"...big, probably negative changes are coming even with a stable German government. Let Germany descend into political turmoil and the difficult becomes impossible... Get ready for a massive euro devaluation."
"Yes, my comrades, I’m afraid it’s time to face the facts, depressing as they are. The working classes are not our friends. Just look at how they’ve been betraying us...and after all we’ve done for them all these years! "
As one would expect, pay/salary was at the top of the list across all respondents but what followed varied by generation and gender, with some surprising shifts.
The latest Flow of Funds report from the Fed shows a surprising revision: instead of buying corporate bonds as previously disclosed, Pension funds were buying Treasurys explaining the relentless bid for the long end.
"...The source of child pornography was traced to an IP address used at the observatory and a source within the building observed a computer with 'not good' images on it..."
"...the farm seizures in South Africa aren’t just about dispossessing an unpopular, market dominant racial minority...It’s also a threat to South Africa’s incredibly fragile democracy... AND ALONG the lack of a broad-based middle class, you have a recipe for kleptocracy and starvation."
... while the “median” income has broken out to all-time highs, the reality is that for the vast majority of Americans there has been little improvement.
"The professors found that the increased crime cost a staggering $1.5 billion and noted that 78 percent of its victims were African-American and 16 percent were Latino."
If we want to understand wealth and income inequality, we can start with the data point that 63% of all capital gains flows to the top (those earning $1 million and up)...
