Each bubble has progressively grown larger as incomes have stayed static. People feel wealthy, but it’s only a feeling

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via @OccupyWisdom :

THE WEALTH DEFECT

Household net worth now 700% or 7X the amount of disposable income of the household. This is the direct effect of “asset” price inflation.

Each bubble has progressively grown larger as incomes have stayed static.

People feel wealthy, but it’s only a feeling

 

 

 

 

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