Chart of the day: Debt to GDP

Since the beginning of the bull market in 1982, the U.S. has become a society hooked on debt. Total debt (including financial services companies) has nearly doubled as a percentage of GDP in those 25-odd years (from 133% of GDP at $4…

Spanish property market implosion

The Telegraph reported Friday that sales in the Spanish property market have plunged and many British vaction home investors will find themselves under water."In the clearest sign yet that the boom is over, the developers said the combined…
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Avoid consumer stocks

As the downturn takes hold in the U.S., the obvious dilemma for investors is knowing which sectors to avoid. Financial stocks are a sector obviously fraught with risk as they have already sustained enormous losses with many more to come as…

Home Equity Lines Pulled

First the banks won't refinance, then they won't restructure mortgages, now they're pulling out all stops in this mortgage mess. They are pulling existing home equity lines of credit. That's right, in a feeble attempt to save their sorry…

Conspicuous Consumption

I happened upon an article at "The Moderate Voice" about "Conspicuous Consumption" originally posted on UPenn's Wharton Business School's website. It's a great piece of research which explains nicely in part why Blacks and Hispanics tend…

US Recession Signals

The U.S. has been flashing red regarding recession for some time despite the naysayers.First, let me define recession because you usually hear that it's two consecutive quarters of a decline in real GDP. Not exactly. The National Bureau…

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