Wednesday, September 10, 2014

The Mega-Recession

In a series of very revealing graphs, the Fed Reserve maps the mega-recession which began in the mid-2000's.  Yes, I said MID-2000's--because that's when median incomes began to collapse.

Since (roughly) '08, asset-holdings also collapsed.

There are exceptions:  the upper 10%, and the cohort in the 65-74 age range but it's complicated:  see the graphs.

"Stimulus"?  Bullshit.

HT:  ZeroHedge

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