Source: MoJo
There’s Never Been a Better Time to Be Rich . . .
January 16, 2015 11:30am by Barry Ritholtz
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Romney will fix this!
hm, 1929 and 2012 have levels??
I’d love to see this broken out by wealth instead of income and by top 0.1%, too.
Policies you support, Mr RItholtz, QE, ZIRP, are the primary culprits. And it’s getting worse. Maybe next time we’ll rescue just the depositors and let the overextended banks and investors and corporations crash and burn. If we’d done that, we surely wouldn’t have this record inequality right now.
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ADMIN: You completely misunderstand Mr. Ritholtz’s writings on this subject. Its not that he necessarily supports these programs, its that he recognizes the impact they have on Stocks and Bonds and positions portfolios accordingly. Many others asset managers and investors — you? — failed to acknowledge the impact of QE/ZIRP.
See this for more details. http://ritholtz.com/2012/05/where-sea-monsters-live/