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Study:WEALTH INEQUALITY INFLAMED BY SLOW RECOVERY
University of Michigan researchers have released a study stating that the disparity between the wealthiest Americans and the rest of the country has grown because of the Great Recession and the slow recovery. According to the study, the top 5% of Americans averaged 24 times as much wealth as the wealth of the median American family in 2013
Buffett also rejected the idea idea the U.S. stock market is “rigged.” He contended that the market’s sheer size gives him comfort, “It’s pretty hard to rig 20 trillion-plus dollars.”
Bullard Predicts Fed Rate Increase in First Quarter of 2015
ECB imposes negative interest rate
Sources:
http://www.breitbart.com/Big-Governme…
http://www.cnbc.com/id/101459508#.
http://www.bloomberg.com/news/2014-06…
http://research.stlouisfed.org/fred2/…
http://www.bbc.com/news/business-2771…
http://investmentwatchblog.com/middle-class-slaughtered-by-design-of-banking-elite/
Yes. Happy Days are over in the USA.
“Buffett also rejected the idea idea the U.S. stock market is “rigged.” He contended that the market’s sheer size gives him comfort, “It’s pretty hard to rig 20 trillion-plus dollars.””
The operation of the plunge protection team, a cartel of International banks and hedge funds given cart blance to interviene in the stock markets ensuring that Fed money backed by US debt with unlimited leverage bankrupts any independent pension funds by insider trading with unlimited state funds from Quantative Easing. Free Market = No intervention – Rigged = Intervention – it is pretty clear that when Mr Buffet lies he opens his mouth but his paymasters wouldnt have it any other way.