Saturday, May 12, 2007

Please Mind The Gap
...Ave Caesar, Morituri Te Salutant (*)

As real estate values and consumer spending drop across the US, many analysts are betting the economy will carry through based on the stockmarket's continuing positive performance. Their hopes are misplaced.

For one, rising share values are not creators of economic activity in and of themselves but mere representations of the price for assets that produce an income stream (i.e. profits and dividends). If the underlying economy is not creating enough demand for goods and services the income streams will soon diminish and so will the value of the assets. Monetizing assets through debt (i.e. taking out loans against homes or shares) can create a temporary artificial boost to growth, but only at the price of even lower growth later, when interest payments demand a higher percentage of income. The banker will have his "pound of flesh" and the debtor will do with less.

For another, a very small percentage of Americans own the vast majority of all stocks, i.e. the benefits of rising share prices are concentrated to a tiny fraction of the population. As the table below shows, the top 20% of Americans own 90.6% of all stocks, while the bottom 80% own just 9.4%. What's more, even within the top 20% there is heavy ownership at the very high end of the wealth class (the top 0.5% owns 28%).


This huge gap between the "haves" and "have nots" refutes all claims about an "ownership society": it's clearly a myth. Furthermore, it is a dangerous myth because it lulls the vast number of people into thinking all is well (and borrowing for groceries against their homes), just because some irrelevant share index is making new highs.

This is so much like Rome in the 2nd and 3rd Century AD: the plebs were content with gory spectacles in the Coliseum, the emperors and the porcine senatorial class partied on Palatine Hill and the Empire slowly crumbled all around them. I wonder, did they have a Games Index back then? I bet they did...

(*) Hail Caesar, those about to die salute you.

7 comments:

  1. Are phthalates in Tupperware the modern version of the lead pot theory?

    Jason B

    ReplyDelete
  2. > For another, a very small percentage of
    > Americans own the vast majority of all
    > stocks, i.e. the benefits of rising
    > share prices are concentrated to a tiny
    > fraction of the population.


    Oh, for heaven's sakes, this is totally fatuous. I thought you knew better. The "benefits" include the expansion and creation of new companies and industries, which benefit everyone. Furthermore, when the crash comes, the "wealthy" will fall the hardest. What goes around comes around.

    Sincerely,

    John

    John J. Xenakis
    E-mail: john@GenerationalDynamics.com
    Web site: http://www.GenerationalDynamics.com

    ReplyDelete
  3. While it is true that a vibrant market has longer-term positives (when based on sound fundamentals and not excess speculation and debt), it is not a substitute for increased personal income generated by rising wages.

    In the presence of crushing debt and the drop in real estate values that serve as collateral, the "wealth effect" from rising shares can only go so far before it become meaningless - except for the top 5%.

    ReplyDelete
  4. Kind of a basic question here:

    What's the income levels or net worth breakdowns of the top .05% and so on down the line? Just wondering how the "middle class" fits into the chart.

    Hoax Meister

    ReplyDelete
  5. The Net Worth breakdown is on the last column of the table, labeled...well,,, Net Worth (smile).

    The top 0.5% own 25.3% of the total Net Worth. The "bottom" 80% (i.e. just about everybody) owns a minute 15.3% of the total net worth.

    Middle class? What middle class? Maybe it existed in the 1950's or 60's. We are back in the Gilded Age: The Stupendously Rich, The Very Rich - and Everyone Else, that live off the crumbs that fall from their tables.

    Why do you think they called it the trickle down theory?

