Mathew Owens's (ocgproperties) Blog

Read any introductory college economics book you wish, most will tell you that there is no way the amount of public debt can outstrip the productive capacity of a wealthy, developed nation like the United States. Just five year ago this claim may have been plausible but at present the US has real...

  The Memphis-Shelby County Economic Development Growth Engine (EDGE) board recently met on Wednesday, Dec. 21 to grant a 15-year tax freeze to Valero Energy Corp. provided that the company follows along with planned investments and upgrades to its Memphis facility totaling more than $298 million...

  As far as media and the typical American household are concerned, it would appear that dinner table conversations are limited to unemployment rates and mob mentality depictions of Occupy Wall Street demonstrations. Even self-dubbed business programs purposely omit any information pertaining to ...

  The student loan market relentlessly makes it way to and past the $1 trillion mark, having outstripped credit card debt, estimated at around $850 billion. According to the U.S. Department of Education, the national student loan cohort default rate increased from 7.0 percent in the fiscal year 2...

  Newspaper headlines of late are quick to detail what little sign of national economic stability they can; some job growth here or a sign of stock market recovery there. And while it may be true that the S&P 500 is up 77 percent from the lows of March 2009–especially good for big-time stock mark...

        In a recent effort to encourage spending by consumers, the Federal Reserve promised to hold short-term interest rates near zero at least through mid-2013. A plan to lower long-term rates followed suit in September. Unfortunately these lower rates make it harder for savers to hold onto the...

  These days the average American household has an average of $15,799 in debt, a number found by dividing the total revolving debt in the United Sates ($793.1 billion as of May 2011 as listed in the Federal Reserve’s July 2011 report on consumer credit) by the estimated number of households carry...

  This month’s stock market declines, the battle over the federal debt ceiling and the European debt crisis have deepened American pessimism for the national economy and housing market at large.  Despite this gloomy outlook we can actually expect home prices to rebound within the next two years, ...

  With the stock market tumbling, many investors are looking to stable cash flow investments backed by a hard asset such as real estate.  Most investors realize that the ponzi scheme of the stock market keeps investors in high risk and highly volatile investments.  Simply put, its gambling!  The ...

In the year 2001, the national debt stood at $5.8 trillion. Today that figure has more than doubled to $14.3 trillion. This $9 trillion increase over the past ten years can be attributed to government expenses, particularly with the 2001 and 2003 tax cuts, additional interest costs, and also the ...