Reader speaks up: Sensible people at all income levels are altering their behavior to be ready for what may happen.
Over the long run (which is now), the math of that distortion just doesn’t work out.
How the Fed and other central banks channel wealth and income to rich households and companies at the expense of wage earners and the young.
Despite surging stocks since 2012, consumer sentiment has not broken out in similar fashion: a warning sign of a big move down in the markets and economy.
Consumers are “straining against rising prices on daily essentials” and are cutting back on things they want to buy.
The wealth transfer machine: Wall Street hype meets “retail funk”
Many Americans spend every dime they make, and usually way beyond what they make. It’s not because they have confidence in the economy. They don’t! The gap in consumer confidence between these folks and those with higher incomes is at an all-time record!
It’s been glorious: global M&A in Q2 soared 47% to $1 trillion, highest since 2007, just before the financial crisis. But in California, 30% of the people making less than $40k were in worse financial shape than last year, despite all the bubbles around them.
“We fear that, once the effects of monetary stimulus disappear in the US, the weakness of the economy due to income inequalities may suddenly be revealed.”
By Alex Hillsberg and David Adelman: The tricks that ads use to fools us would be hilarious, if it weren’t so serious. These photos of ads and reality will make you laugh, squirm, and gnash your teeth all at the same time.