QE robbed a generation of their retirement. now they’re taking all the jobs away from new entrants. LF participation of 20-24yr olds=lowest in 45 years and for 18-19yr olds it’s stuck at the lowest in history.
Wait. I thought earnings were the thing that was powering the market??? From Factset: “The fourth quarter marked the 18th time in the past 20 quarters in which the bottom up EPS estimate decreased during the quarter while the value of the index increased over this same period.”
h/t @spomboy
They are robbing everyone!
Here’s a chart of spx : wages.
Views:
thanks for some sad truth. it started for me on 911 and has not improved a bit.
Ben Bernanke is solely responsible for this.