by Jason Apollo Voss | 01 10 2009 | Blog
Household debt currently sits at 125% of after-tax income! In the mid-90s, before the credit gluttony ensued, the number was around 80%. The slightly positive news is that the 125% is down slightly.
by Jason Apollo Voss | 01 10 2009 | Blog
For almost a year now I have been saying that one of the things that will lead to a solid recovery and lasting change is a change in the people who led us into this deep recession. Today it was announced that Bank of America’s CEO Ken Lewis will resign at the...
by Jason Apollo Voss | 01 10 2009 | Blog
A couple of important economic stats came in today, our old friends: consumer spending and jobless claims. Here’s how the data shook out… * Consumer Spending August consumer spending was up a robust 1.3% – the highest spending surge in 19 months....
by Jason Apollo Voss | 30 09 2009 | Best of the Blog, Blog
Yesterday the International Monetary Fund (IMF) disclosed its estimate of future bank losses due to the BURSTING of the mortgage bubble. The number: $1.5 trillion. Not exactly chump change. This amount is, however, $600 billion less than its April forecast. The...
by Jason Apollo Voss | 29 09 2009 | Blog
Not surprisingly consumer confidence dipped slightly in September. Given that there has not been a big improvement in the unemployment rate most consumers likely still feel gun shy. We have talked before about the virtuous or vicious cycle that exists between the...
by Jason Apollo Voss | 28 09 2009 | Blog
Hello everyone! I hope that everyone’s weekend was relaxing. Here in Santa Fe we had our first Indian Summer weekend with temperatures in the high-70s/low-80s. It was awesome. Last week’s stock market performance was the worst weekly performance since the...
