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Old 10-02-2012, 10:34 PM   #55
ThaVirus ThaVirus is offline
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Quote:
Originally Posted by Taco John View Post
>Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened

Well duh. We're flooding a corrupted market with federal reserve notes. What do you think QE does? Help poor people?

Imagine a dodge ball court with 10 athletic giants, and 20 bookish weaklings. Now flood that court with balls, and balls, and more balls. Do you think the bookish weaklings are going to benefit from the balls? The same principle applies to the market. Adding more dollars doesn't fundamentally change any of the market dynamics. It just causes the water to flow into the coffers of the rich faster, and perpetuate the imbalances.

The only solution to this is liquidation.
Nice analogy.

Quote:
Originally Posted by KC Fish View Post
The 1% are experiencing record levels of wealth, as evidenced by the OP. Then why is the unemployment rate at record highs?

If the 1% is so vital at creating the majority of jobs, why have the 1% profited to such an overwhelming degree compared to others, while job creation has continued to dramatically suffer. When should we expect to see the results of the continuation of corporate profit on job creation?
Hmmmm...
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