US Middle Class Wealth Has Collapsed, Consumed by the Gods of Finance

from Jesse’s Café Américain

“As flies to wanton boys are we to the gods. They kill us for their sport.” — William Shakespeare, King Lear

Let’s file this under ‘why aren’t people buying things and saving more?’

Yes I know that wealth is not income. That is a small consolation when you don’t have much of either.

The Recovery™ is like Justice™ these days in the Pax Americana and Pax Brittanica.

It is reserved for some.

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