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moneypitboss More Info

Last seen: 7 days ago

moneypitboss is a person from Los Angeles, California, USA

Digging through the net to find the best information on business, finance, and interesting tidbits of knowledge.

With sky high energy, a tumbling housing market, and crazy celebs running around my neighborhood, what is one to do?

  • Personal income for American worker - Median personal...

    Rated Jan 23 1 review money, finances, income, wealth financemymoney.com

    I'm struck by how many Americans think that wages in the United States are off the charts. The typical American worker is pulling in about $26,507. At least this is the median personal income in the United States. This works out to be about $500 per week which doesn't equate too much especially given the incredibly high cost of living. The recession has taken a big chunk out of the paychecks of most Americans but this trend has gone on even prior to the recession.
    Personal income for American worker - Median personal income for those working in America is much less than you would think | Finance my Money
  • Is college worth the money and debt? The cost of coll...

    Rated Jan 07 1 review business, education, money, college, loans mybudget360.com

    Is a college degree worth it? Since the debt bubble burst spectacularly in 2007 many more prospective students are questioning the worth of a college degree. For so many decades it was simply taken at face value that getting a college degree, any college degree would be worth it. Slowly this perception has morphed when annual tuition is running at $20,000 or more at for-profit institutions and $50,000 for private institutions. More to the point, most of the recent educational growth has been financed with large wallet crushing student loans.
       Is college worth the money and debt?  The cost of college has increased by 11x since 1980 while inflation overall has increased by 3x.  Diluting education with for-profits. and saddling millions with debt.
  • Ultimate money magician in the Federal Reserve and the...

    Rated Dec 22 2011 1 review banking, money, housing, finance mybudget360.com

    The Federal Reserve is the ultimate magician in concealing bad bets for the flawed banking system. Few in the history of the Federal Reserve have called them out on their shadow bailouts but people are starting to wakeup no thanks to the mainstream controlled media. Think about how insane it is to have a central bank that does not even report to the people of the country it serves and is able to destroy the currency by bailing out bosom buddy bankers at the expense of the population. How is that even possible?
       Ultimate money magician in the Federal Reserve and the art of shadow bailouts - The continuing secretive bailout of the $3.5 trillion commercial real estate market.
  • 8 charts from a brave new banking and economic system ...

    Rated Dec 11 2011 1 review economics, banking, money, finance mybudget360.com

    The Federal Reserve has been going back and forth with reporting from Bloomberg regarding the massive bailouts and loans made to the financial sector during the crisis. What is rather astonishing is the ability to discuss trillions of dollars of loans made to largely irresponsible financial institutions with absolutely no oversight. Like an angry couple on Maury Povich, only an objective outsider can see how dysfunctional the relationship has become. All of this happened in the shadows. What is more astonishing is a large amount of questionable assets that were shifted from bank balance sheets are still sitting comfortably in the balance sheet of the Federal Reserve.
       8 charts from a brave new banking and economic system - Federal Reserve refutes bailouts yet fails to address inflated questionable assets on their balance sheet.  Do you think a $7 billion insurance fund can support the $9.7 trillion in deposit
  • When the clock strikes 12 - the midnight economy of fo...

    Rated Dec 03 2011 1 review business, economics, money, economy, finance mybudget360.com

    We have a serious economic crisis on our hands and the media simply fails to acknowledge it. You might be waking up to the first of the month thinking the wheels of the economy are fine. Yet silently, millions of Americans drive into mega supercenters like Wal-Mart only to wait for their monthly allotments of food assistance so they can pay for basic groceries. This trend is so prevalent that certain Wal-Mart centers are fully staffed at midnight since a large part of our society is waiting for that first day of the month to purchase food for their family. 46 million Americans are now receiving food assistance. How is this issue swept under the rug?
       When the clock strikes 12 - the midnight economy of food assistance.  Millions of people shop on the first of the month because electronic food assistance cards are credited.  The lost wages of a decade and a Fed determined to bailout the world.
  • Italy facing contagion from Greece. The European debt...

    Rated Nov 30 2011 1 review banking, money, markets, finance, euro financemymoney.com

    Italy is now facing the spillover effects from the European debt crisis brought on by Greece. Greece was merely a tiny domino in the bigger scheme of things and Italy is now being put into the spotlight. Tragically the hope was being misplace in the idea that somehow Greece would be solved and no further contagion would be spreading throughout Europe. That is now apparent not the case and it is likely that some major haircuts are going to be coming down the pipeline.
    Italy facing contagion from Greece.  The European debt crisis spreads.  Spain up to 21.5 percent unemployment rate. | Finance my Money
  • Crisis of generations - younger Americans moving back ...

    Rated Nov 19 2011 1 review economics, investing, education, money, finance mybudget360.com

    From the page: "The United States has over 4,000 college institutions many which have been raising tuition and fees far faster than the overall rate of inflation. Combine this with a younger and poorer population and you have a recipe for massive debt serfdom. As the recession drags painfully on, being the deepest and longest economic contraction since the Great Depression many people are questioning once deeply held mantras of economic prophesy. A home never goes down in value. You canâ€t go wrong with a college education. Of course these hollow statements mean little without further examination of the details."
       Crisis of generations - younger Americans moving back home in large numbers.  Student loan default rates surging largely due to for-profit college expansion.
  • Un-preparing the future with the higher education bubb...

    Rated Nov 04 2011 1 review education, money, college, finance, debt mybudget360.com

    The higher education bubble only continues to spiral out of control because the profits are so good for the massive banking industry that is pushing student loan debt to the trillion dollar level. At the same time the return on investment in education has been slowly diluted as more for-profit degrees enter the market place and water down what it once meant to have a bachelor's degree. If you can get what is the equivalent to a piece of paper and claim you have an education then the marketplace is going to add more scrutiny to those that graduate.
       Un-preparing the future with the higher education bubble - graduating students with more debt and with degrees that have little demand in the marketplace.  For-profits now account for nearly 10 percent of all undergraduate enrollment when in 199
  • The walking debt - U.S. public debt now surpasses $15 ...

    Rated Oct 29 2011 1 review banking, money, finance, debt, savings mybudget360.com

    It can be argued that the world is suffering from an epidemic of chronic debt. The financial sector loves to play on words and would rather call certain debt issues as a credit crisis as if it were a temporary thing like a mid-life crisis. This is also similar to renaming junk bonds to something more user friendly like a household pet, high yield bonds. There seems to be a naïve euphoria that the problems in Europe are now resolved. Nothing has been resolved aside from forcefully cramming down write-downs and creating more debt to bailout more financial institutions.
       The walking debt - U.S. public debt now surpasses $15 trillion.  The financial sector has wreaked disaster in the American economy. Wall Street banks cause havoc in housing and student loans.
  • I dream of California cognitive dissonance - Many...

    Rated Oct 22 2011 1 review real estate, banking, money, housing, finance doctorhousingbubble.com

    California is an odd sort of beast. Our economy and politics feel like a speedboat going around in circles while the passengers stare at the gas needle dropping to empty. Given this context it should be no surprise that we took the housing bubble to an entirely different level. Many Californians suffer from a sort of cognitive dissonance whereby they desire high levels of public service yet do not want to pay for it. We see this in polls where people desire to have higher services yet rather not pay for it. Obviously these kinds of desires encounter reality traps once we factor in numbers.
    I dream of California cognitive dissonance - Many Californians expect high level of services without paying the cost.  The typical mortgage payment for those that bought last month was $964? &  Dr. Housing Bubble Blog