by Wolf Richter • Nov 13, 2019 • 6 Comments
It is ironic the Fed puts out this data, as if to show off its success, and how every time the wealth of the 1% is threatened, the Fed comes up with new bailouts, rate cuts, and other shenanigans.
http://wolfstreet.com/2019/11/13/how-the-fed-boosts-the-1-even-the-upper-middle-class-loses-share-of-household-wealth-to-the-1-the-bottom-half-gets-screwed/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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