beenburnedtwice

Asset Reflation Does Not Signal Recovery for U.S.'s Collapsed Economy

This is O's classical trickle up economics.


On Oct 06 11:02 PM The Recusant wrote:

> Additionally, you wrote, "A rising stock market is a "real" economic
> event. It creates new wealth and credit on a massive scale." OK,
> then the real question is...who's getting the "new wealth" when 16
> to 18% of consumers are out of jobs and losing their homes? 10 to
> 1 that the banks' hedge funds and derivatives are soaking up the
> huge majority of the new wealth to add to their bonuses.