Since 1970, the share of aggregate income going to the middle class has fallen from 62% to 42%. Meanwhile, high-income share has increased from 29% to 50%. No wonder so many supposedly middle-class families feel like they’re always on the brink. May 12, 2023 6:37 pm
Fortune 500 firing people and cutting bonuses. Meanwhile, credit card debt hitting all time highs. May 10, 2023 9:28 pm
Banks are trying to rally, but they can’t get off the mat. Meanwhile, there is zero fear in this market of a continuing bank run. It appears that bears went ALL IN back in December and now they’ve decided the market is going higher March 29, 2023 5:16 pm
Meanwhile in Ireland… Senator Eileen Flynn reckons saying ‘house Irish people in Ireland is spreading propaganda and hate’. She wants Ireland to house illegal immigrants instead. March 1, 2023 10:40 am
Turkey is loading up on gold… meanwhile inflation is officially reported as 64%… and the local fiat currency keeps depreciating January 25, 2023 3:05 pm
“Meanwhile in NYC, illegal mexican migrants cooking up rodents on the street.” December 6, 2022 11:31 pm
China meanwhile: Drones everywhere: ‘Stay in your room, or arrested, except take daily routine PCR test…” December 1, 2022 8:37 am
Meanwhile China has opened dozens of what it calls “110 Overseas Police Service Centers” in cities around the world, Including U.S. cities November 16, 2022 10:54 am
Meanwhile, in our “booming economic recovery” (cough), the layoffs are starting to add up. Will it extend to Congress next week? November 5, 2022 10:21 pmNovember 4, 2022 8:51 am
Personal excess savings from Covid stimulus are all gone meanwhile consumer loans are increasing at a very steep angle October 29, 2022 10:30 am
Meanwhile, Austria’s 100 year govt bond, maturing in June 2120, has in 10 months gone from 140 to 42… a loss of 70%… the hodlers since inception are enjoying an annual coupon of 0.85% for the next 98 years September 20, 2022 3:33 pm
Meanwhile, the interest rate on US 30 year mortgages just hit 6.42%, an increase of 15% in 1 month, and 112% in 1 year. This is happening while real wages have been negative and households just lost $6.1 trillion in wealth in Q2 and Fed is planning to start selling $35 bn MBS per month September 20, 2022 10:36 pmSeptember 19, 2022 10:12 pm
UK taxpayers are freezing meanwhile… King Charles III will inherit ~$750M and pay 0% in inheritance taxes September 11, 2022 10:22 pm
