Looking at historic economic data can sometimes be a bit ... bleak ... Over the last 5 decades wages have been left behind by economic productivity, houses have gone from an essential good to a coveted investment, we are saving less money than ever before, prices for everyday goods have outpaced earnings,
The financial industry has become the largest sector in the economy, debt around the world has spiked to unsustainable levels, and inequality has broken new records ...
@#15 ... Gold is making a comeback because Trump is sabotaging the full faith and credit of the United States Government. ...
Yeah, it recently hit an all-time high, somewhere around $3,400 an ounce.
It has backed off that and Pres Trump as put his tail between his legs and retreated on his tariffs positions, though.
Interesting, also, Sec Bessent seemed to find the need to say at this week's Milken Conference that the US still remains the center of global investment.
Milken Crowd Warms Up to Tariffs While Condemning All the Chaos
www.livemint.com
... At times, the conference offered a split screen of confidence and concern.
On one side, Bessent emphasized that the US is in a strong negotiating position, remains the "premier destination" for international capital and will become an even more appealing environment for "investors like you."
But many Wall Street leaders painted a vivid picture of C-suite uncertainty. ...
@#20
And, fwiw ...
Global Conference 2025
milkeninstitute.org
... The Milken Institute Global Conference brings together the world's brightest minds to address the most urgent challenges and unlock the most promising opportunities of our time. This premier event connects individuals with the capital and influence to drive change with experts and innovators transforming health, finance, business, technology, philanthropy, industry, and society.
In today's complex world, we face escalating geopolitical tensions, an intensifying climate crisis, economic inequality, public health challenges, and the rapid advancement of artificial intelligence. These forces are reshaping industries, governance, and the global workforce. The 28th annual Global Conference will unite our diverse, forward-thinking community to tackle these critical issues and explore solutions that pave the way for a more sustainable, equitable, and resilient future.
Join us to reflect on recent disruptions and innovations, and translate insights into meaningful actions to create healthy, prosperous lives for all. ...
""For the first time since the gilded age the top 0.1% in America controls more wealth than the bottom 90%
#1 | Posted by Corky"
The top .1% of US households own $24.5T or 13.8% of US wealth
The bottom 90% of US households own $48.3T or 30.2% of US wealth
So, your comment starts out of an out and out lie. Further, the value of transfer payments alone (welfare, etc) for the bottom 90% is almost 2x the total wealth of the top .1%. The bottom 90% receives ~$2T per year in transfer payments - assuming this is an investment with a 4% yield, it is equivalent to a $48T value.
#24 | Posted by ScottS
Wrong again.
ScottS forgot to account for DEBT owed by the bottom 90%. This was true since 2012.
www.theguardian.com
It's great to own a $500,000 home and have it added to your "wealth" but you can't pretend the $400,000 mortgage doesn't exist, ScottS.
Don't worry. It's worse now.
"ScottS forgot to account for DEBT owed by the bottom 90%. This was true since 2012.
#25 | Posted by Sycophant"
Nope - my numbers are NET WORTH - so, it is after liabilities, also, it is straight from the Fed.
fred.stlouisfed.org - you can scroll to the Net Worth table.
The problem with your number is that they don't use official US government numbers - they come from "research by Emmanuel Saez and Gabriel Zucman [pdf]" per your article. Which, if you actually click the link - takes you here: which is a paper from 2014 - and even THEN, the numbers are not quoted correctly. Maybe it should have tipped your off when the graphs in your article stopped in 2012.
Again - I don't know if you liberals are just dog ---- stupid or if you are intentionally lying - but the data is very clear - posted by the US Fed - and they say you are full of ----.
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