OK, this is so simple, even I
understand it.
US Stock Market at Record Highs
OK, I know that many of you would
rather hide under the covers and read Batman comics with a flashlight rather than talk
about the New York Stock Exchange. But, really, it has recovered all
of the catastrophic losses it incurred during the
Banking/Home-Mortgage Meltdown in 2008+, and is now even higher than ever before in history. I hope that this has made your retirement
accounts fatter, but the real beneficiaries are the high-flying
financial traders and hedge fund managers whose income has 7 or 8 or
9 digits. Heck, being the CEO of Goldman-Sachs is a prerequisite for
being the White House Chief of Staff.
US employment rate and wages stagnate
OK, this is you and me, Joe Six-Pack.
For the entire time under O, unemployment and wages have gotten
worse. It seems that banks and stock market traders got the lollipop,
and all we got is the wet stick.
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