Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Income Inequality

Market Insanity

The Incredibly Shrinking Middle Class, Shrinks Some More

Pew reported that the middle class shrank significantly in nine out of 10 of the American cities it studied in May 11, 2016 press release. The Center’s disturbing findings are a follow up to an earlier study in which Pew’s researchers concluded: “The shrinking of the middle class at the national level, to the point where it may no longer be the economic majority in the U.S.”

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Market InsanityYou Missed It

Urban Revival Might Not be for Real

The most logical answers seem to be gentrification and income inequality. Gentrification is increasing housing costs in many urban areas, making them unaffordable for a lot of people. The average rent in Brooklyn was $2,723.46 a month in March 2016, according to MNS real estate.

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The Death Spiral

Are Malls Really Doomed?

That cherished and reviled American institution known as the shopping mall is facing the greatest crisis in its history. Many

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Crazy Stocks

Is Rent-A-Center Doomed or a Value Investment?

Income inequality is definitely increasing Rent-A-Center’s customer base, but it is not helping the company make any money. Instead, its latest earnings report from December 31, 2015, tells a tale of impending disaster.

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Long Ideas

Could Aldi Kill the Dollar Stores?

Aldi is a potent force that is already changing the American grocery business. It may not threaten the big guys, but Aldi will certainly change how and where Americans shop for milk and potato chips.

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Long Ideas

Is Income Inequality Killing Darden Restaurants?

The latest crop of Darden financial numbers, those from November 30, 2015, definitely do not justify the $61.93 a share the company was trading at on January 22, 2016. Some of the numbers are so bad they even cast doubt on Darden’s whole business model.

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My Thoughts

Could Alaska’s Oil Payment Be the Answer to America’s Income Inequality?

If Americans are serious about alleviating poverty and income inequality, we need to take a close look at Alaska’s basic income experiment. We should ask ourselves if something like the Alaska Permanent Fund could work on a nationwide basis.

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Politics

Why No Presidential Candidate Will Visit Beattyville

Judging by the candidates’ responses, it will take a violent upheaval of some sort on behalf of poor whites simply to attract the attention of the media and the political elite. One just hopes our leaders respond to that upheaval with compassion and common sense and not with bayonets and tanks.

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Politics

Income Inequality and the New Class Warfare

You can see the recipe for class warfare here. Most Americans can no longer afford the American Dream. The potential for social unrest and violence, particularly from those that fall through the cracks, is great. One result is open class warfare, often with ugly racial overtones.

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