We’re Already in a Depression

[StCapps]

The Middle Class don’t participate in REPO loans, nor the equities being purchased by the Fed. (Though I agree the regular old Deficit goes everywhere.)

The purchases of the Fed is the policy stimulus they are dining out on, record low interest rates.

May not be wise in terms of economics, but it's the middle classes demanding the credit for the things they want to buy,

Many of them are dining out so much, they get rich enough to no longer be in the middle class, and they become upper class, so many of the middle class gains don't show up on the middle class balance sheet anymore, and then people go around shouting how the rich are getting all the gains and the middle class is getting nothing.

The rising tide is lifting all boats, just some more than others, the rich getting rich is a good thing, not a bad thing.

[Smitty-48]

The Middle Class don’t participate in REPO loans, nor the equities being purchased by the Fed. (Though I agree the regular old Deficit goes everywhere.)

The purchases of the Fed is the policy stimulus they are dining out on, record low interest rates.

May not be wise in terms of economics, but it's the middle classes demanding the credit for the things they want to buy,

Many of them are dining out so much, they get rich enough to no longer be in the middle class, and they become upper class, so many of the middle class gains don't show up on the middle class balance sheet anymore, and then people go around shouting how the rich are getting all the gains. The rising tide is lifting all boats, just some more than others, the rich getting rich is a good thing, not a bad thing.

No doubt, all class warfare is based on simplistic fairy tales, who knew?

[StCapps]

The purchases of the Fed is the policy stimulus they are dining out on, record low interest rates.

May not be wise in terms of economics, but it's the middle classes demanding the credit for the things they want to buy,

Many of them are dining out so much, they get rich enough to no longer be in the middle class, and they become upper class, so many of the middle class gains don't show up on the middle class balance sheet anymore, and then people go around shouting how the rich are getting all the gains. The rising tide is lifting all boats, just some more than others, the rich getting rich is a good thing, not a bad thing.

No doubt, all class warfare is based on simplistic fairy tales, who knew?

This is the problem with pretending like people are stuck in the class they were born into, and it's all the same people in that class over a long period of time, so if one group doesn't gain as much as another, it's because the group gaining the most is simply rigging the economy in their favor and rigging it against those who didn't gain as much. People need to stop looking at aggregated groups as if they aren't in flux and judging who the gains are going to in the economy as if that is the case.

[StCapps]

As usual Thomas Sowell knows the truth.

"One of the real fallacies that runs through alot of the talk about income is confusing statistical categories with actual flesh and blood people."

[brewster]

The Middle Class don’t participate in REPO loans, nor the equities being purchased by the Fed. (Though I agree the regular old Deficit goes everywhere.)

The purchases of the Fed is the policy stimulus they are dining out on, record low interest rates.

May not be wise in terms of economics, but it's the middle classes demanding the credit for the things they want to buy,

Many of them are dining out so much, they get rich enough to no longer be in the middle class, and they become upper class, so many of the middle class gains don't show up on the middle class balance sheet anymore, and then people go around shouting how the rich are getting all the gains and the middle class is getting nothing.

The rising tide is lifting all boats, just some more than others, the rich getting rich is a good thing, not a bad thing.

Everything I have seen about US class mobility says this is not correct. Can you link to the sources and data that support your position?

Talking about middle-class is deceptive since no one can even agree on what that means. The way the quintile system of the graph that I presented earlier works, if everybody in the middle quintile on up got richer, they'd still be in exactly the same quintile they were, but that quintile would show a raise in income. They don't, only the top quintile does.

[brewster]

[Smitty-48]

I don't mind CNBC, at least business news is about business,

but anything MSNBC is cherry picked propaganda to be sure

you can cherry pick data to make a graph that says anything you want it to say, who knew?

[brewster]

I don't mind CNBC, at least business news is about business,

but anything MSNBC is cherry picked propaganda to be sure

you can cherry pick data to make a graph that says anything you want it to say, who knew?

Yes, it's much better, not to mention easier, to spout off without substantiating your point at all.

[Smitty-48]

I don't mind CNBC, at least business news is about business,

but anything MSNBC is cherry picked propaganda to be sure

you can cherry pick data to make a graph that says anything you want it to say, who knew?

Yes, it's much better, not to mention easier, to spout off without substantiating your point at all.

Nobody is ever convinced of anything, trying to convince is a fool's errand

Assuming that you've proved something because you linked to a graph on the internet is delusional

I mean, it's not research, you set off with your confirmation bias to cherry pick something to fit your conclusion

Whoop dee doo, Basil.

[Martin Hash]

Math isn’t really ideological: if you’ve got $50 mil to earn on, and you know through the good-ol-boy network where to get a risk-free 7%, then your income rises exponentially faster than Joe Middle-Class letting his money manager place $50K for a risky 5% return while skimming 2% off the top.