Tag Archives: household income

How Many Slots Are Open in the Upper Middle Class? Not As Many As You Might Think

Not only are there not that many slots in the upper middle class, the number of open slots is considerably lower. If America is the Land of Opportunity, why are so many parents worried that their princeling/princess might not get … Continue reading

Posted in General | Tagged , , , , , , | 5 Comments

Our Marginal Economy

Before you buy another ticket for the Bull market bandwagon of “don’t fight the Fed,” perhaps you should take a look at the quality of the debt the Fed has enabled and the diminishing returns on all that debt. The … Continue reading

Posted in General | Tagged , , , , , , , , | Leave a comment

Can the Top 10% Prop Up the Whole Economy?

Is the top 10% up to the task of borrowing and blowing enough money to prop up a debt and bubble-dependent economy? Since the entire economy depends on consumption for its “growth,” and discretionary consumption is financed with either cash … Continue reading

Posted in General | Tagged , , , , , , , | 2 Comments

The Destabilizing Truth: Only the Wealthy Can Afford a Middle Class Lifestyle

The “middle class” has atrophied into the 10% of households just below the top 10%. The truth is painfully obvious: a middle class lifestyle is unaffordable to all but the top 20%. This reality is destabilizing to the current arrangement, i.e. … Continue reading

Posted in General | Tagged , , , , , , | 7 Comments

Are You an Elitist? Class Warfare and the New Nobility

Class warfare reflects a dysfunctional divide-and-conquer society. One of the easiest ways to put someone on the defensive in America is to accuse him/her of being an elitist. The power of this accusation derives from a complex mix of dynamics. At … Continue reading

Posted in General | Tagged , , , , , , , , , , | 8 Comments