    ReplyDelete
  6. blonde passions -
    brandy jacobs -
    brandys box -
    bratty brittany -
    britney virgin -
    brutal dildos -
    bums in action -
    caged tushy -
    cam girls planet -
    candi malone -
    casey parker -
    caseys cam -
    cassandra calogera -
    cassie leanne -
    cheaper than agf -
    cherry jul -
    cherry spot -
    claudia nichols -
    club cherries -
    college town cuties -
    cory heart -
    country cutie -
    courtney virgin -
    creampied sweeties -
    creampie thais -
    cum 101 -
    cum academy -
    cute anne -
    cute chloe -
    cute lisa -
    cutie pie teens -
    cynthia sin -
    danni virgin -
    danya licious -
    ddf busty -
    diddy and serena -
    diddy licious -
    digital angel girls -
    dirty home vids -
    doctor tushy -
    dollie deathray -
    doms delight -
    do my wife slut -
    dream of dani -
    drilled mouths -
    durty girls -
    easy teen sluts -
    elite movie pass -
    ember 19 -
    emily 18 -
    emilys world -
    ericas fantasies -
    eva luv -
    eva virgin -
    exotic kisses -
    explicit art -
    far east desires -
    fiona luv -
    first gay orgy -
    fishnet models -
    fruity babes -
    fruity files -
    fruity toys -
    ftv girls -
    full bush -
    fun brunettes -
    gia la shay -
    girlfriend handjobs -
    gotta love lucky -
    guys caught wanking -
    guys get fucked -
    gypsy kay -
    hailee jordan -
    hands on hardcore -
    hardcore saints -
    hot braces -
    hot legs and feet -
    hot pool girls -
    hot wife rio -
    i cum alone -
    i heart eden -
    jacy andrews -
    janet plays -
    jen 18 -
    jennas wish -
    jenna virgin -
    jenni carmichael -
    jessica virgin -
    jessie brooks -
    jody love -
    joi ryda -
    just teen site -
    kandis clubhouse -
    karas handfull -
    karen and amy -
    karen dreams -
    karen loves kate -
    karen palms -
    kari sweets -
    karla spice -
    kates playground -
    kathy ash -
    katrina 18 -
    kaylas clubhouse -
    kelly madison -
    kendall blaze -
    kimmie cream -
    kira dreams -
    kiss kristin -
    kitty leigh -
    kori kitten -
    krissy love -
    k scans -
    kylies secret -
    lainey moore -
    lana brooke -
    latin teen pass -
    la zona modelos -
    leia loves you -
    lesbo mat -
    lia 19 -
    lick me girl -
    little miss freckles -
    lolly pop blowjobs -
    love leialovely marilyn -
    love your tits -
    lunas cam -
    luv alicia -
    luv nikki -
    maniac pass -
    mariah spice -
    marketa 4 you -
    martina dreams -
    matts models -
    meat my ass -
    megan michaels -
    megan qt -
    mega summers -
    melissa midwest -
    meredith 18 -
    met art -
    miami voyeur -
    milfs on sticks -
    molly meadows -
    monster movie pass -
    my pov bj -
    my wife ashley -
    nadia virgin -
    naomi model -
    nasty 19 -
    natalie 18 -
    natalie sparks -
    naughty alysha -
    naughty at home -
    naughty belle -
    naughty chrissy -
    naughty dom -
    naughty faith -
    naughty girls zips -
    naughty starri -
    nebraska coeds -
    next door nikki -
    nina virgin -
    no limit vids -
    nubiles -
    oc girls -
    office gals -
    older women -
    only blowjob -
    only tease -
    only teen blowjobs -
    open up girls -
    pacinos world -
    panty girl upskirts -
    parkers panties -
    paul markham teens -
    peachez 18 -
    phil flash -
    pictures of dudes -
    piper dreams -
    play with paris -
    plunder bunnies -
    poolside giovanni -
    poolside kelly -
    porn fidelity -
    porn flux -
    princess blueyez -
    pure dee -
    rare asian -
    rare asians -
    real 8 teens -
    real pantyhose teens -
    rebecca love -
    rock star pixies -
    sapphic angels -
    sara cutie -
    sarah dreaming -
    savanna virgin -
    seanna teen -
    selena luv -
    selena spice -
    serenity love -
    sexxxy celeste -
    sexy sindy -
    sexy teen ella -
    sexy teen sandy -
    shabby virgins -
    shana dreams -
    shanes world -
    share my cock -
    sharing paris -
    she got knocked up -
    shelby virgin -
    shy black teens -
    sierra love -
    simon scans -
    sky modeling -
    sleeping tushy -
    slutty gal pals -
    smokin hottie -
    southern brooke -
    southern kalee -
