By Mike Stathis
Mike Stathis holds a Master’s of Science in biological chemistry and biophysics from the University of Pennsylvania and was formerly a National Science Foundation research fellow at U.C. Berkeley. Mike serves as the Chief Investment Strategist of AVA Investment Analytics. As the only expert who predicted the financial apocalypse in detail, Mike has been a valuable source of guidance for investors, helping them to navigate the real estate and banking crisis, as well as the resulting global economic collapse. The accuracy of his predictions has positioned him as one of America’s most insightful and creative financial experts. He is the author of America’s Healthcare Solution, The Wall Street Investment Bible, America’s Financial Apocalypse, Cashing in on the Real Estate Bubble, America’s Financial Apocalypse, and The Startup Company Bible for Entrepreneurs.
From the article:
“Washington does not want Americans to understand the real economic problems facing their nation because it’s all about maximizing corporate profits at any expense, as one would expect from a fascist government. This is specifically why profits have remained near record-highs throughout the current recession, now entering its 59th month.”
– The truth about America’s jobless rate (PressTV, Oct 30, 2012):
In many respects, much if not all of the economic gains made in the United States from the past decade have been wiped out due to Wall Street malfeasance. Looking forward, I expect America to lose at least another decade.
While some of the economic turmoil is certainly due to the biggest real estate collapse in US history, a much larger portion is the result of the weak job market which is likely to persist for a number of years.
Although the real estate market appears to have bottomed, you should not expect anything other than a very gradual rise from here. In the absence of bubble conditions, the rate of real estate appreciation generally tracks that of inflation.
The biggest lift to the real estate market would come from lasting improvements in the job market. Thus, it is important to identify the real reasons for the persistently high unemployment rate so that adequate solutions can be designed. If the factors accounting for the continued weakness in the labor market are not addressed, America stands a good chance to lose much more than a decade.