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America's wealth gap - between middle-income and upper-income families - is at its widest on record. Guess when it started to surge...
Thank you Fed QE...
Happy Holidays "wealthy people"
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Lets see here...
Obama is elected...
And QE becomes unstoppable...
Yay....
Obama U B the man
Does anyone else get the feeling there's something wrong?
all ok, 0.001% get more money, what can go wrong?
but .. without the Fed, how would we have money?
yes, no one can print money except of Fed, so you can't live without Fed
Chosenites abused the Gold Standard, they're tearing this paper standard to shreds. Time to take the money printing press away from them. You see the Gold Standard doesn't allow the Chosenites to steal everything. Only the paper standard allows the Chosenites to print themselves all the money they want for nothing then steal the entire planet from us with it. Nothing new here, move along...
The Bank of England could print it. Or the ECB or BoJ or Bank of Zimbabwe.
just gonna print me up some gold on the comex
If you invent a Zerox that prints Gold we'll all be in deep shit. On top of our paper national debt we'll all owe $Trillion$ back to the Zerox machine IN GOLD...
Obama is selected...
fixed for you, no thanks needed
Oh yea, my bad. =P
Season's Beatings!
Merry xmas to all Zh'ers everywhere - the best and brightest people on the plant. All the best to you in 2015!!
May Christ fill our hearts otherwise Santa filling our stockings will not mean much.
A blessed Christmas to all.
The Chosenites killed Christ because he spoke out against their Counterfeiting and Usurous ways.
Today the Chosenites are ten times worse with their torture, depravation, theft, etc.
Back at you brother. Merry Christmas, Peace and Aloha everyone...and best wishes going forward in 2015.
Get lost.
Haha. You mad bro?
Peace and good will friend.
https://www.youtube.com/watch?v=Buh8vly6WvQ#t=34
chills brother.....beautiful thing.
if one person has a 65000$ car and the other person has a 16000$ car does that make the one guy poor?
if one person has a 200000$ house and the other has a 2milhouse do both not have a roof a kitchen and a bathroom ?
if one person has a 200$ dinner meal and the other has a 20$ dinner meal do they not both fill their stomachs?
the problem is not wealth inequality its opportunity inequality.
and the primary headwind against opportunity is laws and regulations that create barriers to entry in a given economic sector of the economy.
licenses permits and regulatory requirements taxes and fees imposed disproportionately cause wealth and opportunity gaps.
I get really pissed off when someone gets a down vote without some form of explanation.
Your comment is a fair one in many respects although there are a great many people who really struggle to hold onto a car and fill their stomachs.
Where the middle class is really getting gutted is their growing inability to provide their children with a viable future so as to hold well paying jobs and create households of their own.
don't be pissed. when there is no comment, it means that a troll or loser posted and can be disregarded. Now when there is a comment, it involves work thinmking it through and replying. See? All good.
I love the smell of rejectiion in the morning.
Smells like ... victory.
Smells like Chosenites...
The primary obstacle to opprtunity is there are so many LIES ...and its IMPOSSIBLE to make intelligent decisions as to where one will end up upon making a decision. Its all mostly luck at this point. There is no way to know whether ones present pursuits are future malinvestment or a future need.
I'd take the NYT with a grain of salt.
Tyler was correct, when he said ratios/valuations would need to be expanded. They've been expanded from approx. ES19.21 eoq-3 to just over Es20 Pre. q-4 earnings.
The chain stores numbers are based on revenue? Selling at loss or super slim margins. Where's the huge purchases for tax writeoffs in '14 tax year? You can write off $500k this year . NADA
Where's the profit taking in equity markits for '14? Lot's of dividend reinvestment in "low interest rate Fed. policy".
The doorway/exit at Club Fed. is looking smaller by the minute.
The skin of the low hanging fruit starts to melt up first. Before they hang the banana republic....
I once bought a profit nigger for $9,99
And got busted. WTF is going on?
Take heart. When the middle class disappears the gap will between the two will also disappear.
have a happy apocalypse...
Now there's the Holiday Spirit!
lmao...
Merry Christmas BoP.
My BEST to you and your family... You're a fantastic Z/H asset.
Happy Christmas from the Fed
http://2.bp.blogspot.com/-b22TPqme52M/VJtJ4S5JgzI/AAAAAAAAEVI/8hhEYXAvTK...
"What do you want for Christmas? Lollipop? Candy cane? More QE? Come sit in Santa's mouth and tell him what you want for Christmas"
Yes but it's gonna trickle down.. Don't be envious this is your Medicine. It's good for you. We bail out the banks and Wall Street and Main street gets the trickle down. That's what Master Ben said...
