[1]Presented with no comment...
[2]
(h/t Jim Quinn's Burning Platform blog [3])
Of course, as we noted here, [4] the rich have never felt more comfortable relative to the poor...Those with an income over $99,000 per year are the most comfortable they have been in 6 years while the lower incomes (below $40,000) have seen their comfort plunge to one-year lows. It seems, as Druck noted earlier [5], that the wealth redistribution is having a visceral effect on sentiment.
[6]
Chart: Bloomberg
- advertisements -
Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/09/20130930_middleclasstrap.jpg
[3] http://www.theburningplatform.com/2013/09/29/sunday-funnies-58/
[4] http://www.zerohedge.com/news/2013-09-19/rich-have-never-been-happier-relative-poor
[5] http://www.zerohedge.com/news/2013-09-19/druckenmiller-blasts-biggest-redistribution-wealth-poor-rich-ever
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/09/20130919_richpoor.jpg