The Rich, And Everybody Else

Posted By on March 21, 2014

It’s no secret that the rich are only getting richer, and everyone else is heading the other way. At some point, the rich will sink their boat.  Just a matter of time!  So….The U.S. Income Gap has now soared to the widest gap since the “Roaring 20’s”.  Yep, 10% of the population now make over 50% of all earned income!

The president of the Dallas Fed, via Bloomberg……


The above chart may also explain why almost 60% of home purchases are now cash purchases as shown below!

Sources: Wise Dog Research, Zero Hedge, Goldman Sachs

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