Who's got the money?
This one from Yves is significant, and is about the distribution of wealth.
I can't agree more with Yves comment, "It isn’t merely stunning, it’s destructive," with respect to this study that found since 1978 58% of wealth creation went to only 1% of households.
This past month or so I posted on what I called consumer liquidity and basically about the declining buying power and the lack of ability of the consumer to be out there circulating money into other businesses, which in turn keeps the economy humming. When the masses don't have money to spend, well, the economy isn't going to do all that well and guaranteed, that top 1% isn't spending their money. They are trying to extract more investment income out of the masses with it. Probably the bottom 60% of household income families spend most of their income and if they had more, they would spend more.
My understanding of history is the only other time in the last 100 years where you had this kind of gross inequity in the distribution of wealth was during the build up to the Great Depression.
I haven't gone into what the article was about, just that this kind of gross inequitable distribution of wealth is a huge problem. The very wealth have become like parasites that are killing their host --> the population at large is getting very sick and weak now.