Americans could not… Forty percent of individuals in the U.S. said they could not or probably could not come up with $2,000 if an unexpected need arose, according to research by Atif Mian of Princeton University and…

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too-big-to-fail

Billions In Hidden Subsidies Going To Too-Big-To-Fail Banks

As the first round of submissions to the Federal Government’s Financial Systems Inquiry closed this week there was a timely reminder that the fundamental cause of the global financial crisis is still deeply embedded in the banking system. The world’s wealthiest and most powerful banks still operate behind the shield of being “too-big-to-fail” (TBTF), an…

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All Time High Collapse

Q1 2014 is Over – Check Out These 8 New ‘Record Highs’

If you’ve been a reader for any length of time, you know one of the things I periodically do is scan headlines for phrases like “record high” or “all time high”. The results can often given an interesting big picture perspective of what’s happening in the world. 1) President Obama’s disapproval rating hits a record HIGH…

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DebtBomb1

US now spending 26% of available tax revenue just to pay interest

By the 19th century, the Ottoman Empire had become a has-been power whose glory days as the world’s superpower were well behind them. They had been supplanted the French, the British, and the Russian empires in all matters of economic, military, and diplomatic strength. Much of this was due to the Ottoman Empire’s massive debt…

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