    spice twins -
    spoiled virgins -
    spring break fantasy -
    spunk bunnies -
    spunky zips -
    stacey online -
    starla rocks -
    stockings angels -
    straight guys voyeur -
    strapon lesbians -
    strapon service -
    stuffed petite -
    stunning misty -
    stunning serena -
    suki model -
    summer banks -
    summer party time -
    suzy stevens -
    sweet adri -
    sweet apples -
    sweet danni -
    sweet kacey -
    sweet kara -
    sweet krissy -
    sweet leah luv -
    sweet models -
    sweet n soft -
    sweet russian girls -
    sweet vids -
    tailynn -
    taras cam -
    taryn thomas -
    taste of uk -
    teenage depot -
    teen charms -
    teen kara -
    teen stars magazine -
    tere 19 -
    throated -
    tiffany teen -
    tiny gwen -
    total super cuties -
    toy desire -
    toy stuffers -
    trailer park tiffany -
    trinitys toybox -
    trista stevens -
    trixie storm -
    tushy lickers -
    tushy massage -
    tushy school -
    twinks -
    uk porn sluts -
    vicky vane -
    victoria holyns -
    victoria pink -
    view pornstars -
    vika dreams -
    virtual bjs -
    watch 4 beauty -
    wet tshirt -
    why be dressed -
    wild young honeys -
    wow wendy -
    x crib -
    x gape -
    x lez -
    x movies -
    you love lucy -
    young and banged -
    young cum gulpers -
    young models casting -
    zexy teens -
    1by day -
    18 virgin sex -
    702 daisy -
    1000 facials -
    abigail 18 -
    abrianna -
    action girls -
    adorable allie -
    alexa model -
    alexis virgin -
    alicia rhodes -
    all ashlee -
    allison virgin -
    all over lexi -
    all ruth -
    amateur facials -
    amateur galore -
    amazing ty -
    amber kelly -
    amy amy amy -
    amy virgin -
    angelina virgin -
    anna 19 -
    ann angel -
    annas assets -
    anna virgin -
    ashlee and serena -
    ashley brookes -
    asian suck dolls -
    ass like whoa -
    ass terdam -
    aubrey addams -
    aunt judys -
    bad tushy -
    beautiful bri -
    beckys love -
    bella spice -
    big blowjob chicks -
    big older women -
    big wet butts -
    bikini voyeur -
    blazing vids -
    blonde passions -
    brandy jacobs -
    brandys box -
    bratty brittany -
    britney virgin -
    brutal dildos -
    bums in action -
    caged tushy -
    cam girls planet -
    candi malone -
    casey parker -
    caseys cam -
    cassandra calogera -
    cassie leanne -
    cheaper than agf -
    cherry jul -
    cherry spot -
    claudia nichols -
    club cherries -
    college town cuties -
    cory heart -
    country cutie -
    courtney virgin -
    creampied sweeties -
    creampie thais -
    cum 101 -
    cum academy -
    cute anne -
    cute chloe -
    cute lisa -
    cutie pie teens -
    cynthia sin -
    danni virgin -
    danya licious -
    ddf busty -
    diddy and serena -
    diddy licious -
    digital angel girls -
    dirty home vids -
    doctor tushy -
    dollie deathray -
    doms delight -
    do my wife slut -
    dream of dani -
    drilled mouths -
    durty girls -
    easy teen sluts -
    elite movie pass -
    ember 19 -
    emily 18 -
    emilys world -
    ericas fantasies -
    eva luv -
    eva virgin -
    exotic kisses -
    explicit art -
    far east desires -
    fiona luv -
    first gay orgy -
    fishnet models -
    fruity babes -
    fruity files -
    fruity toys -
    ftv girls -
    full bush -
    fun brunettes -
    gia la shay -
    girlfriend handjobs -
    gotta love lucky -
    guys caught wanking -
    guys get fucked -
    gypsy kay -
    hailee jordan -
    hands on hardcore -
    hardcore saints -
    hot braces -
    hot legs and feet -
    hot pool girls -
    hot wife rio -
    i cum alone -
    i heart eden -
    jacy andrews -
    janet plays -
    jen 18 -
    jennas wish -
    jenna virgin -
    jenni carmichael -
    jessica virgin -
    jessie brooks -
    jody love -
    joi ryda -
    just teen site -
    kandis clubhouse -
    karas handfull -
    karen and amy -
    karen dreams -
    karen loves kate -
    karen palms -
    kari sweets -
    karla spice -
    kates playground -
    kathy ash -
    katrina 18 -
    kaylas clubhouse -
    kelly madison -
    kendall blaze -
    kimmie cream -
    kira dreams -
    kiss kristin -
    kitty leigh -
    kori kitten -
