09-22-2018, 08:13 PM
(09-22-2018, 07:58 PM)pbrower2a Wrote: Obama got inaugurated in the equivalent of early 1931, when share prices had been cut by a little more than half. Obama, like FDR, backed the banks... but Corporate America still had enough money with which to buy the political process. Almost a decade later the United States is, aside from some oil-rich monarchies in which the royal family controls the revenue from oil extraction, the purest plutocracy on Earth. Economic inequality has intensified to the point that most people would have been materially better off nearly fifty years ago.
I do enjoy these kind of posts, they are appropriate here, to show what is happening NOW compared to a similar past cycle.
So please bring us to speed with your interpretation, then, about where this goes: the cycle playing out, economic inequality, inflation (which is not the numeric guide but rather the idea of "wealth" purchasing less and less over time. Because <---- is what can make real and actual inequality grow over time even if circumstances seem to remain the same.