What does an extra 1%, 5%, or 10% on the top get you? Turns out quite a bit

[nitro]

American wage earners became more unequal last year: In one simple chart

http://www.cnbc.com/2015/10/21/american-wage-earners-became-more-unequal-last-year.html

 

[nitro]

Here's How Much QE Helped Wall Street Steamroll Main Street

"...For every job created in the U.S. this decade, companies spent $296,000 buying back their stocks, according to the New York-based bank.

An investment of $100 in a portfolio of stocks and bonds since the Federal Reserve began quantitative easing would now be worth $205. Over the same time, a wage of $100 has risen to just $114...."

http://www.bloomberg.com/news/artic...h-qe-helped-wall-street-steamroll-main-street

And those jobs are at the same rate of pay as it was forty years ago, adjusted for inflation. Probably working at both Starbucks and Uber to serve those people that saw all the engineered gains.

Lovely.

 

[nitro]

180 pages of a possible solution:

 

[piezoe]

Here's How Much QE Helped Wall Street Steamroll Main Street

"...For every job created in the U.S. this decade, companies spent $296,000 buying back their stocks, according to the New York-based bank.

An investment of $100 in a portfolio of stocks and bonds since the Federal Reserve began quantitative easing would now be worth $205. Over the same time, a wage of $100 has risen to just $114...."

http://www.bloomberg.com/news/artic...h-qe-helped-wall-street-steamroll-main-street

And those jobs are at the same rate of pay as it was forty years ago, adjusted for inflation. Probably working at both Starbucks and Uber to serve those people that saw all the engineered gains.

Lovely.

Nitro, the problem with that headline is that it attributes to the Fed things that ought not to be.

The Fed is responsible for QE. They should be applauded for that. The Fed is not responsible for companies boosting their earning per share by buying back shares. The Fed is not responsible for Tax policy, nor is it responsible for unconscionably low wages.

 

[nitro]

Nitro, the problem with that headline is that it attributes to the Fed things that ought not to be.

The Fed is responsible for QE. They should be applauded for that. The Fed is not responsible for companies boosting their earning per share by buying back shares. The Fed is not responsible for Tax policy, nor is it responsible for unconscionably low wages.

I am not disagreeing with you. Many of these problems are Fiscal issues. I think the point is that no one gives a shit about the people, who in theory these people in government work for. It is debatable who the FED is supposed to work for. Corporations get white glove treatment, because the jobs they create. Everyone is terrified of their power, even the powerful in government. It is really sad.

The US will be two "countries" soon. One of them is nearing a third world country in many stats. When that happens, mark my words, there will be at least one more political party formed in this country, with tens of millions of votes going to them. The Bern is already barely on the other side of that line.

 

[piezoe]

Nitro, the problem with that headline is that it attributes to the Fed things that ought not to be.

The Fed is responsible for QE. They should be applauded for that. The Fed is not responsible for companies boosting their earning per share by buying back shares. The Fed is not responsible for Tax policy, nor is it responsible for unconscionably low wages.

Nitro, I could not agree more.