    krissy love -
    k scans -
    kylies secret -
    lainey moore -
    lana brooke -
    latin teen pass -
    la zona modelos -
    leia loves you -
    lesbo mat -
    lia 19 -
    lick me girl -
    little miss freckles -
    lolly pop blowjobs -
    love leialovely marilyn -
    love your tits -
    lunas cam -
    luv alicia -
    luv nikki -
    maniac pass -
    mariah spice -
    marketa 4 you -
    martina dreams -
    matts models -
    meat my ass -
    megan michaels -
    megan qt -
    mega summers -
    melissa midwest -
    meredith 18 -
    met art -
    miami voyeur -
    milfs on sticks -
    molly meadows -
    monster movie pass -
    my pov bj -
    my wife ashley -
    nadia virgin -
    naomi model -
    nasty 19 -
    natalie 18 -
    natalie sparks -
    naughty alysha -
    naughty at home -
    naughty belle -
    naughty chrissy -
    naughty dom -
    naughty faith -
    naughty girls zips -
    naughty starri -
    nebraska coeds -
    next door nikki -
    nina virgin -
    no limit vids -
    nubiles -
    oc girls -
    office gals -
    older women -
    only blowjob -
    only tease -
    only teen blowjobs -
    open up girls -
    pacinos world -
    panty girl upskirts -
    parkers panties -
    paul markham teens -
    peachez 18 -
    phil flash -
    pictures of dudes -
    piper dreams -
    play with paris -
    plunder bunnies -
    poolside giovanni -
    poolside kelly -
    porn fidelity -
    porn flux -
    princess blueyez -
    pure dee -
    rare asian -
    rare asians -
    real 8 teens -
    real pantyhose teens -
    rebecca love -
    rock star pixies -
    sapphic angels -
    sara cutie -
    sarah dreaming -
    savanna virgin -
    seanna teen -
    selena luv -
    selena spice -
    serenity love -
    sexxxy celeste -
    sexy sindy -
    sexy teen ella -
    sexy teen sandy -
    shabby virgins -
    shana dreams -
    shanes world -
    share my cock -
    sharing paris -
    she got knocked up -
    shelby virgin -
    shy black teens -
    sierra love -
    simon scans -
    sky modeling -
    sleeping tushy -
    slutty gal pals -
    smokin hottie -
    southern brooke -
    southern kalee -
    spice twins -
    spoiled virgins -
    spring break fantasy -
    spunk bunnies -
    spunky zips -
    stacey online -
    starla rocks -
    stockings angels -
    straight guys voyeur -
    strapon lesbians -
    strapon service -
    stuffed petite -
    stunning misty -
    stunning serena -
    suki model -
    summer banks -
    summer party time -
    suzy stevens -
    sweet adri -
    sweet apples -
    sweet danni -
    sweet kacey -
    sweet kara -
    sweet krissy -
    sweet leah luv -
    sweet models -
    sweet n soft -
    sweet russian girls -
    sweet vids -
    tailynn -
    taras cam -
    taryn thomas -
    taste of uk -
    teenage depot -
    teen charms -
    teen kara -
    teen stars magazine -
    tere 19 -
    throated -
    tiffany teen -
    tiny gwen -
    total super cuties -
    toy desire -
    toy stuffers -
    trailer park tiffany -
    trinitys toybox -
    trista stevens -
    trixie storm -
    tushy lickers -
    tushy massage -
    tushy school -
    twinks -
    uk porn sluts -
    vicky vane -
    victoria holyns -
    victoria pink -
    view pornstars -
    vika dreams -
    virtual bjs -
    watch 4 beauty -
    wet tshirt -
    why be dressed -
    wild young honeys -
    wow wendy -
    x crib -
    x gape -
    x lez -
    x movies -
    you love lucy -
    young and banged -
    young cum gulpers -
    young models casting -
    zexy teens -
    1by day -
    18 virgin sex -
    702 daisy -
    1000 facials -
    abigail 18 -
    abrianna -
    action girls -
    adorable allie -
    alexa model -
    alexis virgin -
    alicia rhodes -
    all ashlee -
    allison virgin -
    all over lexi -
    all ruth -
    amateur facials -
    amateur galore -
    amazing ty -
    amber kelly -
    amy amy amy -
    amy virgin -
    angelina virgin -
    anna 19 -
    ann angel -
    annas assets -
    anna virgin -
    ashlee and serena -
    ashley brookes -
    asian suck dolls -
    ass like whoa -
    ass terdam -
    aubrey addams -
    aunt judys -
    bad tushy -
    beautiful bri -
    beckys love -
    bella spice -
    big blowjob chicks -
    big older women -
    big wet butts -
    bikini voyeur -

