Tag "Alan Greenspan"

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Chart shows stock-market not at new highs

With the stock market soaring again, it seems that happy days are here again for the economy. Except a new Chart of the Day shows that the Dow Jones Industrial Average, when charted against the price of gold — the

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Middle class fading away…

The middle class in California and the rest of America keeps fading away under assaults from Republicans and Democrats, Presidents Bush and Obama, Govs. Schwarzenegger and Brown. The latest from AP: “Since 2008, the number of people who call themselves

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Phony ‘recovery': Home ownership at 18-year low

More proof there has been no “recovery”: “The U.S. homeownership rate, which soared to a record high 69.2 percent in 2004, is back where it was two decades ago, before the housing bubble inflated, busted and ripped more than 7

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Middle class being wiped out

Dec. 2, 2012 By John Seiler It’s not just the recent economic and political nonsense by both parties that’s hurting the middle class. It’s more than four decades of it. A new study finds: “The median net worth of American households

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