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.

Since 1970, the share of aggregate income going to the middle class has fallen from 62% to 42%. (Middle class defined as income from 2/3 to double the median). Meanwhile, high-income share has increased from 29% to 50%. No wonder …

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People running out of real money wasn’t enough to start the recession. Wonder what happens when everyone runs out of fake money too.

U.S. credit card debt jumps 18.5% and hits a record $930.6 billion Credit card debt almost 1 trillion as delinquencies spike. In other news unemployment at lowest level since 1969. 🤔 pic.twitter.com/0I6Hn5vB1u — George Gammon (@GeorgeGammon) February 3, 2023 Probably …

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No Wonder the Market Is Skittish

by Charles Hugh-Smith The equity, real estate and bond markets all rode the coattails of the Fed’s ZIRP and easy-money liqudiity tsunami for the past 13 years. As those subside, what’s left to drive assets higher? No wonder the market …

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If you’re wondering why Zillow is in a rush to dump 93% of its properties, wonder no more.

If you're wondering why Zillow is in a rush to dump 93% of its properties, wonder no more. pic.twitter.com/OzlGhrbATG — Financelot (@FinanceLancelot) November 2, 2021 #recession …#GFC2 US #Housing #Bubble 2.0 edition#RealEstate #Zillow #ZillowBubble https://t.co/3SdF8NCtCy pic.twitter.com/IW7RnxxtSt — Invariant Perspective (@InvariantPersp1) …

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