    ReplyDelete
  7. bikini voyeur -
    blazing vids -
    blonde passions -
    brandy jacobs -
    brandys box -
    bratty brittany -
    britney virgin -
    brutal dildos -
    bums in action -
    caged tushy -
    cam girls planet -
    candi malone -
    casey parker -
    caseys cam -
    cassandra calogera -
    cassie leanne -
    cheaper than agf -
    cherry jul -
    cherry spot -
    claudia nichols -
    club cherries -
    college town cuties -
    cory heart -
    country cutie -
    courtney virgin -
    creampied sweeties -
    creampie thais -
    cum 101 -
    cum academy -
    cute anne -
    cute chloe -
    cute lisa -
    cutie pie teens -
    cynthia sin -
    danni virgin -
    danya licious -
    ddf busty -
    diddy and serena -
    diddy licious -
    digital angel girls -
    dirty home vids -
    doctor tushy -
    dollie deathray -
    doms delight -
    do my wife slut -
    dream of dani -
    drilled mouths -
    durty girls -
    easy teen sluts -
    elite movie pass -
    ember 19 -
    emily 18 -
    emilys world -
    ericas fantasies -
    eva luv -
    eva virgin -
    exotic kisses -
    explicit art -
    far east desires -
    fiona luv -
    first gay orgy -
    fishnet models -
    fruity babes -
    fruity files -
    fruity toys -
    ftv girls -
    full bush -
    fun brunettes -
    gia la shay -
    girlfriend handjobs -
    gotta love lucky -
    guys caught wanking -
    guys get fucked -
    gypsy kay -
    hailee jordan -
    hands on hardcore -
    hardcore saints -
    hot braces -
    hot legs and feet -
    hot pool girls -
    hot wife rio -
    i cum alone -
    i heart eden -
    jacy andrews -
    janet plays -
    jen 18 -
    jennas wish -
    jenna virgin -
    jenni carmichael -
    jessica virgin -
    jessie brooks -
    jody love -
    joi ryda -
    just teen site -
    kandis clubhouse -
    karas handfull -
    karen and amy -
    karen dreams -
    karen loves kate -
    karen palms -
    kari sweets -
    karla spice -
    kates playground -
    kathy ash -
    katrina 18 -
    kaylas clubhouse -
    kelly madison -
    kendall blaze -
    kimmie cream -
    kira dreams -
    kiss kristin -
    kitty leigh -
    kori kitten -
    krissy love -
    k scans -
    kylies secret -
    lainey moore -
    lana brooke -
    latin teen pass -
    la zona modelos -
    leia loves you -
    lesbo mat -
    lia 19 -
    lick me girl -
    little miss freckles -
    lolly pop blowjobs -
    love leialovely marilyn -
    love your tits -
    lunas cam -
    luv alicia -
    luv nikki -
    maniac pass -
    mariah spice -
    marketa 4 you -
    martina dreams -
    matts models -
    meat my ass -
    megan michaels -
    megan qt -
    mega summers -
    melissa midwest -
    meredith 18 -
    met art -
    miami voyeur -
    milfs on sticks -
    molly meadows -
    monster movie pass -
    my pov bj -
    my wife ashley -
    nadia virgin -
    naomi model -
    nasty 19 -
    natalie 18 -
    natalie sparks -
    naughty alysha -
    naughty at home -
    naughty belle -
    naughty chrissy -
    naughty dom -
    naughty faith -
    naughty girls zips -
    naughty starri -
    nebraska coeds -
    next door nikki -
    nina virgin -
    no limit vids -
    nubiles -
    oc girls -
