@FinanceLancelot The elites have vacuumed up all the imaginary money printed during Covid and are struggling to find anymore. The crumbs left are not enough to create a quality of life for normal people. Now, something has to break. The solution will be painful for somebody!
@Reniec7@flowgate65@jonbrooks Was algorithmic trading even a thing in 1982? Good for you on that nice salary, I am sure you have profited nicely as a result of all the QE since 2008. Just remember a large chunk of those gains came at the expense of those who earned and saved US dollars.
@Reniec7@flowgate65@jonbrooks All good, however when you compare the purchasing power of a dollar in 1982 compared to now the spread is far greater than the spread of wages.
@Reniec7@flowgate65@jonbrooks The issue is far beyond education level. The amount of money printing since 2008 have completely diminished the purchasing power of a person’s wages and income compared to 1982. A person cannot educate themselves enough to overcome that obstacle
@CNBC Printed money is not growth! The deficit and the S&P rising at the same pace is not growth! The American citizens want growth they can afford. Until food, shelter, and necessities are affordable again, we are not growing!
@DerrickEvans4WV I don’t think the save act can cover for the amount of broken promises! Most people still expect a little bit of honesty from who they elect!
@akafaceUS It used to be about maximizing customer loyalty for life, now it’s about pumping the short term shareholders at all costs. The customer isn’t even in the equation anymore!
@Reniec7@jonbrooks Home prices weren’t 7 times the median income in 1982. The math does not math at today’s prices combined with 7% mortgages. The will to buy and the ability to buy are totally different
@MPelletierCIO 💯 Accurate! As Gen X’ers and living through it, we watched our country get handed to corporate America at the expense of ourselves, our children and grandchildren! Pure Greed!