Independent thinking for complex markets and current events
Brace yourselves for the economic storm! The heartland of America is trembling as the median mortgage payment skyrockets to an unprecedented $2,894 per month, shattering all previous records. But the nightmare doesn’t end there. In the wake of Bidenomics, renters and prospective homeowners are being mercilessly squeezed, with only those fortunate enough to have secured …
by Michael If you are like most Americans, the cost of living has been going up much faster than your income has been. Right now, millions of Americans that were once prospering are now deeply struggling. When I was growing up, most of the population could afford to live “the American Dream”, but now that …
The vanishing American Dream is starkly evident as a study by @GOBankingRates reveals that every state needs over $100,000 yearly income to attain it. Meanwhile, households, burdened by credit card debt, struggle to maintain spending, posing critical questions about future trends in 2024. The American Dream is Disappearing@GOBankingRates found that all fifty states require more …
ABCNEWS: State law takes US a step closer to popular vote deciding presidential elections “After much public debate, a Maine law has brought the country closer to having the popular vote determine the winner of national presidential elections — but it’s unlikely that will happen before November or even at all. Earlier this week, Maine …
Beware: private equity firms buying homes could spell America’s perpetual financial downfall. The looming specter of insurmountable debt threatens the dream of homeownership for countless young Americans, ushering in a bleak future. As distressing foreclosure sales like the one in Washington DC illustrate, the erosion of property rights and the unchecked power of corporations loom …
Mom, 28, forced to sell her dream car after forking out $40,000 in INTEREST alone over three years – as America’s auto debt spirals to $1.6 TRILLION. Despite paying $1,400 a month in payments totaling more than $50,000, she still owes a balance of $74,000 to her lender – GM Financial. Not only did she …
Los Angeles, where Hollywood and its glitter shine, attracts tourists from all over the world. But behind the glittering facade, it’s another image of the golden state. Homelessness, poverty, unemployment, California is far from the American dream.
The classic “American Dream” — marriage, two kids, homes, healthcare, cars and education — is now an estimated $3,455,305 over the course of a lifetime, according to a new study from Investopedia. The key element of the study is that anyone can rise from “rags to riches,” enjoying upward mobility and becoming financially successful, according …
I strongly support free markets. But this corporate large-scale buying of residential homes seems to be distorting the market and making it harder for the average Texan to purchase a home. This must be added to the legislative agenda to protect Texas families. https://t.co/VBs6Rluh3K — Greg Abbott (@GregAbbott_TX) March 15, 2024 Recent revelations have shattered …
The US birth rate has fallen by somewhere between 14% and 20% since 2012, depending on the estimate per Bloomberg. Today, about 35% of women ages 25-44 have never given birth, almost double the number in 1976. — unusual_whales (@unusual_whales) February 14, 2024 Both my granddads owned homes, had no degree and had multiple children …
Belief in the so-called “American dream” that hard work is rewarded was found to be a minority position among every demographic group polled. Two surveys released Monday provide troubling insight into Americans’ cost of living and overall faith in the country’s economic system. The first, based on Census data and information from the car shopping …
In case you wonder why media thinks the economy is so good 🫡 https://t.co/0GAKoFrahd — Peter St Onge, Ph.D. (@profstonge) January 2, 2024 The rise of the "Welfare Industrial Complex" Why are GDP and jobs defying slowdown predictions? Because most new jobs — 56% — are disguised government spending. In states like Illinois and New …
As the United States strives to regain a sense of normalcy after the pandemic, a growing financial concern is looming over the nation. According to Bloomberg, the cost of living has surged in various aspects, with groceries marking a 25% increase, used cars seeing a staggering 35% climb, and rents escalating by approximately 20%. While …
Weddings can be pricey and not everyone has the luxury of a hefty bank account or generous parents to foot the bill. But one couple is trying a different approach by asking strangers on GoFundMe to pay for their big day. One person took to social media to share that a couple she knew were …
by Brickhouse D We pay payroll taxes, I’m currently at 24%. Then we pay taxes on everything that we purchase with the money that we paid taxes on before we even got it deposited in our bank accounts. We also pay State income taxes. I own my home and my property taxes are almost $17,000 …
by Michael For a long time, it has been clear that the middle class is being systematically destroyed. The cost of living has been rising faster than paychecks have for years, and this has pushed millions of Americans into poverty. As for those that were already impoverished, many of them have been pushed out into …
Google’s ambitious dive into the world of electric transportation faced an unexpected roadblock… or rather, a hill. According to World Peace Exclusive, the tech’s lauded “100% Electric Bus” took on San Francisco’s iconic hilly terrain, only to lose power midway up, roll backward, and turn into a four-wheeled pinball, colliding with reportedly a total of …
Due to the housing bubble, much higher interest rates, banking crisis and the softening economy. The middle class are being thrown to the curb on house ownership. You will own nothing. These are medians, people Sure, everyone knows a plumber foreman, nurse practitioner, construction manager, and tenured teacher making bank That is not the NORM …
In 2008 the soft landing dream was alive through the end of August, 9 months into the recession.https://t.co/SkNWeYEFFu — Eventually Consistent Capital (@EventuallyCC) August 8, 2023 “Soft landing” news on @business is now higher than in 2000 and 2007. #macro https://t.co/4hl26TWkMQ pic.twitter.com/j329uSp4ch — Kantro (@MichaelKantro) August 8, 2023 Demand for bank loans in the corporate …
Reverend Carey, a Black civil rights activist from Chicago, was a Republican city councilman and judge. He served in the Eisenhower administration as delegate to the United Nations. The President also named him to his Committee on Government Employment Policy https://www.thegatewaypundit.com/2023/07/71-years-ago-today-black-republican-archibald-carey/?utm_source=rss&utm_medium=rss&utm_campaign=71-years-ago-today-black-republican-archibald-carey 71 Years Ago Today: Black Republican Archibald Carey Delivered His “I Have a Dream” …
George Carlin: “They call it the American Dream because you have to be asleep to believe in it.” The American Dream is alive and well for most, but the younger generation and less educated do not share such optimism, according to a new poll conducted by NORC – University of Chicago. In a survey of …
A single family home and a yard…. that is a wonderful dream. Oddly it was reality throughout much of Europe and much of history. The home might be modest, and the “garden” or yard filled with livestock, but it worked. Germany has always lagged behind poorer countries like Spain and Italy in the rate of …