    office gals -
    older women -
    only blowjob -
    only tease -
    only teen blowjobs -
    open up girls -
    pacinos world -
    panty girl upskirts -
    parkers panties -
    paul markham teens -
    peachez 18 -
    phil flash -
    pictures of dudes -
    piper dreams -
    play with paris -
    plunder bunnies -
    poolside giovanni -
    poolside kelly -
    porn fidelity -
    porn flux -
    princess blueyez -
    pure dee -
    rare asian -
    rare asians -
    real 8 teens -
    real pantyhose teens -
    rebecca love -
    rock star pixies -
    sapphic angels -
    sara cutie -
    sarah dreaming -
    savanna virgin -
    seanna teen -
    selena luv -
    selena spice -
    serenity love -
    sexxxy celeste -
    sexy sindy -
    sexy teen ella -
    sexy teen sandy -
    shabby virgins -
    shana dreams -
    shanes world -
    share my cock -
    sharing paris -
    she got knocked up -
    shelby virgin -
    shy black teens -
    sierra love -
    simon scans -
    sky modeling -
    sleeping tushy -
    slutty gal pals -
    smokin hottie -
    southern brooke -
    southern kalee -
    spice twins -
    spoiled virgins -
    spring break fantasy -
    spunk bunnies -
    spunky zips -
    stacey online -
    starla rocks -
    stockings angels -
    straight guys voyeur -
    strapon lesbians -
    strapon service -
    stuffed petite -
    stunning misty -
    stunning serena -
    suki model -
    summer banks -
    summer party time -
    suzy stevens -
    sweet adri -
    sweet apples -
    sweet danni -
    sweet kacey -
    sweet kara -
    sweet krissy -
    sweet leah luv -
    sweet models -
    sweet n soft -
    sweet russian girls -
    sweet vids -
    tailynn -
    taras cam -
    taryn thomas -
    taste of uk -
    teenage depot -
    teen charms -
    teen kara -
    teen stars magazine -
    tere 19 -
    throated -
    tiffany teen -
    tiny gwen -
    total super cuties -
    toy desire -
    toy stuffers -
    trailer park tiffany -
    trinitys toybox -
    trista stevens -
    trixie storm -
    tushy lickers -
    tushy massage -
    tushy school -
    twinks -
    uk porn sluts -
    vicky vane -
    victoria holyns -
    victoria pink -
    view pornstars -
    vika dreams -
    virtual bjs -
    watch 4 beauty -
    wet tshirt -
    why be dressed -
    wild young honeys -
    wow wendy -
    x crib -
    x gape -
    x lez -
    x movies -
    you love lucy -
    young and banged -
    young cum gulpers -
    young models casting -
    zexy teens -
    1by day -
    18 virgin sex -
    702 daisy -
    1000 facials -
    abigail 18 -
    abrianna -
    action girls -
    adorable allie -
    alexa model -
    alexis virgin -
    alicia rhodes -
    all ashlee -
    allison virgin -
    all over lexi -
    all ruth -
    amateur facials -
    amateur galore -
    amazing ty -
    amber kelly -
    amy amy amy -
    amy virgin -
    angelina virgin -
    anna 19 -
    ann angel -
    annas assets -
    anna virgin -
    ashlee and serena -
    ashley brookes -
    asian suck dolls -
    ass like whoa -
    ass terdam -
    aubrey addams -
    aunt judys -
    bad tushy -
    beautiful bri -
    beckys love -
    bella spice -
    big blowjob chicks -
    big older women -
