The Collapse of US Middle Class Wealth, Consumed by the Gods of Finance
Politics / Social Issues Dec 09, 2014 - 04:05 PM GMT"As flies to wanton boys are we to the gods.
They kill us for their sport." - William Shakespeare, King Lear
Let's file this under 'why aren't people buying things and saving more?'
Yes I know that wealth is not income. That is a small consolation when you don't have much of either.
Median Household Net Worth is back to what it was in the 1960's.
The Recovery™ is like Justice™ these days in the Pax Americana and Pax Brittanica.
It is reserved for some.
At least we had better music then.
So who are you going to vote for this time? Bush, or Clinton?
And may the odds be ever in your favour.
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.
By Jesse
http://jessescrossroadscafe.blogspot.com
Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In plewis
roviding information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.
© 2014 Copyright Jesse's Café Américain - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
Jesse Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.