Let’s just cut to the chase: is the American dream affordable, and if not, what changes need to be made to this equation to make it affordable?
I’m one of those people who gets nervous when the market hits new highs amidst what looks like a deteriorating economy for the middle class…but I’ll try not to be a Debbie Downer so, “Happy New Record for the Dow Day!”
The plot thickens… Anybody want to hedge their bets about whether the SEC will have any teeth in this situation? By the way, Standard and Poor’s is at an all-time high today.
Feeling bad for anyone who went long on Whole Foods recently…quite a pullback today.
Herding the incomes of the young into deteriorating assets like housing is a dangerous misallocation of capital and investment. Investing heavily in housing means those incomes are not being invested in productive opportunities in other sectors of the economy, whether that is investment in the stocks of other companies, or individuals starting their own businesses.
The good news: once Obamacare kicks in, out of pocket health costs will be capped at about 6 K for individuals and 12 K for families. The bad news: you could still end up in bankrupcty if you don’t have that kind of money. But I believe most hospitals and health care providers can put you on an extended payment plan.
Marching forward in the new Gilded Age where the banks get bigger and bigger, even as they outsource more jobs to other nations…