    big wet butts -
    bikini voyeur -
    blazing vids -
    blonde passions -
    brandy jacobs -
    brandys box -
    bratty brittany -
    britney virgin -
    brutal dildos -
    bums in action -
    caged tushy -
    cam girls planet -
    candi malone -
    casey parker -
    caseys cam -
    cassandra calogera -
    cassie leanne -
    cheaper than agf -
    cherry jul -
    cherry spot -
    claudia nichols -
    club cherries -
    college town cuties -
    cory heart -
    country cutie -
    courtney virgin -
    creampied sweeties -
    creampie thais -
    cum 101 -
    cum academy -
    cute anne -
    cute chloe -
    cute lisa -
    cutie pie teens -
    cynthia sin -
    danni virgin -
    danya licious -
    ddf busty -
    diddy and serena -
    diddy licious -
    digital angel girls -
    dirty home vids -
    doctor tushy -
    dollie deathray -
    doms delight -
    do my wife slut -
    dream of dani -
    drilled mouths -
    durty girls -
    easy teen sluts -
    elite movie pass -
    ember 19 -
    emily 18 -
    emilys world -
    ericas fantasies -
    eva luv -
    eva virgin -
    exotic kisses -
    explicit art -
    far east desires -
    fiona luv -
    first gay orgy -
    fishnet models -
    fruity babes -
    fruity files -
    fruity toys -
    ftv girls -
    full bush -
    fun brunettes -
    gia la shay -
    girlfriend handjobs -
    gotta love lucky -
    guys caught wanking -
    guys get fucked -
    gypsy kay -
    hailee jordan -
    hands on hardcore -
    hardcore saints -
    hot braces -
    hot legs and feet -
    hot pool girls -
    hot wife rio -
    i cum alone -
    i heart eden -
    jacy andrews -
    janet plays -
    jen 18 -
    jennas wish -
    jenna virgin -
    jenni carmichael -
    jessica virgin -
    jessie brooks -
    jody love -
    joi ryda -
    just teen site -
    kandis clubhouse -
    karas handfull -
    karen and amy -
    karen dreams -
    karen loves kate -
    karen palms -
    kari sweets -
    karla spice -
    kates playground -
    kathy ash -
    katrina 18 -
    kaylas clubhouse -
    kelly madison -
    kendall blaze -
    kimmie cream -
    kira dreams -
    kiss kristin -
    kitty leigh -
    kori kitten -
    krissy love -
    k scans -
    kylies secret -
    lainey moore -
    lana brooke -
    latin teen pass -
    la zona modelos -
    leia loves you -
    lesbo mat -
    lia 19 -
    lick me girl -
    little miss freckles -
    lolly pop blowjobs -
    love leialovely marilyn -
    love your tits -
    lunas cam -
    luv alicia -
    luv nikki -
    maniac pass -
    mariah spice -
    marketa 4 you -
    martina dreams -
    matts models -
    meat my ass -
    megan michaels -
    megan qt -
    mega summers -
    melissa midwest -
    meredith 18 -
    met art -
    miami voyeur -
    milfs on sticks -
    molly meadows -
    monster movie pass -
    my pov bj -
    my wife ashley -
    nadia virgin -
    naomi model -
    nasty 19 -
    natalie 18 -
    natalie sparks -
    naughty alysha -
    naughty at home -
    naughty belle -
    naughty chrissy -
    naughty dom -
    naughty faith -
    naughty girls zips -
    naughty starri -
    nebraska coeds -
    next door nikki -
    nina virgin -
    no limit vids -
    nubiles -
    oc girls -
