Wednesday, October 19, 2011

We Have A Record Wealth & Income Inequality - Marc Faber
In fact, the problem in America is that real wages, real compensation has been down since the 1970s. But at the same time, asset prices, equities, real estate and so forth have gone up dramatically, and that favors people who have these assets. And so the ratio expanded and you have now a record wealth inequality, and income inequality. - in Bloomberg

No comments:

Post a Comment