Sounds like there are one or two here that believe Master Ben was full of shit?
Sometimes the piss stops.
Im happy to be healthy, fuck the "good life". Merry Christmas ZH'rs.
Something wrong with those numbers, any middle-class family owning a home probably has net worth a lot higher than that, especially in urban areas. And the rich should average *much* higher numbers.
When i see net worth numbers like that, it usually excludes the value of the primary residence. It would be nice if they defined the ranges for the income brackets and if income is limited to those getting it from work, or does it also include passive income of the wealthy.
I got stuck with "poor" by birth, HATED it, strongly recommend against staying in it.
Wealth is true freedom, freedom to live every day the way you want, any where you want, doing whatever you want, thinking whatever you want instead of about what you have to think about for your job, freedom from anxiety about losing your job or income or inability to pay expenses, freedom to give money to the causes you love, etc, etc, etc.
Life with wealth is life on steroids with turbochargers. Only one year of wealth is worth more than a lifetime of wage slavery.
My best wishes to every person who strives to escape the tar pit of poverty, and lifetime wage slavery, especially while being raped by the greedy earnings confiscating corrupt parasite government.
If you do earn a big-enough pile of money to quit the rat race, I STRONGLY advise you to be very prudent how you invest it, and what expenses you obligate yourself to, else you fall out of heaven and back into purgatory. I saw so many fools make that stupid transition up then back down.
Whatever..this is exactly what should happen.....
the peasants lose it all,
the elites get it all....
and that's the way it should be.
unwashedmasses eat crap every time.......
is there something wrong with this?
Those closest to the theft-spigot get the cleanest. Those furthest away get the muddiest.
The William Roberts vs. the Billy Bobs.
The banksters need to repay us.
I'm a "collectivist," as I belong to a group that collectively has more guns and soldiers.
That chart says the richest were richer in 2007. Can't pull the stimulus until that record is breached.
Cause we all know if the guy with the biggest yacht is surpassed by another guy he isn't happy with the second biggest yacht, he's got to build a bigger yacht even if he only had the old one for a day.
We survived the police state another year, fellow ZH'ers. Good for us.
Meaninglessness
A sense of meaning has been defined as “the individual’s sense of understanding events in which he is engaged”. It is characterized by a low expectancy that satisfactory predictions about the future outcomes of behaviour can be made." Where as powerlessness refers to the sensed ability to control outcomes, this refers to the sensed ability to predict outcomes. In this respect, meaninglessness is closely tied to powerlessness; The view that one lives in an intelligible world might be a prerequisite to expectancies for control; and the unintelligibility of complex affairs is presumably conducive to the development of high expectancies for external control. With the accelerating throughput of information, meaningless is not a matter anymore of whether one can assign meaning to incoming information, but of whether one can develop adequate new scanning mechanisms to gather the goal-relevant information one needs, as well as more efficient selection procedures to prevent being overburdened by the information one does not need, but is bombarded with on a regular basis. "Information overload" or the so-called "data tsunami" are well-known information problems confronting contemporary man. Normlessness
Normlessness denotes the situation in which the social norms regulating individual conduct have broken down or are no longer effective as rules for behaviour. This aspect refers to the inability to identify with the dominant values of society or rather, with what are perceived to be the dominant values of society. "The anomic situation [...] may be defined as one in which there is a high expectancy that socially unapproved behaviours are required to achieve given goals." "Normlessness derives partly from conditions of complexity and conflict in which individuals become unclear about the composition and enforcement of social norms. Sudden and abrupt changes occur in life conditions, and the norms that usually operate may no longer seem adequate as guidelines for conduct". Traditional values that had already been questioned are met with further scepticism, resulting in a situation where individuals rely more often on their own judgement than on institutions of authority.
Today the chosenites are celebrating all the money they printed themselves with OUR printing press, all the wealth they have as the result of OUR labors...
If you've a penchant for history, this has all happened once before in America.
Read Max Shapiro's fascinating book: The Penniless Billionaires
Though most consider it all about historic episodes of hyper-inflation, which it is, in most fascinating ways--Max devotes a chapter to the 1964-1980 economic history of America. During this era the money supply doubled with, yes, you guessed it, the elite getting pretty much all of that money. It's painstakingly researched and written and I recommend this book for that chapter alone, even if you have no interest in hyper-inflation.
At times the cheapest you could find the book was ~$100 on the likes of half.com or addall.com, but there are copies for sale today around $11.
History repeats.