    office gals -
    older women -
    only blowjob -
    only tease -
    only teen blowjobs -
    open up girls -
    pacinos world -
    panty girl upskirts -
    parkers panties -
    paul markham teens -
    peachez 18 -
    phil flash -
    pictures of dudes -
    piper dreams -
    play with paris -
    plunder bunnies -
    poolside giovanni -
    poolside kelly -
    porn fidelity -
    porn flux -
    princess blueyez -
    pure dee -
    rare asian -
    rare asians -
    real 8 teens -
    real pantyhose teens -
    rebecca love -
    rock star pixies -
    sapphic angels -
    sara cutie -
    sarah dreaming -
    savanna virgin -
    seanna teen -
    selena luv -
    selena spice -
    serenity love -
    sexxxy celeste -
    sexy sindy -
    sexy teen ella -
    sexy teen sandy -
    shabby virgins -
    shana dreams -
    shanes world -
    share my cock -
    sharing paris -
    she got knocked up -
    shelby virgin -
    shy black teens -
    sierra love -
    simon scans -
    sky modeling -
    sleeping tushy -
    slutty gal pals -
    smokin hottie -
    southern brooke -
    southern kalee -
    spice twins -
    spoiled virgins -
    spring break fantasy -
    spunk bunnies -
    spunky zips -
    stacey online -
    starla rocks -
    stockings angels -
    straight guys voyeur -
    strapon lesbians -
    strapon service -
    stuffed petite -
    stunning misty -
    stunning serena -
    suki model -
    summer banks -
    summer party time -
    suzy stevens -
    sweet adri -
    sweet apples -
    sweet danni -
    sweet kacey -
    sweet kara -
    sweet krissy -
    sweet leah luv -
    sweet models -
    sweet n soft -
    sweet russian girls -
    sweet vids -
    tailynn -
    taras cam -
    taryn thomas -
    taste of uk -
    teenage depot -
    teen charms -
    teen kara -
    teen stars magazine -
    tere 19 -
    throated -
    tiffany teen -
    tiny gwen -
    total super cuties -
    toy desire -
    toy stuffers -
    trailer park tiffany -
    trinitys toybox -
    trista stevens -
    trixie storm -
    tushy lickers -
    tushy massage -
    tushy school -
    twinks -
    uk porn sluts -
    vicky vane -
    victoria holyns -
    victoria pink -
    view pornstars -
    vika dreams -
    virtual bjs -
    watch 4 beauty -
    wet tshirt -
    why be dressed -
    wild young honeys -
    wow wendy -
    x crib -
    x gape -
    x lez -
    x movies -
    you love lucy -
    young and banged -
    young cum gulpers -
    young models casting -
    zexy teens -
    1by day -
    18 virgin sex -
    702 daisy -
    1000 facials -
    abigail 18 -
    abrianna -
    action girls -
    adorable allie -
    alexa model -
    alexis virgin -
    alicia rhodes -
    all ashlee -
    allison virgin -
    all over lexi -
    all ruth -
    amateur facials -
    amateur galore -
    amazing ty -
    amber kelly -
    amy amy amy -
    amy virgin -
    angelina virgin -
    anna 19 -
    ann angel -
    annas assets -
    anna virgin -
    ashlee and serena -
    ashley brookes -
    asian suck dolls -
    ass like whoa -
    ass terdam -
    aubrey addams -
    aunt judys -
    bad tushy -
    beautiful bri -
    beckys love -
    bella spice -
    big blowjob chicks -
    big older women -

    ReplyDelete