• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Rich-Poor Comfort Divide Surges To 2-Month Highs

Tyler Durden's picture


Following Fed Governor Tarullo's comments this week on central bank policies and the recovery benefiting high-income earners disproportionately - potentially damaging the "nation's democratic heritage", we thought it ironic that this week's Bloomberg Comfort Index data showed that the rich (high incomes) just got a whole lot more comfortable and the poor (low incomes) got a whole lot less comfortable. In fact, the rich-poor comfort divide jumped back to 2-month highs.

This is the first major divergence since early December.


Though, we suspect, once the "rich" look at their brokerage statements this weekend things might change a little...


Source: Bloomberg

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Sat, 04/12/2014 - 18:04 | 4652125 Yen Cross
Yen Cross's picture

   You know shit's getting real when "Swamp Rat" is tree fiddy a LB.

Sun, 04/13/2014 - 11:47 | 4654030 bonderøven-farm ass
bonderøven-farm ass's picture

Friends don't let friends drink Killian's.....under any circumstance.

Sat, 04/12/2014 - 19:54 | 4652475 Freebird
Freebird's picture

You still here Cross?

Sat, 04/12/2014 - 20:51 | 4652689 Goldilocks
Goldilocks's picture

J.S. Bach - Fantasia & Fugue in C minor BWV 537
http://www.youtube.com/watch?v=e0wPWObP7sE (9:01)

Sat, 04/12/2014 - 23:55 | 4653140 TrustbutVerify
TrustbutVerify's picture

Everyone will feel a lot better when the rich/poor "asset gap" narrows greatly when the balloon in asset prices pops. 

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