Student Loans

The Real Reason Wages Have Stagnated: Our Economy Is Optimized For Financialization

Labor's share of the national income is in freefall as a direct result of the optimization of financialization. The money flows to those with the capital, credit and expertise to optimize financialized skims. As for selling one's labor in an economy optimized for capital and the asymmetries of finance - there's no premium for labor in such an economy...

The 5 Steps To World Domination

You don't need an army to achieve World Domination; all you need is enough cheap credit to buy up everything that generates the highest value and/or income.

The New American Dream: Rent Your Home From A Hedge Fund

"...there’s essentially an ‘arms race’ building among the world’s biggest funds to control the market, squeezing small, individual investors out of the 'buy-to-rent' housing market...the American Dream of owning your own home has been fading."

U.S. Restaurant Industry Stuck In Worst Collapse Since 2009

After 17 consecutive months of continuous declines for the restaurant industry - the longest stretch since 2009 - the end of the tunnel for the restaurant industry is nowhere in sight, and according to the latest monthly data, there was a sharp deterioration in the latest monthly data.

UBS Explains Why The Next Credit Unwind Will Be Unlike Anything We've Seen Before

Several weeks ago, Janet Yellen boldly declared "I don't believe we will see another crisis in our lifetime."  For the rest of us who live in reality there is little doubt that the latest Fed-fueled credit bubble will eventually burst in epic fashion and once again lay waste to the personal balance sheets of millions of Americans.  The question isn't so much 'if', but rather 'how' and 'when.'