The rich have never been richer (PPP, cantillon, asset price manipulation)
The poor have never been poorer
— Darth Powell (@VladTheInflator) April 7, 2024
Unfortunately, many current retirees have seen their expenses rise due to inflation being elevated over the past couple of years: https://t.co/t4Uo7M9Qh9
— Reef Insights (@ReefInsights) April 7, 2024
BlackRock's Larry Fink warns of a retirement crisis: pic.twitter.com/kGqzyyadEL
— unusual_whales (@unusual_whales) April 7, 2024
In March, the US added 303K jobs beating expectations of 214K.
However, in the last 12 months, full-time jobs DECLINED by 1.4M or by 1% y/yr while part-time jobs ROSE by 1.9M or by 7% y/y.
In the past, such a divergence has only occurred in recessions.https://t.co/Hom7wGIHPt
— Global Markets Investor (@GlobalMktObserv) April 7, 2024
https://twitter.com/RealJamesWoods/status/1777057793394270463
The top 1% now officially have more wealth than the entire middle class of America…
“There has been no greater engine of inequality than the Federal Reserve Bank of the United States.”
– Stanley Druckenmiller pic.twitter.com/1zSibBbLP9
— Win Smart, CFA (@WinfieldSmart) April 6, 2024