America’s Lost Decade: Typical Household Wealth Has Plunged 36% Since 2003 [Direxion Daily Small Cap Bear 3X Shares]

The inequality-battler-in-chief remains unaware of the greatest irony of this surging rich-getting-richer as poor-get-poorer society:

Inequality in the U.S. today is near its historical highs, largely because the Federal Reserve’s policies have succeeded in achieving their aim: namely, higher asset prices (especially the prices of stocks, bonds and high-end real estate), which are generally owned by taxpayers in the upper-income brackets. The Fed is doing all the work, because the President’s policies are growth-suppressive. In the absence of the Fed’s moneyprinting and ZIRP, the economy would either be softer or actually in a new recession.

The greatest irony is that the President is railing against inequality as one of the most important problems of the day, despite the fact that his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough.

This article is brought to you courtesy of Tyler Durden From Zero Hedge.

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