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Sellers Starting to Emerge in the Bull Market The stellar rally in global equity markets appears to be far from over. Still, some market watchers say they are starting to spot something that they haven’t seen for a while: sellers moving back in. Fueled by monetary stimulus from major central banks, stock markets in the U.S., Europe and Asia have enjoyed seven months of strong gains, with the Dow Jones Industrial Average [...] mybudget360.com / by mybudget360 / April 19, 2013 US households are tapped out with debt. Debt matters. Contrary to what is being spouted out over the airwaves having too much debt does cause problems. American households tipped over this point when total household debt reached annual GDP. This is a critical juncture and results in massive deleveraging. There doesn’t seem to be answer or really a major priority in trying to figure out [...] More than four in 10 Americans are living paycheck to paycheck and nearly one in 10 doesn’t earn enough to pay for essentials, according to a study released Tuesday. The survey, conducted for the Allstate insurance company by FTI Consulting Inc., underscored the conflicted emotions and attitudes about personal finances among ordinary people. It showed the challenges that people are facing in a soft economy and troubled labor market, but it also [...] Mac Slavo
Grocery stores may still be stocked with food and most Americans are still able to keep their family’s fed, but with 50 million Americans requiring government assistanceto do so and prices on a seemingly never ending rise, how long will it be before the situation becomes unmanageable?
“The global food crisis you need to prepare for is now imminent. For the past six years the world has consumed more food [...] by Michael Snyder
#1 As the economy has declined, the number of Americans living month to month has soared. At this point, millions upon millions of Americans are living without any financial cushion whatsoever. If you can believe it, one recent survey found that28 percent of all Americans do not have a single penny saved for emergencies. Another survey found that 42 percent of all American workers are currently living paycheck to paycheck. #2 Thanks to horribly oppressive [...] by Donna Freedman I got a big income tax refund last year. Well, I would have, if I hadn’t applied it toward the quarterly taxes I pay as a freelancer. What are you going to do with your refund, if any? My MSN Money colleague Liz Pulliam Weston suggests spending 10 percent of any windfall on something non-essential. But don’t let the rest of the money trickle away. I’m not going to address the idea that tax refunds are of the devil, i.e., [...] Via The Daily Sheeple: Consider the predicament you’d find yourself in if your employment or source of income were terminated as of right now and that regular paycheck on which you depend to pay the rent, food, car, insurance and discretionary consumption stopped coming your way. The world as you know it would almost immediately cease to exist. In a country where nearly 50 million require government assistance to put food on [...] Zachary Roth The recovery is weak now–but it could be headed for a major hit that will leave it even weaker. At the start of 2012, the extended unemployment benefits approved by Congress in December 2010, which cover a maximum of 99 weeks per person, will expire. Though the benefits are hardly lavish–a little more than $300 a week for most recipients–their total impact on the economy is [...] From MyBudget360 Retirement account fantasy and middle class erosion – 1 out of 3 Americans has zero dollars in a retirement account. From 1950 to 1989 top 1 percent earned roughly 7 to 8 percent of nationwide income. Today it is inching closer to 20 percent resembling pre-Great Depression levels. Many Americans live precariously close to the edge of financial insolvency flirting with economic disaster daily. If you casually [...] by Davos Here’s an article that has a pretty good breakdown on the poverty issue: 43.6 million Americans lived in poverty in 2009 |
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