Even Wall St. Thinks Income Inequality Could Capsize US Economy (Ron Paul, 9/11)

[dreamofmonterey]

Thanks, that's a good one.

WalMarts been complaining that the bottom 50% of americans aren't spending as much. FS cuts, etc.

I am just thankful I'm not a realtor in SE USA . Housing market doesn't look good for the next decade.

[CDusr]

Originally Posted by dreamofmonterey

Thanks, that's a good one.

WalMarts been complaining that the bottom 50% of americans aren't spending as much. FS cuts, etc.

I am just thankful I'm not a realtor in SE USA . Housing market doesn't look good for the next decade.

2009-2010 was busy. The compression inward is apparent everywhere. Next stop the penthouse.

Enter Cede & Co II; The Fed Is Now Backstopping $25 Trillion In DTCC Cleared Credit Default Swaps
quote:
What all this implies is that basis spreads will likely compress very shortly, once counterparty risk becomes a thing of the past and all systemic risk in the biggest derivative market out there (ex IR swaps) is fully backstopped by the Federal Reserve.

DTCC Provides Update On Status Of Flooded Securities Vault
quote:
Or would be in case Cede & Co decided to make it a legal matter of assigning ownership: good luck in a legal battle with a company that is owned by every major financial institution in the US (including Goldman, JPM, the NYSE and of course, the Fed).

[InformedConsent]

Originally Posted by CDusr

For The House benefiting from the Casino, this kind of description can work well.

It did work well until the HUD Affordable Lending Goals mandates destroyed lending standards industry-wide.

[freemkt]

Originally Posted by InformedConsent

It did work well until the HUD Affordable Lending Goals mandates destroyed lending standards industry-wide.

Better then to keep Unaffordable Lending, which keeps the poor poor and their landlords rich, thereby maximizing inequality and tax receipts. Millions of homeowners appreciate the property tax subsidies they rake in from poor people and their landlords.

[Storm Eagle]

Originally Posted by texdav

The real problem is too many with no skills worth much commercially or add much to GDP. The economy needs 21st century workers skills not 20th century. Just giving someone money with no product worth return does nothing for economy and only encourage others to do same.

Actually American workers have been really productive

[fumbling]

Republican policies = income inequality.

[InformedConsent]

Originally Posted by freemkt

Better then to keep Unaffordable Lending, which keeps the poor poor and their landlords rich, thereby maximizing inequality and tax receipts.

Not really... HUD's AF Lending Goals mandates pushing Fannie's and Freddie's conforming loan lending standards way too low is what caused the mortgage meltdown precipitating the financial crisis of 2008. That's not "better."

[InformedConsent]

Originally Posted by fumbling

Republican policies = income inequality.

You have that backwards.

Obama Calls Income Gap 'Morally Wrong' After Widening It The Most In At Least Two Decades

[greywar]

Originally Posted by InformedConsent

You have that backwards.

Obama Calls Income Gap 'Morally Wrong' After Widening It The Most In At Least Two Decades

Partially true, however the gap has widened a lot due to the economics of a recovery. That being said.....Obama should have "minded the gap" a bit more. The question is...what exactly do you think he should have done?

[pknopp]

Originally Posted by greywar

Partially true, however the gap has widened a lot due to the economics of a recovery. That being said.....Obama should have "minded the gap" a bit more. The question is...what exactly do you think he should have done?

1. Not reappointed Bernanke.