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Summing Up The 'Recovery' In 1 Simple Chart

Submitted by Tyler Durden on 09/30/2014 20:49 -0400

The "confidence" gap between high-income and low-income earners has never been larger... Thank you Ben and Janet...

Chart: Bloomberg

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Tue, 09/30/2014 - 20:51 | 5273209 markmotive

The decline of the American Empire in one single chart.

http://www.planbeconomics.com/2014/09/chart-the-rise-and-fall-of-modern-...

Wed, 10/01/2014 - 02:10 | 5274034 BraveSirRobin

I'm sorry, but now $50k per year is "rich"?????

Tue, 09/30/2014 - 20:53 | 5273217 Shizzmoney

So that's who they fuckin ask

Tue, 09/30/2014 - 20:55 | 5273230 NoDebt

Confidence survey of those with incomes over $90 million dollars: 28,000.

Tue, 09/30/2014 - 20:55 | 5273232 FieldingMellish

7 year itch.

Tue, 09/30/2014 - 23:58 | 5273879 maskone909

7 year case of scabies on the balls.

Tue, 09/30/2014 - 20:56 | 5273235 Sam Clemons

Hope and Change..for the worse

Tue, 09/30/2014 - 20:59 | 5273245 starman

Hangseng about to open or not. China to blow in civil uprising!

Tue, 09/30/2014 - 21:12 | 5273300 ZerOhead

I don't think that the citizens are allowed to own guns in China so it will basically be a giant turkey shoot again if things head south...

Tue, 09/30/2014 - 20:59 | 5273248 Salsipuedes

Definitely the greatest divergence in twenty years. Too bad it has nothing to do with where the money is. Perception is everything. They want the burger flippers fighting with the dentists.

Tue, 09/30/2014 - 22:05 | 5273257 SillySalesmanQu...

Welcome to the Ben & Janet Show! Starring, Vincent Price( they dug him up for this) as Benjamin "Spanky" Bernanke and Larry Summers(stupendous in drag) as Janet "Jellin" Yellen. Sponsored by the NY Fed's new mini series "The Segarra Tapes", available soon at your favorite video store...

Tue, 09/30/2014 - 21:10 | 5273293 the6thBook

I would think 15k would be confidinate with there 50k in government benefits... I guess they are afraid they won't be able to sell enough food stamps for an iphone 6.

Tue, 09/30/2014 - 21:17 | 5273319 PenchantForHoarding

No, no... Obama phone 6 has U2 pre-loaded on it. That shit is like kryptonite - they won't touch it. Samsung all the way.

Tue, 09/30/2014 - 21:16 | 5273316 nmewn

Obama: The...ahhh...buck...errr, ummm...stops somewhere else, not with meh!

Biden: To the gates of hell!!!

Obama: Shut up Joe, I don't think this is about, errr, ahhh...ummm foreign policy.

Biden: You can't walk into a QuickieMart these days without running into one of these Shylocks with a H1B visa!

Obama: (Sigh)

_{^{(We're in the very best of hands)}}

Tue, 09/30/2014 - 21:27 | 5273371 Tachyon5321

The new rich under Obama is now $50K!

Wed, 10/01/2014 - 01:44 | 5274004 TheMerryPrankster

before taxes.....

Tue, 09/30/2014 - 21:32 | 5273389 bid the soldier...

Summing Up The 'Recovery' In 1 Simple Word.

N O T

Tue, 09/30/2014 - 22:10 | 5273530 firstdivision

Woah, woah, woah there Tyler. I make over $50k and I'm far from 'Rich'. How about breaking that out into three levels with <50, 50-110,110<

Wed, 10/01/2014 - 02:16 | 5274042 BraveSirRobin

Sorry, but $110k/year is not rish either. I don't see many people earning $110k on yahcts, private planes, and winter get-a-ways in Gstaad.

We are constatly defining rich down recently since Obama showed up. The American Dream use to be to get filthy stink'n rich - Andrew Carnigie, J. Paul Getty rich. Now, we are told the American Drean is to have a 3 bedroom, 2.5 bath home, two 10 years old cars, and less than 200k in college loan debt.

At thi rate, in a few short years, being rich and having the "American Dream" will be defined as having enough food to not starve to death.

Tue, 09/30/2014 - 22:20 | 5273564 AdvancingTime

I share the disgust of many Americans to hear confirmed Federal Reserve regulators were in bed with the enemy or at best asleep at the wheel. While pondering the ruckus being made over revelations and tapes that Fed regulators were to darn cozy with Goldman Sachs

I found myself wondering if Janet Yellen might be forced to resign. I concede it may be rather early to start asking this but if a full scale scandal does develop over these revelations she has a problem. Yellen and the Fed lack a strong political base if the blame-game kicks into overdrive. More on the logic of this somewhat remote scenario in the article below.

http://brucewilds.blogspot.com/2014/09/yellen-could-be-forced-to-resign....

Tue, 09/30/2014 - 23:34 | 5273830 HUGE_Gamma

its difficult to work full time or multiple part time jobs and only make 15k

Wed, 10/01/2014 - 01:50 | 5274014 TheMerryPrankster

not in america where employers like wallmart and target make sure you never work enough hours to qualify for benefits.

not where minimum wage is considered maximum wage. not where you actually have to eat and sleep between jobs, plus drive to and from jobs.

In five yrs 15k per annum will be a dream job. this rigged economy is good at one thing and that is siphoning off the wages of the poor and moving it to the 1%

Summing Up The 'Recovery' In 1 Simple Chart

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