Friday , 10 January 2025

Lorimer Wilson

New Reality: Earnings of +$126,000/yr. Now Required To Be Considered Middle Class (+2K Views)

The Pew Research Center’s recent report says that 49% of adults are members of the Great American Middle Class. My more qualitative analysis suggests that no more than 33% of U.S. households qualify as middle class. Claiming that 49% of the nation’s households are still middle class is a gross exaggeration and I substantiate my contention in this most interesting and revealing article.

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AirBnB: Filled With Hot Air – Or Appropriately Valued?

It’s clear AirBnB is quickly becoming a known entity among travelers and a more established mainstream brand and is poised to become more valuable than Marriott, Starwood, and Expedia. At first glance, the valuation looks rich, but the data suggests it might be right.

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Europe Introduced Bank “Bail-In” System Jan.1st – Can the U.S. Be Far Behind? (+2K Views)

On January 1st, 2016, a new bail-in system will go into effect for all European banks which means that, if you have more than 100,000 euros in a European bank right now, you are potentially on the hook should that bank go under. In the U.S. the Federal Reserve recently adopted a new rule that limits its ability to lend emergency money to banks. Is that the first step to European style bank "bail-in" legislation being enacted in America?

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Currencies of These Countries Have Been Replaced By, or Pegged to,the U.S. Dollar (1.8K Views)

It is the size, stability, and liquidity of a country’s financial markets that are the major underlying factors to determine the strength of a reserve currency and, as such, the U.S. dollar is the world’s most dominant reserve currency, making up about 64% of all official foreign exchange reserves. The USD is so dominant, in fact, that more and more countries around the world are pegging their currencies to the dollar as illustrated in this video.

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