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No Wonder We’re Poorer: Wages’ Share of GDP Has Fallen for 46 Years

May 7, 2016

No Wonder We’re Poorer: Wages’ Share of GDP Has Fallen for 46 Years  The problem is that limiting financialization will implode the system. The majority of American households feel poorer because they are poorer. Real (i.e. adjusted for inflation) median household income has declined for decades, and income gains are concentrated in the top 5%: Even […]

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The Echo Bubble in Housing Is About to Pop

September 28, 2015

The Echo Bubble in Housing Is About to Pop  And here’s the knife in the heart of the Echo Housing bubble: declining household income. The Federal Reserve-induced Echo Housing Bubble is finally starting to roll over, and the bubble’s pop won’t be pretty. Why is the bubble finally popping now? All the factors that inflated the […]

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As the “Prosperity” Tide Recedes, the Ugly Reality of Wealth Inequality Is Exposed

September 18, 2015

As the “Prosperity” Tide Recedes, the Ugly Reality of Wealth Inequality Is Exposed This chart of median household income illustrates why so many of us feel poorer–we are poorer in terms of the purchasing power of our income. A rising tide raises all boats, from rowboats to yachts–this is the narrative of “prosperity.” A rising tide […]

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Whatever Became of Economists and the American economy

February 23, 2015

Whatever Became of Economists and the American economy According to the official economic fairy tale, the US economy has been in recovery since June 2009. This fairy tale supports America’s image as the safe haven, an image that keeps the dollar up, the stock market up, and interest rates down. It is an image that […]

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Olduvai IV: Courage
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