The 1%: Vampires

(As I’ve said before, this is the new economy: Wall Street is systematically bleeding Main Street, sucking the life-blood out of the middle class. The condition is terminal for the United States.)

The Fed’s Hobson’s Choice: End QE and Zero-Interest Rates or Destabilize the Dollar and the Treasury Market

by Charles Hugh Smith

… But we must be mindful that the economy is not linear. Pushing asset prices higher via unlimited credit at zero-interest rates has not trickled down to wages or consumer spending. That is, the wealth effect is missing in action despite a $20 trillion increase in household net worth. (Most of this increase flowed to the top 10%, and within that, most flowed to the top 1/10 of 1%.) …


About icliks

Biding my time in central ms ... yours too, if ur reading this.
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