Andy Sutton's Extemporania

Editor’s Notes – The fed has two mandates. 1) Price stability. 2) Maximum employment. Why are they tasked with regulating banks now? What is even more disconcerting (or should be anyway) is that JPMorgan is one of the primary shareholders of the fed to begin with. The idea of the [...]

Since the housing bubble burst spectacularly in late 2007, many analysts have been actively seeking out the next likely explosion. Rest assured, it will be related to debt in some way. US Treasuries, credit cards, and potentially another disaster on Wall Street thanks to over-leveraging have all been mentioned as [...]

Editor’s Note – Hats off to Neil Dutta for actually tagging one of the real causes for the explosion in student debt. In reality, the jobs situation only magnifies the root cause of the rapid growth in student loan debt – the guarantee of availability of loans by the USGovt. [...]

Editor’s Note – This should not be taken as a political endorsement, but rather is presented for those who are willing to think critically about the myriad fiscal and economic issues facing this country. If you’re 30 or older, stop reading. This isn’t for you. This is for America’s sacrificial [...]

Two Federal Reserve officials warned Tuesday that the U.S. could be heading for a “fiscal cliff” at year’s end if mandated tax increases and spending cuts are implemented. Charles Evans of the Chicago Fed called the cliff a “big uncertainty” while Atlanta Fed President Dennis Lockhart said there could be [...]

Lost among never-ending talk in the mainstream media about the ‘modest recovery’ being experienced in America have been some rather poignant headlines that are telling a completely different story. I’ve used up many weeks to outline the flaws regarding how our economic growth is measured and suggest more responsible alternatives. [...]

Editor’s Note: Couple this with the post below on disability benefits. We certainly are becoming a very ‘dependent’ society. If the economy were really getting better, these trends would be going in the opposite direction. The Congressional Budget Office said Thursday that 45 million people in 2011 received Supplemental Nutrition [...]

Edtor’s Note: Check out that chart. The number of people on disability has been going up since the early 1990′s. This coincides rather nicely with the time that consumer borrowing really started to take off. Let’s set aside the politics and think critically; does this have to do with who [...]

Editor’s Note: Since the government knows real wages are falling, they put this beaut out there – collect unemployment even when you’re able to find a job at McDonalds or WalMart. Of course the entirety of this subsidy will be piled onto the already massive government debt (which you and [...]

Editor’s Note: Once again, the real metrics unspoken of in the MSM have told the story. Seriously, how many times have you heard the term ‘velocity of circulation’ mentioned on CNBC??? The continued collapse of monetary velocity is indicative of an economy that is producing fewer and fewer actual transactions. [...]